CASHNet announces its achievement as a Member of the SunGard Higher Education Collaborative

FOR IMMEDIATE RELEASE

Alameda, CA. May 18, 2006 — CASHNet® announced today its approval as a Member of the SunGard Higher Education Collaborative. SunGard Higher redesigned its partner program and released its Collaborative Program Guide April 1st of this year. "This is an exciting opportunity for both CASHNet and SunGard Higher Education," said Nancy S. Banker, Sr. VP of Strategic Alliances. Our mutual customers value the relationship that this partnership represents."

Dave Brisbois, Director - Administrative Information Services, Wayne State University, explained that "Colleges and universities can no longer afford to develop the integration between their systems. SunGard Higher Education's Collaborative meets its customers' critical need to control integration costs and reliability. The first question we ask ourselves when we need to solve a problem is, 'Does SunGard Higher Education provide a solution?' The second question we ask ourselves is, 'Can a SunGard Higher Education partner can help us solve it?'CASHNet's accomplishment is absolutely critical for the future growth and performance of our system."

For more information about CASHNet's relationship with SunGard Higher Education or other partner relations, please contact Nancy S. Banker, Sr. V.P. of Strategic Alliances.

About SunGard Higher Education Collaborative Members

The SunGard Higher Education Collaborative is an industryleading partner program of technology product and service providers that complement SunGard Higher Education's software, services and technologies to deliver reliable and proven solutions for higher education.

SunGard Higher Education Collaborative Members have enjoyed initial success in collaborating with SunGard Higher Education and the colleges and universities it serves. Collaborative Members must complete a detailed application process, have a focus in higher education and have 10 mutual customers with SunGard Higher Education. Members are given tools and training to ensure that their solutions will work with an institution's Unified Digital Campus.

About CASHNet

CASHNet® is the safest and easiest way to manage and control any payment, anytime, anywhere on your campus. Since 1988, CASHNet has provided unsurpassed service by design - offering institutions a fully-hosted cashiering, online payment, electronic billing, departmental storefront and installment payment plan solution. For more information about CASHNet, call 1- 800-294-6800, or visit http://www.cashnet.com.

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