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AUTOMATED VENDING TECHNOLOGIES, INC. (AVT) -2013
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AUTOMATED VENDING TECHNOLOGIES, INC. (AVT) -2013
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Last modified
6/13/2022 9:57:11 AM
Creation date
2/26/2014 9:03:20 AM
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Contracts
Company Name
AUTOMATED VENDING TECHNOLOGIES, INC. (AVT)
Contract #
A-2013-091
Agency
PARKS, RECREATION, & COMMUNITY SERVICES
Council Approval Date
6/17/2013
Expiration Date
7/1/2014
Destruction Year
2019
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Cashless Payment Systems - Speed, <br />Convenience, Customer Preference <br />No Cash? No Problem! The Cashless Vending payment option enables the <br />acceptance of credit and debit cards on your existing machines. <br />VISA t : DISCOVER' *,. ; r�vpass yam, � e%prM)O, <br />allows you to: C&SHMYINWO <br />• Capitalize on America's ffU4Wrt <br />preferred form of payment <br />More than 75% of adults have a debit card <br />• Give customers the added convenience of another way to pay <br />• Cut transaction time as much as 50% when compared to cash/coin <br />• Increase customer satisfaction <br />Increase prices without losing sales <br />• Complete multiple vends in a single transaction <br />• Increase revenue <br />43% of vend transactions greater than $3.00 were debit/credit <br />It's the customer that counts <br />AVrs; cashless <br />vending commenced in January <br />�m,anmr�a. «, r.•a� <br />2007 with So clients. According <br />' <br />kf <br />to survey data, there has been <br />•. <br />z <br />y <br />a measurable positive financial <br />impact (see graph), in addition, <br />based upon direct client <br />@ <br />feedback, this amenity enhances <br />.,,. <br />i`^"� <br />f"` <br />the overall service level and <br />increases customer satisfaction. <br />Following is a sample of client responses to survey questions: <br />"Employees are very happy with cashless vending because hardly anyone <br />carries cash anymore." <br />"Customers purchase more vended products because of the <br />convenience." <br />"Employees use vending more, therefore creating increased revenue." <br />"(There are) not as many requests for refunds." <br />
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