Persolvent and CBORD Partner to Offer New Payment Technology
Partnership offers modern commerce experience for higher education and healthcare campuses
ST. PAUL, Minn. – Persolvent, an award-winning payment technology company, recently announced a partnership with CBORD, the leader in higher education and healthcare campus technology solutions. The partnership was first revealed to customers during CBORD’s annual users group conference in October.
This relationship brings new payment solutions to customers using CBORD’s GET commerce platform — approximately 340 higher education and healthcare institutions today. GET enables students, faculty, and patrons to make deposits, check balance history, see locations where they can use their card, and order online via an iOS and Android app.
GET institutions will continue accepting major card brands through the platform — Visa, MasterCard, Discover, and American Express — as accepted by their bank’s processor. With the new solution offered through this partnership, they will now be able to accept Apple Pay on iOS devices.
“Together, we’ve built an outstanding product and service for our customers. We’re building technology solutions that meet the financial demands of our consumers and the new ways they want to pay. And we’re doing that while ensuring their data is completely secure,” said Vince Arnoldi, president of Persolvent.
All features meet Payment Card Industry (PCI) Level 1 standards, which are the most stringent and rigorous security standards in the industry. This ensures that cardholders’ private information remains private.
Persolvent and CBORD have already completed three initial integrations: The University of Vermont, University of San Francisco and Rhode Island College. The two businesses will migrate all customers from their existing GET gateway provider to Persolvent’s gateway by the end of 2020. GET customers can also move to the full Persolvent option for an all-in-one payment processing solution with merchant hosting.
CBORD is a pioneer in campus card technology and integrated security solutions, and Persolvent is a leader in financial technology. This new partnership helps strengthen each company’s position in the market, and it builds on a relationship that’s more than a decade old. Since 2008, Persolvent has partnered with Horizon Software, CBORD’s sister company, to offer the MyPaymentsPlus commerce platform to K-12 parents.
“We’re excited to leverage the existing partnership that has been so successful in our K-12 market,” said Jim Hoefflin, president of CBORD and Horizon Software. “Persolvent’s turnkey technology will allow us to bring the same trusted payment processing capabilities and a modern commerce experience to our customers in adjacent markets.”
To learn more about Persolvent, call 800.838.9699.
Persolvent’s mission is to make life easier through innovation and technology. Persolvent specializes in payments for the education vertical (K-12, colleges, and universities), legal firms, and other professional service firms, including accounting, engineering, consulting, and architectural firms. Professional service firms run on Persolvent’s award-winning technology, ClientPay.
ClientPay has been acknowledged as an industry leader, having been awarded the Software & Information Industry Association’s (SIIA) Best Financial Technology Solution at the 2018 CODiE Awards in San Francisco. Through integrations with some of the legal industry’s top matter management platforms, ClientPay helps companies get paid faster and reduce write-offs while eliminating billing errors. Learn more at persolvent.com.
CBORD is the world’s leading provider of campus card and cashless systems, food and nutrition service management software, integrated security solutions, and commerce platforms for higher education, K-12, healthcare, senior living, and business campuses. Guided by customer-centric development and support, CBORD solutions are used by more than 7,000 organizations in the U.S., Canada, Europe, South Africa, New Zealand, the Middle East, and Australia.
CBORD operates as a unit of Roper Technologies (ROP), a diversified technology company with annual revenues of $5.4 billion. Roper operates businesses that design and develop software and engineered products and solutions for a variety of niche end markets. Roper is a component of the S&P 500, Fortune 1000, and Russell 1000 Indexes.