More members of the National Automatic Merchandising Association (NAMA) are reporting that they are experiencing significant savings thanks to the organization's new Cashless Solution program. Craig Hesch, NCE5, NAMA chairman of the board and president of Rolling Meadows, Ill.-based A.H. Management Group, is saving enough money from the program to cover a host of industry expenses ranging from organizational dues to the expenses associated with sending staff members to NAMA events.
When asked about his experience with the program Hesch said in a prepared statement, "We anticipate significant saving annually for our food service and office coffee divisions alone. The potential savings are so significant they should take care of my NAMA dues, State Council dues, all costs associated for sending my people to the NAMA One Show( in Chicago), Coffee Summit( Las Vegas) and would still leave money left over."
The Cashless Solution program is a partnership between NAMA and Bank of America Merchant Services (BAMS). It offers favorable rates for both wireless communications and processing of cashless transactions, and can be configured as an extension of an installed remote monitoring system or as a stand-alone application. BAMS leveraged its broad knowledge of card brand rules and regulations to customize the program specifically for NAMA members across various industry segments and was able to negotiate exclusive rates.
The NAMA Cashless Solution program is a networked end-to-end solution that is hardware neutral, works with qualified communication suppliers and card associations for payment reconciliation and account management. NAMA is also working to provide members with a broad range of preferential financial services.
To compare your current program, understand the details and calculate your savings, visit www.vending.org, click on technology, cashless solutions and use the links on the left. To inquire directly, please contact BAMS at 888-317-0971.