A new mobile payment system for vending machines called EazyCoin will enter the market on April 22, 2015, according to EazyCoin’s Website. How does it work? The vending machine is equipped with a controller designed by EazyCoin, which then communicates with the consumer’s smartphone using Bluetooth low energy (BLE). All data collected by EazyCoin technology is transferred to a central location in real time and is managed by the vendor. Consumers must download the EazyCoin app to their Andoird or iOS smartphone. Money can be transferred between EazyCoin users.
Hardware and software is $5.00 per month and transaction fees are 6 percent.