FREMONT, Calif., March 26, 2020—Safetrust Inc. leading provider of virtual credential solutions, today announced a relationship with ACI Worldwide, a leading global provider of real-time electronic payment solutions and higher education cashless payments infrastructures, to provide colleges and universities with a convenient mobile payment solution. With Safetrust’s virtual credential technology, ACI customers can enable students and faculty to securely authenticate payment for dining areas, canteens and cafeterias with their mobile or wearable, eliminating the risk of lost or compromised ID cards.
Virtual credentials are a convenient solution for universities where people move about, use common terminals, adopt virtual desktops, or simply want an easier, more secure way to make cashless payments. ACI customers can dramatically increase the security of their end users’ payment data by offering a single secure, mobile credential that leverages the smartphones that students already have and know how to use.
“Using mobile devices to support daily function is now common practice. But this particularly strikes a chord with college students for whom the smartphone is perhaps the most prized possession,” said Jason Hart, Co-Founder and Chief Executive Officer of Safetrust. “With Safetrust’s virtual credential technology, ACI customers can provision virtual credentials to their students over-the-air, reducing the cost and time for deployment and offering a more secure and convenient payment option that students desire.”
Safetrust’s technology is designed to integrate directly with existing access control systems so administrators can manage both mobile access and key cards through their existing workflows. Deployment is fast and unobtrusive, allowing colleges and universities to offer support for mobile and their traditional student ID during the transition period. When combined with ACI Worldwide’s payments network, universities can improve the overall campus experience by making it easier for students to authenticate themselves for payments.
“Our consumer research as well as feedback from our higher education customers shows how important payment data security is on campus,” said Alexis Blackstead, vice president, product management, ACI Worldwide. “Our relationship with Safetrust will enable us to provide another way for universities and colleges to offer secure payment options in the channel that their students prefer — their mobile device.”
About Safetrust Inc.
Safetrust is the leading provider of virtual credential solutions for Enterprises, Commercial Real Estate, Small Business and Government Buildings. Powering connected workplaces around the globe, Safetrust gives employees, members and tenants frictionless access through secured doors, elevators, turnstiles and more using their smartphone or wearable, eliminating the need for PIN codes, passwords and traditional ID cards which are easily lost, forgotten or compromised. Migrate to a mobile access environment with Safetrust by leveraging your existing legacy infrastructure for the fastest deployment of Bluetooth Mobile Access on the market. With Safetrust, organizations are reducing the costs of traditional card deployment, creating seamless hands-free access experiences from lobby to desk, and providing additional information that allows organizations to better manage their Resources, Assets and People.
Founded in 2016, Safetrust is headquartered in San Francisco and has offices in Vietnam and Australia.
To learn more, visit: www.safetrust.com.
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software solutions delivered on customers’ premises or through ACI’s private cloud, we provide real-time, immediate payments capabilities and enable the industry’s most complete omni-channel payments experience.