Characteristics of modern vending machines

Electronic payments is moving vending machines out of the gumball era. About half the vending machines in the United States are still cash-based; a sad reflection on the industry’s slowly modernizing technology. The technology gap extends far beyond payments, however, lagging in user interfaces, machine management, inventory management, merchandising, etc. Exciting technologies and applications are available for vending machines. The question is whether these will be deployed in time to grow the industry or whether some surprising competition will present itself that is better positioned for success.

PayPal launches "Business in a Box" service for small firms

PayPal has just unveiled a new service, called "Business in a Box" designed specifically for small firms. The service brings together a range of tools aimed at helping small firms start and run their online operations.

PayPal says that the service will benefit entrepreneurs setting up a business for the first time as well as firms looking to make a move onto the Web, making it easy to access a range of tools all tied together from a PayPal Business account.

Retailers are refusing to invest into the payments sector

From Paymenteye –

“Over half the world’s retailers are refraining from investing into their payments strategies due to overwhelming security concerns, a new study shows.

According to the first half of a study conducted by payment solution firm ACI Worldwide, virtually all of the retailers (93 per cent) who took part in the survey believed that consumers want a broader choice of payment tools.”

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Detailed Guide to Mobile Payments: Digital Wallets

From The Financial Brand –

“According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer's wallet is so intense.”

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Are people scared of mobile payments?

From Tech Republic –

“New data shows that consumers are not adopting forms of mobile payment. That's not good news for Apple Pay or Google Wallet.

Recently some data points came to light that shed some interesting facts on the realm of mobile payment acceptance. That data very simply points to the fact that consumers are not adopting forms of mobile payment.”

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