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Vending machines slow to adopt credit card payments

July 26, 2012

Millions of people each year purchase snacks or drinks at vending machines around the country.

Millions of people each year purchase snacks or drinks at vending machines around the country. However, as fewer and fewer people carry cash, the need for these automated products to accept credit card payments is becoming more important than ever.

In a recent interview with the Times-Picayune, Refreshment Solutions CEO Marc  Whitener said that out of its more than 4,000 machines, just 233 had the ability to accept credit or debit card payments. He said his firm was working diligently to implement machines that had the advanced features.

“The industry has been slow to adopt credit cards,” Whitener said. “There has been some movement in this issue. We want to have more than half our machines accept cards by the end of next year.”

He went on to say that that one of the reasons the industry has been as quick to adopt the system was due to the high fees charged by credit card firms.

As more people rely on plastic and mobile payments, having the proper credit card terminal is more essential than ever.

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