The European Vending Association has published its cashless position paper which sets out the requirements needed to increase the uptake of contactless payment systems in vending machines. The paper is targeted at credit card and banking institutions.
Through this paper, the EVA says it hopes to break the deadlock with banks on transaction costs and see an increase in the number of contactless devices installed in vending machines.
The paper provides an analysis of credit, speed, pricing, technology, horizontal compatibility, feedback, simplicity, certification and communication and has been drafted by EVA’s Cashless Committee chaired by Jürgen Göbel, Hypercom product manager. The committee is composed of representatives from vending, payments systems, operators, machine manufacturers and telecom operators.
A recently published EVA study shows that coffee consumers are more frequently choosing a vending machine instead of a coffee shop. Adding contactless capabilities to a vending machine would increase that trend.
Through EVA’s cashless vending standards, published this year, technical guidelines have been established for manufacturers and operators on the design and implementation of cashless payment devices in vending machines.