Debit Card Payments: Welcome to edition 5 of Vending Insight, a regular feature from Planet Vending that focuses on today’s cashless, connected, IoT (Internet of Things) society. There’s no product news in Vending Insight and no stories about the providers of those products. On the contrary, it’s our intention to provide those vending operators, who are hungry for information on developing technologies, with some satisfying food for thought
This week, our first Vending Insight Guest Blogger, Matt Lane, MD of Vianet Connected Machines, comments on an aspect of this fast changing world and as usual, we’ll provide our Ten Top Links that will take you to stories that have appeared across the Internet. They won’t all be about vending: in fact, we’ll steer you, through these stories, in the direction the world is heading. We hope that Vending Insight will inspire you to investigate how to apply the features of cashless payments, data collection and connectivity to the advantage of your vending business.
Let’s Work In Harmony To Promote Our Sector! (Planet Vending)
‘Those of us whose occupations demand that we are ‘in the know’ when it comes to the future of vending are almost tearing our hair out at the apparent lack of urgency the industry is showing in terms of investigating the benefits incumbent in our new, connected world.’ Find out how Matt Lane thinks we should address this thoroughly modern issue, here.
Game Changer: Airlines To Support Video Streaming. (Aircraft Interiors International)
According to a new report, more than 23,000 commercial aircraft will be fitted with inflight connectivity systems by 2027, an increase from 2017’s figure of 7,400 aircraft. When it comes to connectivity, the sky’s no longer the limit… In flight info? Here.
Adopting Cashless Economy Can Help Rein In Tax Evaders (Business Daily)
There’s currently a shapr decrease in the use of cash in Kenya. To business owners, online mobile processing platforms curb revenue pilferage through elimination of physical cash handling but to policy makers they aid in tracking illicit economic activities such as money laundering. Unpredicted cashless consequences discussed HERE
Is Migrating Towards IoT Worthwhile? (Entrepreneur India)
‘The Impact of Connectedness on Competitiveness’ was based on a global survey of 350 executives from renowned global enterprises such as Airbus, Balfour Beatty, Philips Lighting, GE, Whirlpool and Hitachi, and concluded that almost one-third (31%) of the executives said that their organization faces a ‘major skill gap’ for IoT readiness. A perspective from India is here.
Nothing’s Going To Stop US Now. (CNBC)
The founder of Canadian Chain Shake Shack, Danny Meyer, is defending his restaurant group’s push into cashless transactions, saying ‘we’re unaware of any federal law that requires private businesses to accept cash’. Tough talking, HERE
Cashless Society Looms As Debit Cards Jump Into The Lead In The U.K. (The Independent)
‘UK Finance says card based payments outstripped cash for the first time in 2017, a year ahead of forecasts, but it’s important that people who still want to use cash aren’t left behind’, says The Indy, HERE
Unattended Retail Arrives In China (The Drinks Business)
Alibaba, the world’s biggest e-commerce company, has launched a cashier-less wine storage and retail facility in its home city of Hangzhou, enabling shoppers to purchase wines by the case without paying any cash or interacting with any sales staff. Alibaba also launched the staff-less and cashless Tao Café and ‘Futuremart’. Cashless is rising in the East, as you’ll read, HERE.
VoLTE, 5G, and XaaS – The Rise of Connectivity (UC Today)
In a digitally diverse world, where consumers and brands expect to be able to communicate with each other through a host of mediums in a matter of seconds, the demand for greater connectivity solutions has grown more significant than ever… HERE
How The Internet Of Things Makes Our World Better (Forbes)
Although much attention has been paid to consumer and business IoT applications, many people remain unaware of the ways in which the IoT is delivering positive economic and social impacts. Forbes is on the money again, HERE
IoT Is Building Higher Levels Of Customer Engagement (Forbes)
Forbes again! The IoT, through interconnected devices and strong data analytics, makes an entirely new level of customer surprise, delight and convenience possible. Good news? HERE
UK: Debit Card Payments More Popular Than Cash (BBC)
A total of 13.2 billion debit card payments were made last year, a rise of 14% on the previous year, according to banking trade body UK Finance. That outstripped the 13.1 billion cash payments made, as the use of notes and coins dropped by 15%. An estimated 3.4 million people hardly used cash at all during the year. We’re no longer talking about a cashless ‘future’… HERE
