Lent says touchless solutions were already proving convenient, and as campuses reopened with guidelines on spacing and contact they also helped students stay safer. The mobile credentials and apps took on greater importance as colleges and universities grappled with the COVID-19 pandemic. They can also buy meals, snacks and other essentials, anywhere on or around campus, using funds linked to Apple Wallet or Google Pay. The company’s platforms and services enable students to access buildings and events with their mobile phone or digital watch. The financial solutions and services offered by Transact facilitate $45 billion in transactions annually and serve 12 million students, according to its website. The company has expanded from providing tuition and other payment solutions for colleges and universities to other commerce and security solutions, including building entries, on-campus meals and even payments to do laundry. Transact was originally founded in 1984 and is headquartered in Phoenix. “We’re an intersection of all these cool technologies, we’re helping them build a formative relationship with technology in four crucial years.” Payment with a click “What I love about the career I’ve chosen is we serve a marketplace with tech-savvy users and early adopters of new ways of doing things,” he says. Taran Lent | Vice President of Product Development | TransactĪs vice president of product development for Transact, Lent is continuing 25 years of enabling colleges and universities to digitize and automate payment processing while making the basics of campus life easier for students, he says.
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