Blackboard Inc. (ticker: BBBB, exchange: NASDAQ Global Market (.O))
News Release -
Blackboard Strengthens Data and Application Security for Campus Commerce and Card Platform
Blackboard Transact Meets New Payment Card Industry Standards
WASHINGTON, Aug. 6 /PRNewswire-FirstCall/ -- Blackboard Inc. (Nasdaq:
BBBB), a global leader in education technology, today announced the general
availability of Release 3.5 of Blackboard Transact(TM), a milestone effort
that strengthens data and application security for campus commerce and card
programs and enables institutions to confidently process credit card
transactions while meeting new industry standards well ahead of the deadline
Blackboard Transact(TM) is used by hundreds of colleges and universities
to support campus commerce and security management. Release 3.5 complies with
the Payment Application Data Security Standard (PA-DSS) both in application
architecture and written operating procedures. Release 3.5 received validation
from Trustwave, a leading qualified security assessor company, and acceptance
from the Payment Card Industry (PCI) Security Standards Council.
With the release, institutions can host the application and process credit
card transactions in a manner that assists in meeting their own compliance
validation with the Payment Card Industry Data Security Standard (PCI-DSS)
well in advance of the July 2010 deadline for institutions to only use
PA-DSS-compliant applications in their payment environments.
"Payment application security compliance is a very important initiative
for our university," said Stacie Gomm, Associate Vice President for
Information Technology at Utah State University. "Our Controller's office is
driving this initiative to ensure that all of our financial systems and
processes are PCI compliant. The enhanced security features of the Blackboard
Transact platform are an important step towards compliance for our campus-wide
ID card solution."
"This release is a significant milestone for the clients we serve," said
David Marr, President and Chief Operating Officer of Blackboard Transact. "We
remain steadfast in our commitment to being a leader in delivering
applications that comply with these evolving data security standards. Further,
we are excited to also deliver new functionality that enables institutions to
serve their communities more efficiently, effectively and securely."
Blackboard Transact is an integrated technology platform that helps
organizations to meet their commerce and security management needs, enhance
the student experience and overall campus safety, and streamline business
operations while increasing revenue. The Blackboard Transact platform includes
capabilities within two integrated modules:
-- Commerce Management: facilitates campus ID card issuance, on-campus,
off-campus, and online commerce, cashless payment processing for
dining, bookstore, vending, laundry, copy, print and parking services,
financial reporting, and self-service account management.
-- Security Management: monitors all campus activity using integrated
door access control, video surveillance and mass notification
In addition, Release 3.5 introduces new capabilities to support
enterprise-wide compliance policies and risk management and adds a range of
new capabilities including improved database audit logging, user account and
password features including forced complex passwords, limited repeat access
attempts, account deactivation after 90 days of no use and completely
re-written user documentation.
For more information about Blackboard Transact solutions, please visit
About Blackboard Inc.
Blackboard Inc. (NASDAQ: BBBB) is a global leader in enterprise technology
and innovative solutions that improve the experience of millions of students
and learners around the world every day. Blackboard's solutions allow
thousands of higher education, K-12, professional, corporate, and government
organizations to extend teaching and learning online, facilitate campus
commerce and security, and communicate more effectively with their
communities. Founded in 1997, Blackboard is headquartered in Washington, D.C.,
with offices in North America, Europe, Asia and Australia.
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-Q filed on May 7, 2009 with the SEC. In addition, the forward-looking
statements included in this press release represent the Company's views as of
August 6, 2009. 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 August 6, 2009.
SOURCE Blackboard Inc.
/CONTACT: Matthew Maurer, Blackboard Inc., +1-202-463-4860 ext. 2637,
/Web Site: http://www.blackboard.com /
CO: Blackboard Inc.
ST: District of Columbia
IN: EDU HED HTS CPR
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1652 08/06/2009 09:00 EDT http://www.prnewswire.com