Blackboard Expands Transact Business with CardSmith Acquisition

  • By Dian Schaffhauser
  • 08/07/14

Blackboard has acquired CardSmith, a competitor in the student debit card business. The two companies both have card-based campus payment systems, and it was common for them to face off in vying for business. The terms of the deal for these privately-held firms were not released.

Besides bringing about 200 new customers into the Blackboard fold, the acquisition also adds cloud-based offerings to Blackboard's Transact portfolio, which includes offerings for managing commerce, security and financial services. CardSmith's multi-tenant cloud technology and managed services options allow schools to implement a student credential system without the need for IT resources, including physical infrastructure or software management. The company also provides card production services.

In a statement Blackboard explained that the addition of CardSmith will now allow customers to choose cloud or locally hosted applications.

Student debit cards have multiple purposes. They can serve as the student ID, grant building access, provide a mechanism for making purchases and grant access to school activities.

"Given the diversity of learners, there is a critical need for institutions to provide students with the most innovative technologies that support them both in and out of the classroom," said Jay Bhatt, CEO of Blackboard. "Today's news marks the latest step we are making in growing and investing in our Blackboard Transact portfolio and strengthening the educational experience we help schools provide to their students."

Transact products are in use at Troy University, the University of New Brunswick, the University of Scranton and the University of Arkansas at Little Rock. CardSmith has systems in place at the University of North Florida, the University of Baltimore and Oklahoma City University.

About the Author

Dian Schaffhauser is a former senior contributing editor for 1105 Media's education publications THE Journal, Campus Technology and Spaces4Learning.

Featured

  • widescreen computer monitor displaying an AI-powered search engine interface with a search bar and futuristic icons

    Google, Microsoft Expand AI-Driven Search Capabilities

    Recent announcements from Google and Microsoft highlight a slough of AI capabilities for their search tools.

  • glowing shield with a lock symbol at its center, surrounded by stylized outlines of books, a graduation cap, and a laptop

    Why the Education Sector Needs to Get Better at Cyber Hygiene

    Despite the wealth of publicly available information about cyber attacks and the tactics used by malicious actors, many institutions appear unprepared to protect their students, faculty, and endowments from cyber threats.

  • illustration of a futuristic building labeled "AI & Innovation," featuring circuit board patterns and an AI brain motif, surrounded by geometric trees and a simplified sky

    Cal Poly Pomona Launches AI and Innovation Center

    In an effort to advance AI innovation, foster community engagement, and prepare students for careers in STEM fields and business, California State Polytechnic University, Pomona has teamed up with AI, cloud, and advisory services provider Avanade to launch a new Avanade AI & Innovation Center.

  • glowing brain, connected circuits, and abstract representations of a book and graduation cap on a light gray gradient background

    Snowflake Launches Program to Upskill 100,000 People in Data and AI

    Cloud data platform Snowflake is embarking on an effort to train and certify more than 100,000 users on its AI Data Cloud by 2027. The One Million Minds + One Platform program will provide Snowflake-delivered courses, training materials, and free access to Snowflake software, at no cost to learners.