Networks Begin to Make a Case for Cards at Vending Machines
Digital Transactions previews an upcoming story about cashless vending, touching on the general trend towards higher ticket sizes at vending machines.
Currently, no more than 3% of the 8 million vending machines deployed in the U.S. accept credit cards, according to Michael L. Kasavana, a professor in hospitality business at Michigan State University. That figure is expected to reach 50% in 2009, says Kasavana.The article says that vending machines generate about $45 billion in sales annually, according to London-based Research firm Mintel International Group Ltd.
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