A chessboard has 8 rows and 8 columns. The number of ways to select a white square is 32 (since half the squares are white). Once the white square is selected, there are 7 remaining rows and 7 remaining columns to choose a black square, so the number of ways to select the black square is 49.
Thus, the total number of ways is:
\[
32 \times 49 = 768.
\]
Therefore, the Correct Answer is 768.