Campus Nation Network enters agreement With LoopPay

Thursday 31 October 2013 00:07 CET | News

Campus Nation Network, a provider of video media targeting college audience, and LoopPay, a mobile commerce platform provider launching a mobile wallet solution that works with retail point-of-sale (POS) terminals, have entered a strategic alliance to market mobile digital wallets to university campus communities in North America.

Under the agreement, the companies are set to create the Campus Loop product line, a joint offering for the university and college market that is set to focus on assisting students and faculty as well as the merchants around these communities.

LoopWallet is a mobile wallet app that enables consumers load their credit, debit, gift, loyalty, ID, and membership cards into a memory accessed by their smartphone. Mag stripe card data is stored into a Loop chip inside a Loop Fob or Loop Charge Case accessory; the chip could eventually be embedded into phones. Through its patent pending Loop Magnetic Transmission (LMT) technology, the card data can be transmitted to existing POS terminals with no hardware or software change.

Campus Nation Network is developing a campus ecosystem which is set to connect the Campus Loop to a point-of-sale system at merchant locations within five miles of each college campus. CNN also owns a digital signage network that is set to serve around 1,150 college campuses.

In recent news, French contactless and NFC technology developer INSIDE Secure has entered an agreement with LoopPay to provide the latter with security hardware, software and payments industry expertise.

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Keywords: Campus Nation Network, LoopPay, mobile commerce platform, mobile digital wallets, mobile payments, credit, debit, gift, loyalty, iD, Loop Fob, Loop Charge Case, POS
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce