Cantaloupe Celebrates 30 Years of Innovation in Autonomous Retail
2021 Marks A Year of Innovation with Next-Generation Technology, Payment Methods and Research on Future of Autonomous Retail
“Thirty years ago, we changed the face of unattended retail by offering vending machine operators the first cashless card readers, ushering in the era of self-service vending,” said
Cantaloupe, which rebranded from
Additional 2021 Milestone include:
New Artificial Intelligence Integration Enhances Intelligence, Operations and Revenue:
Cantaloupe enhanced its Seed™ platform with HIVERY Enhance™, providing customers with intelligent solutions driven by leveraging Artificial Intelligence and advanced analytical methods. Powerful new product recommendations and targeted space-to-sales optimization tap HIVERY’s proprietary algorithms to boost Cantaloupe operators’ top-line revenue and improve operational efficiencies. This will empower operators to react to the way consumers shop and drive increased sales.
Innovating Payments Acceptance, from Cryptocurrency to Mobile Wallets and Apps:
Through a partnership with digital asset platform Bakkt, Cantaloupe announced it will allow cryptocurrency to be converted into cash for payments, in addition to its existing payment forms of cash, debit and credit card, or mobile wallet across its nationwide network. With the ubiquity of cryptocurrency as a fundamental aspect to unlocking new customer experiences, the partnership with Bakkt will enable Cantaloupe to offer consumers the ability to pay using the digital assets they hold within the Bakkt App, starting with bitcoin and participating loyalty points on more than a million devices.
Additionally, integration with Apple mobile wallets brought greater convenience to thousands of students by allowing them to add their stored value campus card to their mobile wallet. This integration enables students to make payments more conveniently.
Cantaloupe’s acquisition of Yoke Payments™, an innovative self-checkout payment solution, enables a simple and easy integration that provides micro-market operators new revenue and optimization opportunities. Cantaloupe is enabling operators to further scale their business into an important and growing retail segment.
Through our new proprietary ePort® Engage Series, customers can access new touch screen payment devices that optimize consumer engagement through advertising and loyalty programs.
Cantaloupe also announced a partnership with Castles Technology, which will bring new and existing enterprise and small-and-medium-sized customers the most state-of-the-art payment terminals certified by PCI-PTS and EMV for vending, kiosks, amusement, and EV charging stations, and better connect with consumers by leveraging digital displays.
A New Vision for Autonomous Retail Guided by
In 2021 Cantaloupe completed two comprehensive research studies. In partnership with
In a separate study with
“Autonomous retail has never been more important,” said
"It was a great pleasure to have been the company’s founder, chairman, and CEO for almost 20 years. With a great group of talented employees, the company became an early leader in cashless wireless technology and associated financial network services with over 70 patents issued during my tenure,” said
Useful Links:
- Cantaloupe: https://cantaloupe.com/
- Blog: https://www.cantaloupe.com/blog/
- Podcast: https://www.cantaloupe.com/urtechinsiders/
- LinkedIn: https://www.linkedin.com/company/cantaloupeinc
- Resource Center: https://www.cantaloupe.com/resources/
- Twitter: https://twitter.com/cantaloupeinc_
- YouTube: https://www.youtube.com/channel/UCTGQNcXUydcOHLZiuIEPuaw
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Investor Relations:
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