Campus Cards, College and University Identification and Security

New vending machine dispenses ready-to-use contactless payment cards and keyfobs

Sunday, September 26, 2004

Forget the hassles and time lags associated with traditional card fulfillment … an new vending machine takes applications, dispenses cards or tags, and encodes them for instant use. After nearly three years of development, Accelitec is about to unveil the AcceliStation, the first self-service automated transponder dispenser.

AcceliStation looks, and operates, like an ordinary vending machine, only this one will spit out an RFID-enabled, stored value contactless keytag or fob that can be used, in place of cash, in the store where the fob is obtained.

There are 913 words in the rest of this article …

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USA Technologies announced that it has delivered more than 20,000 ePort cashless payment terminals to customers under its JumpStart program.

JumpStart was originally launched in January 2010 to help vending operators and bottlers acquire USA Technologies’ ePort EDGE cashless terminal at no cost, paying only a monthly service fee and avoiding the need to make a major upfront capital investment. According to USA Technologies, the ePort EDGE is the only one-piece cashless reader and controller combo on the vending market with PCI Level One compliant security.

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While new high-tech vending machines are being released with options such as touch screens, nutritional information displays, wireless coin dispensers, stock monitors and biometric payments, some feel the idea of moving forward with biometric-based payments on the devices may not work yet, according to a Retail Solutions Online article.

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The Smart Card Alliance Transportation Council is holding a meeting on open standards payment for public transportation in New York City on September 22 - 23.

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Companiesandmarkets.com has released a new report providing statistics on market size, competitor market shares and forecasts for the Japanese payment card market.

The report, “Payment Cards in Japan,” also provides an overview of regulation, competitor activities, issuer strategy and product innovation, including developments in contactless, mobile payments, online and prepaid cards up to 2014.

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MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

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The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

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Cardsmith