PORTLAND, Ore.--(BUSINESS WIRE)--VendScreen, the leading developer of vending industry cashless payment technology, announced that the company’s retrofit touchscreen devices are verified to support Apple Pay, now available in iPhone 6 and iPhone 6 plus. Accepting Apple Pay will incur no additional costs for vending operators with current VendScreen touchscreen device installations, and no hardware upgrade is required. The update will be rolled out to all devices over the next several weeks.
“VendScreen touchscreen devices were engineered to be part of a payment technology ecosystem, enabling our customers to cost-effectively transform their existing legacy machines into intelligent, interactive retail outlets,” said Dave Grano, president and CEO of VendScreen.
The release of Apple Pay has sparked a renewed interest in mobile payments using Near-Field Communication (NFC) technology, which allows users to pay using their smartphones. NFC technology enables secure communication between a smartphone and a payment device with no physical contact. VendScreen currently has more than 6,000 touchscreen payment devices in use across the United States.
“We integrated VendScreen technology with Apple Pay to expand our support of mobile payment apps enabled by NFC technology, which already includes compatibility with Google Wallet and SoftCard,” said Grano.
Consumers are rapidly moving to cashless payment methods. According to a market research study conducted by Javelin Strategy & Research, the number of cash transactions by consumers is expected to drop to 23 percent by 2017. A majority of these cashless transactions are still enabled with credit and debit cards. VendScreen touchscreen devices accept credit and debit cards, and the technology enables operators to offer a modern, personalized purchase experience that provides consumers with the information and options they want, such as cashless payment, nutrition information, instant help and credit codes for refunds, all for about the same price as basic card swipe payment devices.
About VendScreen Inc.
Based in Portland Ore., and a graduate of the Wieden + Kennedy Portland Incubator Experiment, VendScreen Inc. is the industry’s leading manufacturer of retrofit touchscreen devices for vending machines. VendScreen devices are powered by a proprietary cloud-based computing platform that enables cashless transactions, dynamic product and nutrition information, on-screen promotions, and centralized remote monitoring. For more information, please visit www.facebook.com/VendScreen, or follow us on Twitter at @VendScreen.
