Mobile payments are becoming increasingly popular for retail stores, online shopping and even vending services! A popular application for mobile payments is Google’s Mobile Wallet, which enables users to use their phone in place of credit or debit cards when paying for products or services by using NFC chips, or Near Field Communication chips. These chips allow mobile devices to communicate with each other when they touch or are within a few inches of each other. For mobile payments, smartphones are typically touched to a pad that is also NFC-enabled and the devices communicate the payment information to each other.
Google recently released a new version of its Mobile Wallet app for iPhones; an app that was previously only available on Android devices. Apple iPhones do not have NFC chips so the app will not work exactly like the Android version, but through Gmail attachments and stored credit and debit card data, users can simplify online shopping and send money. iPhone users can now access loyalty programs and redeem offers by location using the application though.
National Vending sees a lot of potential in mobile payments and the use of mobile loyalty programs for vending solutions and already features QR code technology on many of its products to promote consumer interaction and feedback.