ABACC Engages CASHNet^® to Streamline Their Online Payment Acceptance Process with CASHNet’s eMarket Solution

ORLANDO, FL. – March 18, 2009 — The Association of Business Administrators of Christian Colleges (ABACC), a leader in professional development, networking and mutual support for Christian Higher Education, today announced a business relationship with CASHNet, the leader in “any payment, anytime, anywhere” solutions for higher education to cut spending, increase revenue and improve efficiencies with more flexible payment options for students.

ABACC has engaged CASHNet to assist them in streamlining the payment acceptance process for their corporate website. CASHNet’s eMarket system will provide an easy way to create web storefronts where customers can select and pay for memberships and purchase items from the store's catalog. Additionally, ABACC will utilize eMarket as the portal to maintain administrative control through centralized policy settings and sophisticated reporting.

ABACC offers a wide range of services and offerings for its membership, including the opportunity to discuss issues specific to higher education through a Christian worldview perspective, to have access to top-notch experts and experienced professionals, and the ability to network with peers. Additionally, ABACC allows members to learn how other institutions solve universal problems, gather insight to anticipate and respond to campus challenges, advance member’s technical expertise and support their colleagues.

CASHNet has been the leader in campus payment automation for over 20 years and addresses each of the critical initiatives facing higher education today, including reducing the cost of operations through greater self service, improving service levels for students, parents, staff, and securing the transfer of sensitive payment information across campus. CASHNet's suite of services includes CASHNet® eBill, ePayment, MyPaymentPlan, eRefund, eMarket and Cashiering.

A number of ABACC member schools currently use CASHNet offerings, including the College of the Ozarks, Charleston Southern University, Azusa Pacific University, Judson University, Point Loma Nazarene, Southeastern University and Malone College.

“Since CASHNet is already an ABACC Corporate Member, we were very open to discussing how they could assist us in streamlining our entire online payment process,” says Bruce Hoeker, Executive Director of ABACC. “Additionally, CASHNet offered us proven solutions to significantly reduce our costs and streamline our entire payment process.”

“We are pleased to welcome the Association of Business Administrators of Christian Colleges into the CASHNet family,” says Dan Peterson, President and CEO of CASHNet. “ABACC understands the financial challenges facing Christian Higher Education and the organizations that support them. Their leadership is taking proactive steps to reduce costs, while increasing efficiency and offering value-added services to their membership.” Mr. Peterson continues, “CASHNet is already a Corporate Member of ABACC. With the start of this new relationship, our goal is to offer the full suite of our payment processing solutions to the member schools.”

About ABACC
The mission of ABACC (Association of Business Administrators of Christian Colleges) is to improve the standard of business management in evangelical schools of Christian Higher Education by providing professional development, networking and mutual support to their business leadership. For further information, please visit: http://www.myabacc.org or contact Bruce Hoeker, Executive Director of ABACC, at 877-303-8666.

About CASHNet
CASHNet^® is the recognized leader in hosted payment and self-service applications exclusively designed for higher education. Founded in 1984, CASHNet has provided state-of-the-art business office and online applications to over 200 U.S. campuses with enrollments ranging from 1,000 to more than 55,000.

For further information, please visit http://www.cashnet.com.

CASHNet^®
1301 Marina Village Parkway
Suite 100
Alameda CA 94501
800-294-6800
www.cashnet.com

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