SCOTTSDALE, AZ and BOSTON, MA--(Marketwired - Oct 29, 2013) - Campus Nation Network™ (Campus Nation Network, LLC) and Loop™ (LoopPay, Inc.) have entered into a strategic alliance to market mobile digital wallets to university campus communities in North America. Together the companies will create the Campus Loop™ product line, a joint offering for the university and college market that will focus on serving students and faculty as well as the merchants around these communities.
LoopWallet™ is a mobile wallet app that lets consumers easily load their credit, debit, gift, loyalty, ID, and membership cards into a secure memory accessed by their smartphone. Mag stripe card data is stored into a secure 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 without any hardware or software change.
Consumers can get a head start on supporting this extraordinary technology by pre-ordering Loop on KickStarter -- http://www.kickstarter.com/projects/loop/pay-with-loop
"Campus Nation Network has a unique and prominent position on university and college campuses," said Will Graylin, CEO of Loop. "We share a vision to have smartphones act as a complete student wallet which will host transaction payment cards and student ID's, thus eliminating the need to carry traditional wallets."
"LoopWallet fully compliments CNN's strategy to fully serve the university and college markets with smartphone transaction capabilities, coupons and special offers, college specific information, and other services," said Thomas Kuehle, President of Campus Nation Network. "We are excited to work with Loop's capable and experienced management team."
To learn more and see how the LoopWallet works, visit Loop's YouTube page -- http://www.youtube.com/channel/UCd5fJTXd7sov-ZGeGoz_CmA
About Campus Nation Network™ (Campus Nation Network, LLC)
Campus Nation Network is developing a campus ecosystem which will 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 will serve over 1,150 college campuses. In addition, CNN recently acquired the assets of Akoo College Network, which operated digital signage in cafeterias and student unions. CNN's business contemplates reaching 2,000 campuses within 2 years covering a population of over 5 million students in the US.
In conjunction with Loop™, CNN will offer the Campus Loop™ digital wallet which is designed to store campus ID's and transact credit cards, debit cards, prepaid cards, gift cards, loyalty and rewards plans, cafeteria plans, and other functionality to serve college students and faculty. A smartphone user will be able to interact with the point of sale systems being used both on campus and off campus (within a 5-mile radius) without any special scanners or NFC equipment, and complete transactions much faster, more securely, and with greater convenience than alternative technologies. For more information, visit CampusNationNetwork.com
About Loop™ (LoopPay, Inc.)
Loop™ is the world's first and only mCommerce platform provider with a mobile wallet solution that works at nearly 90% of existing retail locations. The platform allows consumers to securely and conveniently buy and save using their smartphones, and allows merchants to easily promote actionable deals and offers to their customers' mobile, without heavy integration or cost. Loop also provides the most advanced mobile POS and Checkout solutions seamlessly integrated with its mobile wallet and promotions system. The company leverages its patent pending breakthroughs to create a platform that includes mobile peripherals, mobile apps, and cloud-based services to facilitate truly innovative next generation commerce.
Loop™ is uniquely positioned for explosive growth in the next 36 to 48 months, as the mobile commerce market is expected to reach nearly $1trillion in transactions by 2017.