Vending machines and unattended retail are increasingly going digital. Worldnet CEO Will Byrne tells PYMNTS why the future for kiosk payments remains ‘very bright’ as intelligent retail leverages AI and the convenience factor to gain consumers’ favor.
When rideshare companies like Uber first hit cities, they shook the traditional taxi industry. The value of taxi medallions, or permits to operate taxis, dropped drastically, and lenders that served the industry struggled to stay afloat. Taxis offered professional drivers an established service model...
Unattended stores are backpedaling on their cashless policies, since some nine million unbanked households are put at a disadvantage when cash is foregone. The city of Chicago, though, is bringing the best of both worlds together. In the latest Unattended Retail Tracker, First Deputy Comptroller...
Vending machine operators have become increasingly attentive to the demand for swift digital payment options, and have benefitted from significant sales growth after enabling cashless payments. However, for the 8.4 million unbanked U.S. households, retailers that enable digital payments while dropping cash are less than convenient....
The rise of smart vending machines is helping unattended retail get a new lease on life, changing everything from the way we browse shelves to the way we pay for the daily commute work. At the laundromat, the clunk of coins may disappear. Worldnet Payments...
Worldnet Payments has completed the EMV certification of the ID TECH VP5300, an unattended card reader, the company said in a release. The VP5300 is a device that has low power consumption but is also durable and easily takes EMV payments. It can be used...
More than 75 percent of loyalty program members say the offerings make them more likely to be repeat customers. But for many unattended retailers, establishing that connection can be challenging — if not impossible, says Justin Ning, ID TECH’s VP of product management. In this...
Vending machines and retail kiosks are becoming more advanced as solution providers introduce new technologies and retailers implement the solutions to sell a wider variety of products, including high-end goods and even controlled substances like alcohol. But as retailers work to expand vending machines’ product...
Offering two-day delivery is the new standard — yet, even that isn't fast enough for consumers who want to buy products on the go. Automated stores are helping eTailers bridge this gap, says Swyft CEO Gower Smith. In this month’s Unattended Retail Tracker, Smith tells...
