Apriva reports continued strength in cashless vending
November 18, 2011, Scottsdale, AZ – The Apriva Vend cashless payment solution experienced strong adoption rates during the third quarter of 2011, Apriva reported.
Apriva Vend activations rose approximately 24 per cent compared to the previous quarter. Activations were consistently strong in both the bottler and independent operator sectors.
“We’re very pleased with the traction that Apriva Vend has been generating,” said Rinaldo Spinella, Apriva’s executive vice-president for unattended payments. “Every week, we talk with more and more operators who recognize the intrinsic value which card-based payments acceptance brings to their businesses. We see no signs that this trend is abating, and have every expectation that our growth will only escalate in 2012.”
According to Spinella, Apriva Vend’s growth has been particularly strong among independent vending operators, indicating that cashless vending technologies are steadily gaining broad acceptance in the market.
"While the major bottlers have been long-time advocates for cashless vending, independent operators have historically been much more cautious about deploying these solutions,” explained Spinella. “We’re starting to see a significant shift among independent providers, who are beginning to appreciate that cashless vending offers a viable option for increasing sales, expanding margins, lowering operating costs, and improving profitability. In a commoditized and price-compressed industry like vending, it is a message that is beginning to resonate.“
Apriva Vend gives operators the ability to cost-effectively integrate cashless vending into their operations to improve customer satisfaction and increase operational efficiency. Apriva Vend’s comprehensive service is designed to incorporate system hardware and software, wireless connectivity, transaction and alarm reporting capabilities, and integration with leading payment processors and financial institutions.