MONTREAL -- Coin Acceptors Inc. (Coinco) showcased the new Arrow line of cashless and telemetry products for vending at the Canadian Automatic Merchandising Association's Expo 2011 at the Hilton Montreal Bonaventure here.
A show favorite was the CAMA Café, a display of vending equipment from various manufacturers equipped with Arrow Connect and smart reader systems. Visitors to the café were given a contactless card preloaded with a $10 credit that they were invited to use in the machines, and the installation experienced heavy traffic as showgoers redeemed their credits.
"Visitors to our booths were very impressed with the Arrow system," said Chris Stegehuis, Coinco's Canada general manager. "They commented on the attractiveness of the Arrow SmartReader and the easy-to-use Arrow Vision route management software."
Arrow is the trademarked name for Coinco and InOne Technology's cashless and telemetry system. The Arrow SmartReader accepts magnetic card, contactless (flash) and contact cards. It is designed to meet EMV (Europay, MasterCard and Visa) standards and is in the final phases of the approval process.
Coinco reported that Arrow is one of the most widely used cashless systems for vending in the world, with over 25,000 units installed internationally and more transactions processed on a global basis than any other vending or cashless system. Arrow Vision provides detailed reports on product sales, cash accountability and prekitting with dynamic scheduling. Coinco also presented a French version at the CAMA show.
"It was gratifying to see that the CAMA Café was the busiest place on the show floor," noted Coin Acceptors sales vice-president Ron Manne. "It was clear that the café card was simple to use with the Arrow SmartReader."
Gene Ostendorf, founder of InOne Technology, said the Canadian vending market is poised to explode with cashless payment.
"The new regulations from Interac ease payment for low-value transactions and the forthcoming mass mailing of bank cards equipped with flash (contactless) and contact will fuel the explosion," he explained. (The Interac Association is a Canadian organization that links enterprises which have proprietary networks so that they can communicate with each other for the purpose of exchanging electronic financial transactions.)
"Coinco's dominant position as a payment solutions provider to the Canadian market and Arrow's dominance as a global provider of cashless payments make it the obvious choice for Canadian operators," Ostendorf added.
Headquartered in St. Louis, Coinco designs and manufactures payment solutions for automated points of sale, including vending and amusements. Baltimore-based InOne Technology is a leader in vending machine technologies, including cashless, remote data collection, LED illumination and energy-saving devices, as well as DEX and replacement controller boards. Coinco acquired a controlling interest in InOne in April 2011. | SEE STORY