Cashless Payment Chain Vending Operator Hardware Merchant Acquirer Payment Gateway Payment Processor Card Association Role: Purchase the cashless hardware; choose a merchant account provider Role: Enables card acceptance and data encryption Role: Provides Vending Operator the Merchant Processing Agreement; establishes the merchant bank account; provides the monthly processing statement & merchant level reporting Role: Manages transaction traffic, provides authorization of cards, secures card data, and creates reports Role: Receives & sends the transaction data from payment gateway to the card brands; also sends final settlement info to merchant acquirer so funds can be deposited into the vending operator’s merchant bank account Role: Performs final settlement process, sends deposit amounts (minus interchange) back through processor to merchant acquirer so funds can be deposited into the vending operator’s merchant bank account Sample Providers: CoinCo Crane InOne MEI Group Nayax PayRange USA Technologies ViVOtech Bank of America Chase Paymentech EMPS / First Data Heartland Moneris Apriva USA Technologies Elavon First Data TSYS Amex Discover MasterCard Visa October 2018 © Michael Kasavana