20 August 2017
visit www.avoka.com

Paymentech wins Pepsi-Cola contract

06 December 2004  |  3227 views  |  0 Source: Paymentech

Pepsi-Cola North America has awarded a multi-year contract to process credit and debit cards in several hundred vending machines throughout the United States to Dallas-based processor Paymentech.

The deal represents Paymentech's initial foray into the U.S. vending industry.

"This is a new market for us, but one that we definitely see growing in the next few years, as consumers continue to migrate away from cash to paying with plastic, even for smaller purchases," said Scott Cruickshank, Paymentech's Chief Marketing Officer. "Pepsi-Cola North America is clearly on the leading edge of promoting new technologies which will enable the growth of non-cash payments in the vending sector."

Paymentech won the exclusive, multi-year contract to process all credit and debit transactions at Pepsi vending machines in the U.S. that are enabled with cashless vending technology. Currently, Pepsi's bottlers have several hundred machines wirelessly accepting credit and debit cards in high-traffic venues such as malls, convention centers, casinos, and hotels.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9831 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8330 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7896 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7681 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7158 views comments | 15 tweets | 13 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job