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Radio-frequency identification technology (RFID) never took off in line with the projections initially made by many analysts and venture capitalists, but the technology has begun to make a slow resurgence with wireless devices that track the physical location of assets, according to The Wall Street Journal.
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Editor's Insight: As product suppliers integrate RFID tags cost effectively, retailers, including vending operators, will have a more convenient and more accurate tool for product tracking.
RFID has other implications as well. RFID technology is already giving vending operators new options for contactless transactions at the point of sale. The most widely reported contactless tool to date is the PayPass credit card reader.
RFID technology is also playing a role in remote machine management. 11-08-07 by Elliot Maras
