George Washington University Selects BbOne(SM) to Manage Off-Campus Merchant Network
08 Dicembre 2004 - 1:01PM
PR Newswire (US)
George Washington University Selects BbOne(SM) to Manage Off-Campus
Merchant Network Blackboard to Service and Grow Existing Program
That Enables Cashless Off Campus Transactions Through Student ID
Cards WASHINGTON, Dec. 8 /PRNewswire-FirstCall/ -- Blackboard Inc.
(NASDAQ:BBBB) announced today that The George Washington (GW)
University will license Blackboard's BbOne(SM) system to enable
students to make safe, secure, cashless transactions off campus
through their student identification (ID) cards. George Washington
University, which already licenses the Blackboard Transaction
System(TM), opted to move its self-operated off-campus merchant
program to BbOne. This will help GW to expand the number of
merchants on the system and offer consistent and reliable merchant
support 24 hours a day, seven days a week. GW students can
currently use their ID cards at more than 50 off-campus merchants.
In addition to converting the existing merchants to BbOne,
Blackboard will also address a growing list of new businesses that
have expressed interest in joining the GWorld Card Program network,
the existing program at the school. "This is yet another step for
GW in our continuing strategic partnership with Blackboard," said
Executive Vice President and Treasurer Louis Katz. "With this
agreement, GW joins a growing list of colleges and universities
nationwide who have turned to Blackboard to perform back office
card settlement activities. GW's goal is to offer the best choices
to the students and outsourcing these administrative tasks will
allow GW to focus our efforts on marketing and refining the
Colonial Cash and the GWorld Card Program. It's a win-win all
around; for our students who will enjoy a more diverse mix of
services and retail choices and for our merchants who will receive
daily automated funds settlement and dedicated 24-hour support."
"We are delighted to help George Washington University grow its
network of off campus merchants and offer new, expanded benefits to
its students, faculty and community," said Michael Chasen, CEO of
Blackboard. "We applaud GW for establishing a successful off-campus
merchant program on their own and look forward to enhancing their
network. BbOne has developed an expertise in efficiently managing
off-campus university merchant programs. GW's conversion to BbOne
from a self-operated network shows the high value this service
brings to Blackboard Transaction System clients." BbOne is part of
the Blackboard Commerce Suite(TM), a package of three enterprise
software applications supporting cashless transactions on-campus,
off-campus and online and allowing for identification and security
access. By utilizing an existing student debit account at the
university, BbOne provides students with a safe, secure, cashless
and convenient way to make transactions on- and off-campus, while
assuring parents that their funds will be spent within a university
approved merchant network. About Blackboard Inc. Blackboard is a
leading provider of enterprise software applications and related
services to the education industry. The Company's product line
consists of five software applications bundled in two suites, the
Blackboard Academic Suite(TM) and the Blackboard Commerce
Suite(TM). Blackboard's clients include colleges, universities,
schools and other education providers, as well as textbook
publishers and student-focused merchants that serve education
providers and their students. Blackboard is headquartered in
Washington, D.C., with offices and staff in North America, Europe
and Asia. Any statements in this press release about future
expectations, plans and prospects for Blackboard and other
statements containing the words "believes," "anticipates," "plans,"
"expects," "will," and similar expressions, constitute
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements
as a result of various important factors, including the factors
discussed in the "Risk Factors" section of our most recent 10-Q
filed with the SEC. In addition, the forward-looking statements
included in this press release represent the Company's views as of
December 8, 2004. The Company anticipates that subsequent events
and developments will cause the Company's views to change. However,
while the Company may elect to update these forward-looking
statements at some point in the future, the Company specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing the Company's views as of
any date subsequent to December 8, 2004. DATASOURCE: Blackboard
Inc. CONTACT: Melissa Chotiner, Public Relations Manager of
Blackboard Inc., +1-202-463-4860 ext. 2404, or ; or Stacey Finkel
of DBC Public Relations, +1-866-774-4720, or , for Blackboard Inc.
Web site: http://www.blackboard.com/
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