SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jun 22, 2023--
Transact Campus “Transact,” the award-winning leader in innovative Mobile Credential and payment solutions for a connected campus today announced that more than one million students have provisioned Transact Mobile Credential, marking a momentous milestone for the revolutionary contactless student ID. Launched in 2018, Transact Mobile Credential represents more than 80% of the market of mobile Student IDs on client campuses and has processed over $230 million in financial transactions.
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Transact Campus Secures One Million Mobile Credentials (Graphic: Business Wire)
Transact Mobile Credential provides campus-wide access to students using NFC-enabled Mobile Credential with no physical student ID card required for effortless, campus-wide financial transactions and access privileges. Transact was the first Mobile Credential solution provider to offer native NFC contactless mobile IDs leveraging mobile wallet technology, which runs on billions of devices worldwide including wearables. The solution creates a seamless experience for students navigating campus interactions by offering secure access to facilities, residence halls, and lockers, as well as the ability to make payments for dining, laundry, printing, vending, and retail.
“In the past two years, Transact has doubled the number of schools using Mobile Credential, signing a wide range of colleges and universities worldwide," said Nancy Langer, CEO, Transact. "These numbers and this milestone not only speak to the quality of the product, but also showcases the strong demand for mobile IDs in higher education.”
Like all the Transact solutions, Mobile Credential supports integration with critical systems like ERP, financial, door access, lockers, and building/security systems. Students can quickly and simply add Transact Mobile Credential to their phone or watch, which provides students with Multi-Factor Authentication (MFA) for a secure experience. Students using mobile phones simply present their phones to NFC-enabled readers on campus to open doors, buy meals, or conduct financial transactions that are secure and completed in less than a second.
“Transact takes pride in offering the most extensive range of partner integrations and hardware support in the industry. Our commitment to compatibility ensures that our clients have a seamless experience,” explained Rasheed Behrooznia, SVP & General Manager, Campus ID Solutions, Transact. “Transact Mobile Credential infrastructure is built to handle the highest scale, ensuring uninterrupted service for clients. With the highest uptime and unmatched reliability, Transact is the go-to choice for institutions looking for a dependable Mobile Credential solution.”
“Transact is a true leader in innovation and software development,” stated Duane Terrazas, Vice President, Software Development, Transact. “Understanding and responding to the needs of students is at the heart of Transact’s success. Announcing one-million Mobile Credentials reinforces the company’s commitment to an unbeatable future-oriented campus experience.”
Transact will continue to seek global expansion of Mobile Credential, with universities in Canada and Australia already onboarded. Additionally, Transact Mobile Credential addresses several corporate social responsibility pillars, providing students and staff with an emergency hotline and the ability for students to enter their preferred name. Thanks to Mobile Credential, Transact has saved 5.2 tons of plastic cards from being printed or discarded, and has made universities 95% more energy efficient with sustainable cloud infrastructure.
About Transact
Transact is the leader in innovative payment and Mobile Credential solutions for a connected campus. Its highly configurable, mobile-centric campus technology ecosystem simplifies the student experience across the full spectrum of student life. Transact’s offerings include integrated solutions for tuition and other student expense payments, multi-purpose campus IDs, and campus commerce. With a long-standing reputation in the education community, Transact proudly serves over 12 million students across more than 1,850 client institutions. Its fintech solutions facilitate $49 billion in payments annually and have enabled more than 227 million contactless mobile wallet transactions and $293 million in mobile orders in less than three years. For more information, visit www.transactcampus.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230622225606/en/
CONTACT: Sandra Correa
Impact Partners for Transact
scorrea@impactpartners.llc
917-319-8472
KEYWORD: UNITED STATES NORTH AMERICA ARIZONA
INDUSTRY KEYWORD: UNIVERSITY DATA MANAGEMENT BANKING ACCOUNTING EDUCATION TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE INTERNET FINTECH FINANCE
SOURCE: Transact Campus
Copyright Business Wire 2023.
PUB: 06/22/2023 10:00 AM/DISC: 06/22/2023 10:01 AM
http://www.businesswire.com/news/home/20230622225606/en
