Implementing a cashless payment program is a great investment that can increase efficiency, reduce identity theft and encourage consumer dollars to be spent within a local or campus economy. Cashless payment is convenient for patrons and helps keep costs low by eliminating debit and credit card transaction fees.

This function can be integrated into an existing ID card program with the use of magnetic stripe cards and corresponding readers. Magnetic stripe cards are an economical and secure solution to secure data transfer. Many ID card printers are capable of encoding during the printing process.
Cards are preloaded with funds by the card holder and swiped at the point of sales to instantly transfer of funds. Especially popular on college and business campuses, cashless payment can be used for parking, dining, text books, printing and equipment rentals. Additionally, parents can load student cards with money and track expenditures. It’s a great way for young adults to learn money management skills in preparation for financial independence.