NEWLY REVISED for 2016!
Dr. Kasavana’s popular Technology White Paper Series has been updated with the latest information. Each White Paper delivers insights and information to help you leverage the latest technology for your business.
Four newly revised White Papers:
Data Interchange Standards Since the DEX (Digital Exchange) standards were introduced into the vending industry, the transfer of data, including figures analyzing Cash Meter Sales, Vend Count by column, price sets for columns, the value of coins in the coin box and the value of bills in the stacker, is easier than ever. The DEX standard was chosen as the foundation for the Vending Industry Data Transfer Standard (VIDTS) in 1990, when the Vending Industry came together with NAMA to create a communication standard to allow Vending Machines to communicate their transaction information to handheld computers. (2005 Title: Understanding MDB, DEX and DTS)
Cashless Operations Cashless vending has a strong future and fully supports the emerging technological development of these systems for sale to the industry. The more information we can provide operators the faster they can adapt and implement cashless vending options in their businesses. Speed, convenience, accountability and security are just a few of the advantages of cashless vending along with the potential for higher price points and increases revenues for operators choosing to implement this technology. (2005 Title: Cashless Vending)
Remote Machine Monitoring Technology suppliers have introduced remote machine monitoring (RMM) applications that enable telemetry communication using wired and wireless networks as well as web-based interactive analysis to increase profitability by reducing out-of-service machinery and product stockouts, improving cash and cashless transaction processing, and rapidly notifying operators of machine events. In other words, operators can to retrieve DEX and other data from vending machines equipped with RMM technology. RMM is a logical enhancement to vending management software as it includes real-time data processing for current, accurate, and timely reporting. There is probably no vending technology application with greater potential for return on investment than RMM. (2006 Title: Remote Machine Monitoring)
Industry Methods of Payment The three most prevalent payment devices found on vending machines and micro-market kiosks are the coin mechanism, bill validator, and credit/debit card reader. Today there are additional settlement options including payroll deduction and biometrics. Mobile payments have been shown to generate a faster transaction throughput than fixed payment transactions while also providing distribution of real-time marketing messages. Unlike traditional commerce, mobile commerce (m-commerce) allows management to more directly connect with consumers through multiple touch-points. (2007 Title: Coins and Currency Payment Systems)