Credit and Debit cards are becoming the preferred method of payment instead of cash. â€œIn 2003, debit and credit card swipes numbered more than 34 billion in the United States. Experts predict that by 2010, card transactions will surpass those made by cash and checks combinedâ€ (ABC News). Bases on this information if would make sense for MasterCard and a Philadelphia Coca-Cola bottler to begin to equip over 1,000 vending machines to have the ability to accept credit, debit cards and MasterCard's PayPass.
The machines also hosts a contactless technology that uses radio frequencies to transmit payment details between the card and the sensor. So no signing or swiping is required. Both Visa and American Express have contactless cards similar to MasterCard's PayPass and all have plans to include this technology in cell phones, subway systems, cabs and much more.
Stats for Plastic Is The New Paper For Vending Machines
Trending: Older & Mild
Research: 3,853 clicks in 510 w
Interest: 4 minutes
Concept: Plastic Is The New Paper For Vending Machines
Related: 53 examples / 41 photos
Segment: Neutral, 18-35
Comparison Set: 20 similar articles, including: number-based packaging, curated content marketing platforms, and optimizing smart watch straps.
Plastic Is The New Paper For Vending Machines
More Stats +/-
Curated Content Marketing Platforms
Optimizing Smart Watch Straps
Sweetly Surreal Photography
Cinematic Fantasy Notebooks