Campus Nation Network and LoopPay have entered into a strategic alliance to market mobile digital wallets to university campus communities in North America. The Campus Loop product line, a joint offering for the university and college market, will focus on serving students and faculty as well as the merchants around these communities.
LoopWallet is a mobile wallet app that enables students and faculty to securely store and organize all their cards – payment, student ID, loyalty, and membership – into a secure memory accessed by their smart phone. Data is stored in a secure chip inside a Loop Fob or Loop Charge Case accessory.
The Loop Fob is a universal audio jack device with a built-in card reader. A microprocessor and a magnetic induction loop within the fob allows users to transmit card data while attached to a mobile smart phone, or can be easily used in detached mode in restaurant or bar settings.
The Loop ChargeCase is a protective case with the Loop secure storage and transmission capabilities, and it also delivers up to 60% more battery power for any iPhone 5 and 5s device. The ChargeCase comes with an encrypted audio jack card reader to add cards into the ChargeCase.
Through its patent pending Loop Magnetic Transmission (LMT) technology, card data can be transmitted to existing POS terminals without any hardware or software change.