Sunday , January 24, 2021

Vending

Apple Pay Promotions Yield 37% Increase in Vending Machine Sales, Says USAT

By Kevin Woodward@DTPaymentNews Vending payments specialist USA Technologies Inc. says promoting Apple Pay at the point of sale produced a 36.5% increase in overall sales and a 55.5% increase in revenue from contactless purchases. Malvern, Pa.-based

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USA Technologies Revenue Increases 30% and other Digital Transactions News briefs

• Payments-technology vendor Cardtek announced its Digital Enablement Platform for wearables payments. The platform relies on wearables chips from NXP Semiconductors and is aimed at integrating payment cards, transit tickets, and other services in wearable devices. Cardtek cites research from CCS Insight indicating there will be 411 million wearable devices …

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Venmo Airs Ads on TV and Online and other Digital Transactions News briefs

• USA Technologies Inc., a provider of wireless payment services for vending machines and other unattended merchant locations, reported $169 million in purchase volume on its 429,000-location network in the fourth quarter of fiscal 2016 ended June 30, up 50% from a year earlier. Transaction volume hit 89 million, up …

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Uber and Visa Debut Local Offers Program and other Digital Transactions News briefs

• Shift4 Corp. announced it is among the first payment gateways to introduce a software update to support the various quick-chip solutions from the major payment brands for faster EMV chip card transactions. • Uber and Visa Inc. launched Uber Local Offers, a program that enables Uber riders to earn …

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Contactless Payments Specialist PayRange Taps Into the Canadian Vending Market

PayRange Inc., a specialist in contactless payments for vending machines, is making good on $12 million in funding it raised last year with a couple of contract announcements. Portland, Ore.-based PayRange said Monday the Canadian National Vending Alliance, a coalition of large vending operators in Canada, will equip all vending …

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Apple Pay Boosts Vending Revenue and other Digital Transactions News briefs

• Visa Inc.’s Canadian unit posted an “open letter” in Canadian newspapers Thursday to protest Wal-Mart Stores Inc.’s plan to stop accepting Visa cards in its 400 Canadian stores beginning July 18 because of allegedly high acceptance costs. “Wal-Mart has initiated a public flight—something we never wanted—as they are using …

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Bitcoin Value Rallies As the Digital Currency Closes out a Promising Year

By John Stewart The Bitcoin digital currency is surging again. Factors ranging from the collapse of the Chinese yuan to the supposed unmasking of Bitcoin’s inventor have helped push the controversial currency’s price up 15% in the past week, to a close at $415.25 on Thursday, according to data compiled …

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How the Spread of Digital Payments Is Driving Online Links for Remote Devices

The increasing penetration of digital payments worldwide is helping drive conversion of point-of-sale terminals, vending machines, and parking meters from standalone devices to connected machines, according to a report released Tuesday by Berg Insight, a Gothenberg, Sweden-based research firm that follows the wireless market. Worldwide, Berg forecasts the number of …

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With New Funding, PayRange Targets Contactless Payments in Vending Machines

With $12 million in new funding, PayRange Inc. wants to place more of its Bluetooth-equipped dongles inside vending machines to enable more consumers to make contactless, and cashless, payments. The funding, announced Thursday by Portland, Ore.-based PayRange, will be used to expand its staff and increase the number of PayRange-equipped …

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USA Technologies’ Network Volume Grows 28% While Its NFC Base Expands

Unattended-payments provider USA Technologies Inc. (USAT) said its revenues increased 47% to $15.4 million in fiscal 2015’s third quarter ended March 31 versus $10.4 million year earlier as connections and transaction volume in its wireless network rapidly increased. Malvern, Pa.-based USAT on Monday said its network handled 54.8 million transactions, …

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