|Blackboard Introduces Flexible Financial Aid Disbursement for Higher Education|
With Discover and First Data, Blackboard Pay Program Cuts Costs, Lowers Fees
WASHINGTON, March 9 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq:BBBB) today announced the launch of Blackboard Pay™, an open-loop prepaid card program that lets educational institutions simplify the disbursement of financial aid credit balances – as well as student payroll – while cutting costs for institutions and lowering student fees.
Blackboard Pay provides students and staff immediate access to their funds while eliminating the need to wait for paper check disbursements. And compared to existing financial aid disbursement products, Blackboard Pay protects students by eliminating overdraft exposure, related fees and PIN debit fees, while lowering fees for checks and card replacements.