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Yale University nixes Campus Cash

Thursday, May 22, 2008

Yale students are disappointed at the university’s decision not to move forward with a program that would have enabled students to use their campus ID cards at several local eateries.

One student who helped push for the new program said he felt let down by the university’s decision, according to this article in Yale Daily News. He said the proposal “had significant backing from the student body.” In fact, a poll conducted in late 2006 found that 91% of respondents supported the proposal.

University officials said students could still use a debit card linked to a bank of their choosing at off-campus retailers and restaurants.

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Tallahassee-based Florida A&M University and campus card service provider CardSmith have announced plans to upgrade the university’s multi-functional Rattler Card program.

The new Rattler Card will feature Rattler Bucks, a prepaid spending account offering FAMU’s more than 13,000 students cashless access to an expanded range of campus facilities and services including the bookstore, dining venues, mobile payments, campus offices and off-campus merchants.

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A new partnership between Hamline University, Saint Paul, Minn. and U.S. Bank will enable the school to offer enhanced banking services to its students, faculty and staff through the school’s campus ID card.

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Social Security numbers and credit card information of 2,818 users of a University of Maine computer server may have fallen into the hands of hackers, according to university officials.

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Arkansas State University, Jonesboro, has partnered with the Discover Money Network to enable students to open an account with the university’s Student Account Services. It would be separate from their school account and can be used anywhere Discover cards are accepted.

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Northwestern University is eliminating what it calls “an antiquated system” with the discontinuance of its CashStripe program, which students use to transfer cash to their WildCARD to pay for print jobs and buy products from select vending machines.

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U.S. Bank and Oakland Community College, Bloomfield Hills, Mich., have launched a combined campus ID and prepaid MasterCard program for the school’s 78,000 students and 788 staff members.

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