Tag Archives: Payment kiosk

Payment kiosks are interactive, self-service terminals that allow customers to make payments without needing to interact with a human cashier. They are becoming increasingly common in a variety of businesses, from retail stores and restaurants to transportation hubs and government offices.

Here are some of the benefits of using payment kiosks:

Convenience: Kiosks are available 24/7, so customers can pay their bills or make purchases at any time.
Speed: Kiosks can process payments quickly and efficiently, which can help to reduce wait times for customers.
Accuracy: Kiosks are less prone to errors than human cashiers.
Cost-effectiveness: Kiosks can help businesses to save money on labor costs.
Data collection: Kiosks can collect data on customer transactions, which can be used to improve business operations.
Here are some of the challenges of using payment kiosks:

Cost: Kiosks can be expensive to purchase and maintain.
Technical problems: Kiosks can sometimes malfunction, which can frustrate customers.
Lack of human interaction: Some customers may prefer to interact with a human cashier.
Overall, payment kiosks offer a convenient and efficient way for customers to make payments. However, it is important to weigh the benefits and challenges of using kiosks before implementing them in a business.

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Do cashless restaurants discriminate against the poor?

Fast-casual places are ditching cash for safety and efficiency. Critics say this shuts out poor people, some immigrants and those who just prefer cash.

Source: www.washingtonpost.com

The global cashless movement has reached Washington, where a growing number of fast-casual establishments and other spots are saying no to greenbacks in favor of plastic and mobile payments. Sweetgreen, the national salad chain founded by Georgetown University graduates, went cashless in most of its locations last year. Other cashless spots include a Menchie’s frozen-yogurt shop downtown, the posh Barcelona Wine Bar on 14th Street NW and the Bruery beer store at Union Market.

 

Soon, they may be breaking the law.

 

The decision to go cashless also has broader implications in the global battle between the credit-card and ATM industries.

Perhaps unsurprisingly, Visa has been a major booster of the cashless movement. The credit card company in March awarded 50 businesses $10,000 each for rejecting cash payments and has released reports touting the benefits of a cashless society.

 

 
Comments: This will be a very interesting fight over the next decade.  Governments obviously want no cash, as an all electronic economy means every transaction everywhere is known to it.

The push back due to the unbanked was quite predictable.  However, when you see a country like India has gone cashless in many spots — well, if they can figure out how to do it, we should be able to figure out how to do it.  I believe even poor countries in Africa have large cashless segments now.

This really is not a battle of if, but rather when.

Payment Kiosk – C Spire Chooses Source Technologies

Source Tech announced that the wireless communications unit of C Spire has selected its 6-Series BillPay kiosk for in-store bill payments. Source: www.businesswire.com With a footprint at just over one square foot, the 6-Series kiosk can be placed anywhere within C Spire’s retail store environments without impacting displays or foot traffic flow. The kiosk features industrial grade, long-life… Read More »

Payment Kiosk News – MoneyGram Wins Double Gold

MoneyGram (NASDAQ: MGI) has won two prestigious gold awards recognizing the company’s commitment to innovation at the 2016 PYMNTS Innovator Awards ceremony. The company won “Best Cash Innovation” for revolutionary kiosk solutions and also “Best Comeback Story” for MoneyGram.com‘s new state-of-the-art online platform.

 

Source: www.stockhouse.com

A very successful kiosk project with bill payment. Kudos to Kiosk Information Systems and all the partners. Key features include guest and repeat user experience, multiple languages, and minimal data entry for the customer. MoneyGram’s kiosks can be found inside more than 2,200 CVS locations in the U.S. as well as inside stores and post offices in Europe.

Shake Shack Not Going Cashless After All

Half the customers didn’t know how to order on the iPad, a Google commenter wrote

Source: www.eater.com

Here is some insight on cash in restaurants. Shake Shack backed off of it but still is working towards cashless. The CEO reasons are: 

 

Safety: We’ve mitigated the very real security risks associated with having large quantities of cash on-site, so we can become a safer place for our team and our guests.

Efficiency: We’ve streamlined our operations, eliminating cash-counting, and facilitating easier shift transitions (team members can jump on the register without the time-consuming security steps involved in cash-tray change-outs.)

Speed: Without handling cash and making change, we can serve more guests in far less time, meaning you spend less time waiting in line to place your order and pay.

 

Here is LinkedIn article from Meyer the CEO

https://www.linkedin.com/pulse/why-were-going-cashless-danny-meyer/

Payment kiosk – Story from Russia

Nice article on Russian industry that really took off. Excerpt: Russian fintech miracle — Payment kiosk Anna Kuzmina Follow Oct 24, 2018 · 5 min read Once upon a time in cold Russia of 2000 something important happened. A new payment system was born. It would soon dominate the whole country, become part of daily life of every single Russian, and spread across… Read More »

Text-to-Pay for Restaurants

Datacap and Dash Now enable Text-to-Pay (eCommerce transactions) alongside card-present payments for any Point of Sale via Datacap’s NETePay Hosted™ platform.  No hardware or mobile app required. Editor Note: This type of transaction is very common. Calling into order is likely the most common way of ordering.  We  order food regularly from restaurants and unless you are a loyal customer and… Read More »