Vending Industry News & Articles

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Apr 4, 2014

PayRange Enables Cashless Sales In Non-Networked Vending Machines; Amusements And Other Payment Applications Abound

By: Paresh Patel

Vending Times, By Emily Jed : March 20, 2014

CAMBRIDGE, MA — Imagine a mobile payments system without the wireless costs — one that is designed to be the simplest and most accessible solution for vending, amusement and other self-service appliances of all kinds, including electromechanical equipment like bulk vending machines.Vending industry innovator Paresh Patel has not only envisioned such a solution, he’s bringing it to market. PayRange allows customers’ phones to handle the entire transaction process over their cellular networks, while using Bluetooth personal area networking to actuate the vend.

The PayRange founder and chief executive introduced the novel solution yesterday to a crowd of 600 senior executives from the payment industry during PYMNTS Innovation Project 2014 at Harvard University here. Until now, he explained, PayRange Inc. had been operating in “‘stealth mode’ under the code name VendNext.

 The turnkey PayRange payment system includes a Blukey hardware device for the machine along with a mobile app and transaction processing service for the customer. Consumers maintain a prepaid balance on their smartphones and use it to make payments at a variety of machines that can include vending, amusement, parking, transit ticketing and laundry equipment.

“The Blukey device works with virtually any vending machine made in the last 15 years, plus millions of other kinds of machines,” said Patel, a veteran vending operator and inventor of the VendScreen touchscreen interface for vending machines. “The route driver can install it in the field, with no need for a service tech.”

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The PayRange founder and chief executive introduced the novel solution yesterday to a crowd of 600 senior executives from the payment industry during PYMNTS Innovation Project 2014 at Harvard University here. Until now, he explained, PayRange Inc. had been operating in “‘stealth mode’ under the code name VendNext.

The turnkey PayRange payment system includes a Blukey hardware device for the machine along with a mobile app and transaction processing service for the customer. Consumers maintain a prepaid balance on their smartphones and use it to make payments at a variety of machines that can include vending, amusement, parking, transit ticketing and laundry equipment.

“The Blukey device works with virtually any vending machine made in the last 15 years, plus millions of other kinds of machines,” said Patel, a veteran vending operator and inventor of the VendScreen touchscreen interface for vending machines. “The route driver can install it in the field, with no need for a service tech.”

- See more at: http://www.vendingtimes.com/me2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=BE208E3EC58243E2970C25A8822864E4#sthash.s0YgD5uJ.dpuf

┬áPayRange founder and chief executive introduced the novel solution yesterday to a crowd of 600 senior executives from the payment industry during PYMNTS Innovation Project 2014 at Harvard University here. Until now, he explained, PayRange Inc. had been operating in “‘stealth mode’ under the code name VendNext.

The turnkey PayRange payment system includes a Blukey hardware device for the machine along with a mobile app and transaction processing service for the customer. Consumers maintain a prepaid balance on their smartphones and use it to make payments at a variety of machines that can include vending, amusement, parking, transit ticketing and laundry equipment.

“The Blukey device works with virtually any vending machine made in the last 15 years, plus millions of other kinds of machines,” said Patel, a veteran vending operator and inventor of the VendScreen touchscreen interface for vending machines. “The route driver can install it in the field, with no need for a service tech.”

- See more at: http://www.vendingtimes.com/me2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=BE208E3EC58243E2970C25A8822864E4#sthash.s0YgD5uJ.dpuf