New Vending With Contact-Less Technology
Retailers are supposedly the biggest competitors of the vending industry. Its been hard for the vending industry to keep us with them but the latest technology might just be the key towards a better future and boom for the vending industry. But with this technology you cannot have any cash transactions.
Think about going to shop without your wallet or your credit or debit card. Yes, this is the latest contact–less vending technology. Cashless and contactless: This type of vending is a relatively new phenomenon in the vending industry. In contrast, gasoline retailers and toll road operations have been using the technology for over 10 years now.
It is actually not as complex as you might think at this point. Contactless transactions simply require a plastic card, flexible tag, mini-card, or key chain fob embedded with a microchip to pass within the proximal range of a device reader. There is no direct contact or line of sight needed. All you need to do is to place the card in close proximity to the Planet Antares vending machines for the transaction to happen.
Studies have shown that this form of payment can be authorized and executed up to 53% faster than credit card transactions and 63% faster than cash payments which results in more transaction volume for the Planet Antares vending machine operators.
In 2005, there were 13,370 domestic restaurants that accepted contactless, cashless vending. Implementation of this technology at fast food restaurants showed a reduction in purchase transaction time that was sufficient enough to impact the restaurants ability to support a higher volume of transactions.
Consumer preferences are also shifting towards contactless payment systems. This is the perfect opportunity for the vending industry to bring the business up to date with new trends. This will lead to greater revenue through flexible payment options for customers. No doubt, this will bring in more profits for your Planet Antares vending business.
Think about going to shop without your wallet or your credit or debit card. Yes, this is the latest contact–less vending technology. Cashless and contactless: This type of vending is a relatively new phenomenon in the vending industry. In contrast, gasoline retailers and toll road operations have been using the technology for over 10 years now.
It is actually not as complex as you might think at this point. Contactless transactions simply require a plastic card, flexible tag, mini-card, or key chain fob embedded with a microchip to pass within the proximal range of a device reader. There is no direct contact or line of sight needed. All you need to do is to place the card in close proximity to the Planet Antares vending machines for the transaction to happen.
Studies have shown that this form of payment can be authorized and executed up to 53% faster than credit card transactions and 63% faster than cash payments which results in more transaction volume for the Planet Antares vending machine operators.
In 2005, there were 13,370 domestic restaurants that accepted contactless, cashless vending. Implementation of this technology at fast food restaurants showed a reduction in purchase transaction time that was sufficient enough to impact the restaurants ability to support a higher volume of transactions.
Consumer preferences are also shifting towards contactless payment systems. This is the perfect opportunity for the vending industry to bring the business up to date with new trends. This will lead to greater revenue through flexible payment options for customers. No doubt, this will bring in more profits for your Planet Antares vending business.
Labels: planet antares, planet antares vending
posted by Chris Wick at
10:47 AM
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