ROLLING MEADOWS, IL -- Craig Hesch of A.H. Management Group reports that his company has adopted the National Automatic Merchandising Association's Cashless Solution program. Hesch is also serving as board chairman of the association.
Hesch is one of several NAMA operator members who have announced their support of the program. NAMA press releases proclaim significant savings that could help pay for association dues and travel expenses for trade shows. Hesch expects his company, based here, to experience "significant" savings in its foodservice and OCS divisions. He says the program has saved enough money to cover association dues and the expense of sending staff members to NAMA's coffee and water show in the fall.
The Cashless Solution program, formally launched at last year's inaugural OneShow, is a partnership between NAMA and Bank of America Merchant Services (BAMS). It is designed to offer favorable rates for wireless communications and cashless transaction processing. It can be configured as an extension of an already-installed remote monitoring system or as a standalone application.
NAMA explained that BAMS leveraged its broad knowledge of card brand rules and regulations to customize the program specifically for NAMA members across various industry segments, and was able to negotiate exclusive rates.
The cashless program is a hardware-neutral networked end-to-end solution that works with qualified communication suppliers and card associations for payment reconciliation and account management. The association also is working to provide members with a broad range of preferential financial services.
NAMA executive vice-president and chief operating officer Dan Mathews reported that Hesch's experience is not unique; a number of association members have hailed the savings effected by the program.
Dean Gilland, NAMA vice-president of sales and service, suggested that members who are currently accepting credit cards, or plan to do so in the future, visit vending.org to see how the NAMA Cashless Solution program might lower their costs and increase your sales and profits."
Operators wishing to compare their current programs, understand the details of the NAMA solution and calculate prospective savings can go to the NAMA website, click on "technology, cashless solutions" and use the links at the left. (Or click here.) Inquiries also may be made to BAMS by calling (888) 317-0971.