Vending

SandenVendo offers integrated swipe and vīv mobile cashless capabilities

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September 22, 2020

SandenVendo America, a vending machine manufacturer, has announced its V21 machine models now support dual cashless payment capabilities: integrated swipe and Vagabond's vīv mobile cashless payment capabilities, according to a press release.

The ability to support two cashless devices means that operators can promote health and wellness as consumers continue to opt for #TrulyTouchless selection and payment methods at an increasing rate across all unattended retail sale points.

"Now that our machines have dual cashless capabilities we can provide our customers and partners with a way to offer touchless selection and payment options to their accounts without the fear of missing out on traditional swipe, cash and coin sales," Joseph Lavook, SandenVendo vice president of sales and marketing, said in the press release. "We're proud to be the first major beverage machine manufacturer to enable dual cashless capabilities."

Installing contactless capabilities alongside a traditional credit card reader provides a touchless payment option without impacting the vending operation.

SandenVendo's dual cashless offering facilitates the entire spectrum of vīv's benefits. Adding vīv increases revenues because the populations of people who prefer either payment method are slightly different. Millennial and Generation Z consumers, who make up well more than half the U.S. workforce, prefer to use cashless mobile apps because they are faster, more secure and already a part of daily life as they order lunch, taxis or movie tickets.

Further, the addition of vīv helps operators create loyalty with consumers, enables remote price changing, dynamic pricing to boost sales during slow periods, vīv enabled product rebates, and comprehensive consumer engagement -— by knowing who is buying what, operators can invite consumers back and begin to optimize planograms to promote high-margin products based on individual preferences.