PepsiCo To Install Cashless Readers At University Of Florida

PepsiCo will add credit, debit and Gator 1 card readers to 200 vending machines on campus at the University of Florida in Gainesville, Fla. Students using their Gator 1 vending accounts at the machines will receive a 12-percent discount, according to The Independent Florida Alligator, the student newspaper. 

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Editor’s Insight: This is not a small investment for PepsiCo. The company clearly believes the return justifies the investment.

Some vending industry observers bemoan the slow rate of adoption of cashless technology.

Slow as it may be, the pace of investment in cashless is gaining speed as more vending operators find customers receptive to cashless. 08-25-11 by Elliot Maras