Credit card and financial company experts say that cashless vending machines, allowing consumers to pay for convenient snacks using a major credit card, will soon be on their way to America, according to an article by consumer reporter Nancy Castleman at DebtSmart.com ("Credit Cards Come to Vending Machines: Students and All Consumers Beware").
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Castleman writes that very soon, Philadelphia civilians and visitors will be able to buy their favorite Coke-based soft drink with their credit cards at about 1,000 different Coke vending machines spread throughout the state. She also writes that about half of all the vending machines in the U.S. will become credit card-friendly to its dedicated soft drink and snack-craving patrons by the year 2009.
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The purpose of this vending-machine overhaul could really be seen as two-fold: One, to expand the already-booming credit card industry into another consumer market (i.e., vending machines); and two, to provide convenience to vending machine […]
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