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Money20/20 Recap: The Future of Money is Now

For years, Money20/20 has hung its hat on defining what the financial industry considers to be the “future” of money. For most of the recent past, this has encompassed themes such as increasing consumer adoption of new digital currency and mobile wallets, or emerging ecosystems linked to any form of online payments, and even hypothetical or newfangled technologies that could keep transactions and consumers safe and secure. And just as topics such as bitcoin, Apple Pay and facial recognition were starting to feel a bit dusty… the conversation flipped. (more…)

The Future of Payments : Goodbye Cash, Hello Virtual Payments!

Remember the old saying, “Cash is KING?” Well, we are in a time where cash is really no longer king anymore and things like credit or debit cards, digital wallets and even apps are taking over the ways in which consumers pay today. If anything, cash has become a pain to deal with, regardless if you are a consumer or a retailer. While cash may not completely go away in 5 years, it certainly may be on the road to extinction when we look at the new cutting-edge technologies that could be reality in the foreseeable future. (more…)

Optimization – What does it mean to optimize your vending operations?

You may think it’s a “buzz” word in the vending industry today, but what does it truly mean to optimize your vending operations? According to the Merriam-Webster dictionary, optimization is defined as: an act, process, or methodology of making something (such as a design, system, or decision) as fully perfect, functional, or effective as possible; specifically: the mathematical procedures (such as finding the maximum of a function) involved in this. (more…)

3 Ways to Scale Your Micro Market Business

One of the biggest challenges operators face today in the micro market segment is how to grow fast, but efficiently. It’s scary to want to install more micro markets at a rapid pace when you know that you have challenges managing inventory, shrinkage, or product waste in your existing locations today. How do you justify adding more to that uncontrolled environment? Well, here are 3 ways to scale your micro market business effectively and efficiently with Seed Markets, by USA Technologies. (more…)

K&R Services Reaches New Operational Efficiencies with Seed Markets

As micro markets continue their reign as the fastest growing segment in unattended retail, operators are hustling to find new ways to manage their growing markets business to keep up with this expansion. With hundreds of SKUs and unique inventory challenges, operators are seeing an increasing need for a specialized solution created specifically for micro markets.     (more…)

The Next Generation of Technology – A Recap from The NAMA Show

Today’s convenience world is changing, allowing operators to connect with their customers in new, unique and dynamic ways. At the 2018 NAMA Show, Brian Fischer, National Sales Director at USA Technologies, had the opportunity to serve on a panel talking about the latest trends in technology and what is on the horizon with the ever-evolving consumer demand. In case you missed it, we wanted to provide a recap of some important takeaways for every vending operator to consider. (more…)

5 Ways to Increase Consumer Engagement at Your Micro markets

What if your regular office vending machine came alive with more fresh food options, open product shelving and automated payments deducted from your payroll for products purchased? Wouldn’t it make break rooms so much more inviting? Micro Markets, an unattended retail concept, do just that! They are most often found at larger workplace locations with employee populations above 125. Micro Markets are the fastest growing segment of the larger foodservice channel, having seen an unprecedented growth in revenue of 154.1% from 2014 to 2016. In order to install and grow your micro markets, vending operators will have to engage the workplace demographic. Here are 5 ways to build consumer engagement at Micro markets: (more…)

4 Proven Steps to Launching New Products in Micro Markets

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When you install micro markets you never want to just set them and forget them, right? But how do you stay on top of bringing in new products without breaking the bank or taking up valuable space in your warehouse to find out later that it wasn’t selling? Below are four proven ways to test new products in micro markets that are sure to drum up excitement, help boost sales, and benefit the overall consumer experience at your micro markets. (more…)

Optimize Your Operations and Increase Revenue with DATA

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Over the past couple of decades, the rise in volume of transactional data available at vending machines coupled with the emergence and evolution of information technology have enabled vending operators to capture, analyze, and transform real-time operational data into actionable insights. Unattended retail operators are now able to leverage data to significantly improve route efficiency, inventory and machine management, and increase profitability. (more…)

Cash Accountability:  4 Ways to Increase Your Bottom Line (Part 2)

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In our blog post Cash Accountability: Common Challenges Faced by Vending Operators (Part 1), we discussed the challenges that operators face when it comes to Cash Accountability.  They included outdated and inaccurate “pencil and paper” accounting, internal theft, balancing cash accounts from hundreds or thousands of machines, and facing cash shortages because of not knowing how much cash you have on hand.  In this blog, we pick up where we left off and discuss steps you can take to ease these challenges and increase your bottom line with just five minutes per day per route. (more…)

Cash Accountability: Common Challenges Faced by Vending Operators – Part 1

Don’t worry, you’re not alone when it comes to facing the challenges that come with managing the cash coming in and out of your vending operation on a daily basis.  In a recent Cantaloupe Systems webinar, Jason Pardue, a consulting services manager at Cantaloupe and our guest, customer Jared Detwiler, Vice President of Operations for One Source Office Refreshment Services discussed how spending just five minutes a day, per route can increase your bottom line. (more…)

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