Tuesday, June 17, 2008

Planet Antares Vending Machines Offer Contactless Payment Solutions

Cashless technology is gaining popularity in the vending industry. The next level of convenience has come in the form of contactless and cashless payment technology. In such a scenario, 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 happens, the transactional data is exchanged through contactless linkage with a specially designed radio frequency equipped device.

As per field testing, the transmission and receipt of radio signals that occur between a contactless credit card and radio frequency identification (RFID) enables Planet Antares vending machine reader can enhance sales by boosting transaction speed as well as customer satisfaction.

Such a mode of payment is aimed at traditional cash only merchant locations where fast customers are a critical business factor. These places include quick service restaurants, vending machines and gas stations.

The current customer habits are changing in favor of cashless payments. Contactless payments allow buyers to wave more and swipe less. As an account holder, all that has to be done by you is simply wave or tap payment media near or on the reader mounted on the vending machines and the transaction will be automatically initiated and accomplished.

As the owner of Planet Antares vending business, you will always be searching for ways to improve your vending machines services so that your revenue can increase. This objective can be achieved with the help of contactless payment technology since it can contribute to enhancing consumers’ perception of vending. Together with new product offerings and convenient methods of payment, this will certainly boost your sales and profits.

The Planet Antares vending machine customers will enjoy faster transaction speeds, while the vending operator has the luxury of lesser cash management and increased average purchases, which is commonly reported at 15 to 20 percent. Cashless transactions have definitely influenced speed and convenience in vending machines. Contact less technology can provide a competitive edge to your Planet Antares vending business in the marketplace.

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