Cashless Solutions: Effective Models Are Emerging
Automatic Merchandiser › Vol. 49 Nbr. 4, April 2007
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Summary
Open cashless systems refer to standard debit or credit card accepting systems which can be installed in any vending machine to give consumers a common alternative to cash when purchasing goods from a vending machine. These are also "online" systems, but the central computer is the credit card issuer's bank. This article will reference these systems as standard credit/debit card systems.
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Extract
Cashless Solutions: Effective Models Are Emerging
Cashless systems have been available to the vending H industry in some form or fashion since the mid ^^ 1980s. These systems have offered a variety of ways for the consumer to purchase products from a vending machine without using hard currency, utilizing student ID cards, RFID keys, hotel keys, employee badges, and standard credit and debit cards. Some systems even allow the consumer to be identified using simply a PIN number or a fingerprint (like the security system built into my latest laptop).
Cashless systems have gained traction in several other market...See the full content of this document
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