Kiosk Solutions Apr-May 2017 | Page 38

contactless payments control, better resource management and more efficient operations for merchants and kiosk owners. This includes remote diagnostics, and status reporting can be used to ensure kiosks are well maintained and ‘always on’. For product dispensing devices, it can offer more cost-efficient ways to manage stock with the ability to replenish goods at exact locations as soon as it is needed. "More than two i n five people (43%) say they keep less hard cash in their pockets than they did two years ago" multi-loop transport ticketing, mobile loyalty apps at drive-throughs, proximity promo alerts for vending machines and personalised self-service options for hospitality and healthcare. But how can this be achieved without driving up complexity in terms of service provision and integration? Smoothing the way One way is to use centralised omnichannel gateways and reporting tools to bring unattended payments in from the cold, connecting them in real-time to existing Point of Sale (POS) and online software, apps and services. Consolidating kiosks into centrally managed payment platforms, with single cloud-based transaction portals, can not only facilitate new service mixes for consumers but also unlock greater 38 KIOSK solutions Removing emphasis on cash But before the kiosk industry can live up to this promise, it must first invest in updating outdated legacy devices in the field. There are still too many cash only kiosks in the market that are at least five years old, many are significantly older. Devices that only accept cash payments are a long way off delivering today’s omni-services. Not only that, by restricting payment choice they increase the risk of lost sales and dramatically reduced revenue potential. More than two in five people (43%) say they keep less hard cash in their pockets than they did two years ago. A typical Briton now carries less than £5 in cash. In addition, 67% of 24-35 year olds in the UK would prefer unattended machines to accept card as well as cash. And 56% would rather use cards on low cost items at vending machines instead of cash. In 2017, the UK is transitioning from the old £1 coin format to a new style design, which will act as a major disruptor for current cash only devices that remain in the field. As old coins are removed from circulation, kiosk owners with legacy coin systems must upgrade their estates or risk becoming obsolete. There’s never been a better time to use forward investment wisely and to upgrade simultaneously to convenient card payments. Future-proofing investment To ensure unattended investment is not just relevant today but also for the