TECHNOLOGYAPPROVED

Eastern Illinois University AgendaPacket Board of Trustees Meeting 2026-06-11

EIU Approves $462K CashNet Maintenance Agreement

$462,792.36Eastern Illinois UniversityILLUMIA LLC DBA TRANSACT CAMPUS PAYMENTS INCJune 11, 2026

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Description

Eastern Illinois University Board of Trustees approved a five-year contract for CashNet maintenance, support, and service with Illumia, LLC (formerly Transact Campus Payments Inc.) valued at $462,792.36. The platform is used for campus-wide payment processing and integrates with the university's Banner system.

Contract Details

Contract Amount

$462,792.36

Vendor

ILLUMIA LLC DBA TRANSACT CAMPUS PAYMENTS INC

Agency

Eastern Illinois University, IL

Contract Type

TECHNOLOGY

Document Date

June 11, 2026

Contract Term

July 1, 2026 through June 30, 2031

Renewal Date

2031-06-30

Renewal Info

Original system purchased in 1999; annual renewals for maintenance; this action approves a five-year agreement.

Issuing Agency