Blackboard Releases New Contactless Vending
Reader
FlexVend
Device Supports Acceptance of Major
Credit
Cards in Addition to Campus Cards
Washington, DC, – March 26, 2007 –
Blackboard Inc. (Nasdaq: BBBB) announced
today the release of a new vending reader
for the Blackboard Commerce Suite™,
a family of
applications supporting one-card
transactions on-campus, off-campus and
online and allowing for identification and
security access.
The new FlexVend
reader, provided by USA Technologies
(Nasdaq: USAT),
allows for cashless payment at campus
vending machines. Cardholders can pay for
vended products with their campus card as
well as all major credit cards, including
the latest contactless cards that allow for
‘touch and go’ transactions. Wired and
wireless options of the FlexVend reader are
both available.
“Our new FlexVend
vending reader utilizes the latest in
contactless technology that allows for quick
‘touch-and-go’ card transactions,” said Russ
Carlson, president of the Blackboard
Commerce Group. “FlexVend provides
Blackboard cardholders the ultimate in
convenience by allowing them to purchase
vended product with a variety of card types
including credit cards.”
The easy-to-use
vending machine interface allows a
cardholder to purchase multiple items with a
single swipe or tap of their card. Campuses
can also support vending of higher-priced
products such as computer or desk supplies.
Online reporting
capabilities allow for user-configurable
reports on account data of processed
transactions.
About
Blackboard Inc.
Blackboard Inc. (NASDAQ: BBBB) is a leading
provider of enterprise software applications
and related services to the education
industry. Founded in 1997, Blackboard
enables educational innovations everywhere
by connecting people and technology.
Millions of people use Blackboard everyday
at academic institutions around the globe,
including colleges, universities, K-12
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 in North America, Europe,
Australia and Asia.
Blackboard
Educate.
Innovate. Everywhere.
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 Form 10-K
filed on February 23, 2007 with the SEC. In
addition, the forward-looking statements
included in this press release represent the
Company's views as of March 26, 2007. 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 March26, 2007.
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