Campus ID News
Card, mobile credential, payment and security
FEATURED
PARTNERS
Hand checking a box

High-tech identity verification replacing campus cards of student discounts

Wall Street Journal explores how companies are keeping non-students from lucrative student discounts

CampusIDNews Staff   ||   Aug 15, 2024  ||   

In the Wall Street Journal’s Money Briefing, campus cards and student discounts were front and center. The podcast titled, Companies Are Cracking Down on College Discounts for Non-Students, explored how possession of a student ID is no longer sufficient to get high value discounts from many national merchants.

Beyond local campus merchants, there are some pretty valuable discounts available to students, and many still try to get the discount after they graduate. But companies are working to make the process more difficult.

Apple, Amazon Prime, and Spotify all offer substantial discounts for streaming subscriptions.  Students pay just $5.99 per month – about 70% off – for Apple Music and Apple TV plus. Apple also offers “educational pricing” on computers and hardware. Amazon Prime is about half-price for students.

ShareID taps into more than 200,000 data sources including university registers verify if someone is actually a student or not. At times they even make use of facial recognition.

The reason companies offer the discounts is simple. They want to create customers for life.

According to WSJ Reporter Mengqi Sun, stats show that streaming services can retain more than 90% of student customers even after they graduate and have to pay full price.

But how do they stop those trying to game the system and not pay full price?

In the past, showing a student ID card or proving possession of a college email address was all you needed to get the discounts. But many campus cards don't have expiration dates, and institutions are making campus email addresses evergreen to facilitate a long-term connection to the institution.

So retailers are demanding more.

One example of how they are doing this is through an identity verification service called ShareID.

“(ShareID) taps into more than 200,000 data sources including university registers and other kinds of verification data to verify if someone is actually a student or not,” says Sun. “And sometimes a brand might require someone to submit using facial recognition or IP address to verify their identity.”

There are many other identity verification companies vying for this business, and it seems the trend toward stronger authentication is here to stay. It looks like the days of flashing a campus card or signing up for a service using a campus email address are numbered.

 

LISTEN IN AT WSJ.COM

 

Related Posts

Subscribe to our weekly newsletter

RECENT ARTICLES

Mobile credential buy-in video image
Dec 14, 24 / ,

Key steps to get buy-in for mobile credentials on your campus

  In this episode of CampusIDNews Chats we explore how to get buy-in for mobile credentials on your campus and lay the groundwork with your colleagues and administration. Our guest Tim Nyblom, Director of End User Business Development for Higher Education for HID Global, starts with the concept of university branding. But often the ID […]
Penn State Go mobile app
Dec 05, 24 / ,

Penn State moves to Transact Mobile Ordering

After years of experience and a variety of mobile ordering solutions, Penn State is transitioning to the Transact Mobile Ordering app. At the institution’s main location – the University Park campus – a number of dining locations have already launched the service. All on-campus locations will be up and running by spring according to an […]
Spreadsheet
Dec 04, 24 /

UConn card office's recently published budget shows declining revenues

Like other institutions, University of Connecticut students pay mandatory fees to fund various non-academic programs and services. One of these fees, UConn’s General University Fee, helps support the One Card Office as well as Recreational Services, the performing arts center, Student Activities, the Student Union, and more. The General University Fee for the 2024/2025 academic […]
CIDN logo reversed
The only publication dedicated to the use of campus cards, mobile credentials, identity and security technology in the education market. CampusIDNews – formerly CR80News – has served more than 6,500 subscribers for more than two decades.
Twitter

Attn: friends in the biometrics space. Nominations close Friday for the annual Women in Biometrics Awards. Take five minutes to recognize a colleague or even yourself. http://WomenInBiometrics.com

Feb. 1 webinar explores how mobile ordering enhanced campus life, increased sales at UVA and Central Washington @Grubhub @CBORD

Load More...
Contact
CampusIDNews is published by AVISIAN Publishing
315 E. Georgia St.
Tallahassee, FL 32301
www.AVISIAN.com[email protected]
Use our contact form to submit tips, corrections, or questions to our team.
©2024 CampusIDNews. All rights reserved.