Patent makes vending 'two-way' communication
Portland, Ore. – Mobile payment company PayRange has been issued a U.S. patent for technology that sends machine events to a mobile device to notify users of the status of the transaction.
This is particularly useful to communicate with consumers when an error has occurred during their purchase, the company said in a news release.
"Virtually everyone who has ever used a vending machine has lost money at some point," stated Paresh Patel, founder and chief executive officer of . "It's kind of expected, but it doesn't have to be. We're reinventing the entire purchase experience and creating new innovations to make paying unattended machines easier."
PayRange, backed financially by leaders in payment, has invested significantly in research and development over the past few years.
With this patent, the company is able to provide a two-way status communication back to the mobile device to inform the user of events related to the transaction.
The technology also can be applied beyond vending to expand experiences with kiosks, self-service checkout terminals, automated retail and payment for the Internet of Things.
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