Campus life just got easier for the 21 million students
throughout the United States currently enrolled in colleges and universities.
Net Element, Inc. (NASDAQ: NETE), through a newly announced strategic
partnership with TAS Group, is preparing to begin promotional campaigns for TAS
Campus, a Europay, MasterCard and Visa (EMV) chip-enabled prepaid solution to
campus-related expenses. Through the agreement, Net Element expects to open the
door for a powerful multi-application payment solution for both students and
faculty.
“The TAS platform opens new and exciting possibilities that
will make payment acceptance systems more user-friendly,” stated Oleg Firer,
Chief Executive Officer of Net Element. “On college campuses for example,
students can be issued a multipurpose card that does it all: payments,
identification, RFID and controlled access – with additional capabilities for
mobile wallet and wearable devices.”
An EMV-enabled solution could have a revolutionary impact on
university living expenses. Today, most universities turn to meal plans as a
way to allocate money for food, particularly for freshman and new students.
According to the Money for College Project, these plans cost students an
average of $1,600 per semester, which works out to approximately $10 for each
meal. In addition to the high cost, these systems are often severely limited by
their usability. Whereas campus cards may be accepted at one or two off-campus
locations, a switch to an EMV-enabled solution would open the door for
acceptance at nearly any restaurant or store, providing students with the
potential for substantial savings throughout their expensive studies.
In addition to the added convenience factor, there is
serious upside to consider when combining a payment solution with an identification
card. According to Scambusters, college students are primary targets for
identity theft, because their credit reports are normally blank slates with
relatively easy access to new accounts. By harnessing a single multipurpose
card for identification and payments, students would immediately gain an extra
level of protection in the event of a dishonest roommate or misplaced wallet.
There’s little doubt that TAS Campus could make major waves
in the current payment ecosystem of the country’s colleges and universities. As
Net Element continues to grow in vital markets around the world, strategic
partnerships such as this could provide the opportunity for significant returns
for shareholders in the months to come.
For more information, visit www.netelement.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
