There’s a new FanWise technology that was introduced this week which allows vending or arcade games to get paid by a Tweet or a Facebook post.
"This is important because now consumers can enjoy a new cashless payment solution at your machine. And it's not one they need to learn,” Brett Circe, FanWise, LLC, president said. “FanWise leverages a behavior social media users already practice daily...posting to Facebook or Twitter...and provides the individual with a cash value for their update that can be used to buy goods instantly at your machines."
The money for the "cashless vending" is provided by products and brands who sponsor the social media message. FanWise will then reimburse the operator the price of the goods plus a 5-cent commission for the transaction. So revenue increases with each item sold, despite the cashless payment.
Over the next year, FanWise plans to roll out its social media technology across the country which include: New York, Los Angeles, Chicago, Philadelphia, Dallas-Ft. Worth, San Francisco-Oak-San Jose, Boston, Washington DC, Atlanta, Houston, Detroit, Phoenix, Seattle-Tacoma, Tampa-St. Pete, Minneapolis-St. Paul.
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