Planet Antares Incorporated | Planet Antares Vending | Planet Antares

A blog for people to know about how to manage and find information on vending business.

Wednesday, January 28, 2009

Planet Antares And Cashless Vending

In order to please your vending business customers, convenience is the key. The automatic merchandising industry will not let them down in the near future, especially with all the benefits that are offered by cashless vending. In full-line vending, it has become easier and quicker to implement cashless options with the help of telemetry solutions and electronic cash.

Meanwhile, an important part is that of credit card and bank card readers in the movement by telemetry providers to serve the automatic merchandising industry. Some industry veterans also argue that cashless transactions are not the most important advantage offered by telemetry. Actually, cashless systems do represent one of its obvious consumer benefits.

At the machine level, this trend will also enhance product accountability for Planet Antares vending machine operators. On the other hand, it will reduce liabilities associated with cash, and also enable faster transactions. All this will lead to enhanced customer convenience that will translate into higher sales, while improved efficiencies will result in a more profitable business.

With the fast changing lifestyle of consumers, faster transactions have gained more importance. The traditional meals have been replaced by “eating on the go” snacks and beverages. Planet Antares vending operators are now facing more competition from quick service restaurants, c-stores and speciality retailers for on-the-go dining.

Due to their limitations, magnetic stripe and smart card systmes are not being widely used in vending machines. Usually, these systems are provided by vending operators when requested to by an account.

On the other hand, credit and bank debit card systems can be used by anyone who carries them and this gives them the potential to become standard peripherals in the Planet Antares vending equipment.

Certain vending operators are of the view that card readers will increase the vending sales because they will encourage consumers to spend more money. The card purchase will leave an electronic trail of what was purchased, when and by whom.

On the whole, this will do a lot for the vending industry.

Labels: ,