Contactless Payment Solutions
Cashless transactions are gaining traction in the vending industry. The next level of convenience has come in the form of contactless cashless payment technology. This is where purchase transactions are conducted with the wave or tap of a plastic card, flexible tag, mini card or key chain fob, but not the swipe of a magnetic stripe. When this takes place, the transactional data is exchanged through contactless linkage with a specially designed radio frequency equipped device.Field testing has shown that, the transmission and receipt of radio signals that occur between a contactless credit card and radio frequency identification (RFID) enabled vending machine reader can increase sales by boosting transaction speed as well as customer satisfaction.
This kind of made of payment is aimed at traditional cash only merchant locations where fast customers become essential. These are places like quick service restaurants, vending machines and gas stations.
Consumer habits are changing in of favor cashless payments. Contacless payments allow buyers to wave more and swipe less. As an account holder, all you have to do is simply wave or tap payment media near or on the reader mounted on the vending machine and the transaction will be automatically initiated and accomplished.
If you have a Planet Antares vending business, you will always be looking for ways to improve your machine services so that your revenues can increase. Contactless technology can help you achieve this, since it can contribute to enhancing consumers’ perception of vending. This together with new product offerings and convenient methods of payment will certainly boost your revenues.
Using a contactless transaction, the Planet Antares vending consumer will enjoy faster transaction speeds, while the vending operator will have the luxury of reduced cash management and increased average purchases, which is usually reported at 15 to 20 percent. Cashless transactions have positively influenced speed and convenience in vending machines. Contactless technology can take your Planet Antares vending business to the next level.
Contactless payment technology will increase speed and convenience for the vending customer. This will help innovative Planet Antares vendors gain a competitive advantage in the market place.
posted by Larry Bunker @ 8:07 AM
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