 |
|
|
|
Yair Nechmad of Nayax gives a global perspective of cashless adoption, flanked by Paresh Patel of PayRange. |
The cashless revolution in vending has offered vending operators new opportunities to increase sales, improve customer satisfaction and reduce many of the costs associated with cash. But cashless is not the only technology vending operators have to consider to be competitive in today's refreshment services industry.
The different choices operators face in deciding which system to invest in, and in knowing how aggressively they need to transition to new technology, forces them to carefully examine their options.
A session during the National Automatic Merchandising Association OneShow in Las Vegas gave operators insight into the impact cashless payment and other technologies can have on their business and an overview of the different technologies.
|
|
|
| Payroll deduct becomes the preferred option in locations where it is available. |
|
Moderator Michael Kasavana, Ph.D., NAMA endowed professor emeritus, introduced the session, titled, "What's Trending in Vending, Coffee Services and Micro Markets." Kasavana noted at the outset that the industry is moving away from its legacy model of "reverse retailing" to what he calls "V-Commerce." Reverse retailing refers to having to first pay to receive a product. The term, "V-Commerce," by contrast, refers to virtual commerce, whereby machines enhance the interface between consumers, products, payment and even the equipment itself.
|
|
Crane Merchandising Systems and Crane Payment Innovations launched a new venture, Crane Connectivity Solutions, during the NAMA OneShow in Las Vegas.
By integrating the engineering and development efforts of the two businesses, CCS leverages Crane's full suite of software, wireless hardware and applications into a single entity.
"CCS was created with the philosophy that technology should simplify business," said Eric Kaled, CCS senior vice president and general manager. "Our portfolio of hardware, software and connectivity services will give operators unprecedented visibility to their business processes, enabling them to make quick, informed decisions while improving their efficiency and profitability."
|
USA Technologies Teams With Ingenico Group On EMV Cashless Solution
|
|
|
USA Technologies Inc., a payment technology provider of cashless and mobile transactions in vending, kiosk, parking and other self-serve retail industries, has teamed with Ingenico Group, a provider of payment equipment which has 32 million terminals in more than 170 countries, to launch a combined best-in-class cashless hardware and cashless payment services solution in the United States.
By offering Ingenico Group's payment hardware, USA Technologies' customers will have the opportunity to add an EMV contact solution to their cashless payment portfolio. In turn, Ingenico Group would be able to leverage USAT's Quick Connect or ePort Connect platform for use with its PCI v4-certified, EMV and
|
|
NFC/contactless unattended payment solution - the iUC285.
"At Ingenico Group, it's our goal to offer merchants the best payment solutions across a variety of verticals and provide consumers with fast, simple and secure purchasing experiences," said
Bruce Rasmussen, director of sales, strategic verticals, at Ingenico Group/North America.
|
Maste
rcar
d
has teamed with PayRange to allow consumers to buy beverages and snacks using the Masterpass wallet at vending machines across 300 cities in the United States and Canada.
Using the PayRange app on their mobile device, consumers can select the beverage or snack they want to buy and pay for those items safely and securely using Masterpass.
"Convenience is as important to consumers as personalization and customization," said Betty DeVita, chief commercial officer, digital payments and labs at Mastercard. "Paying with a mobile phone seems like such an obviou
s answer to a pain point that has existed for decades. Whether it's a physical card
or a tap of a phone, as mobile usage
becomes a way of life, consumers will expect all retail touchpoints to be as mobile-friendly as possible and all commerce experiences to be frictionless."
|
YOUR AD HERE 1-800-956-8363 - now reaching 9,971 emails
|
|
|
|
|
Your are receiving this information because you have expressed interest in vending, office coffee and/or
micro market self service industries. Sent to you by Vending Technology News 1-800-956-8363. |
|
|
|
|
|
