Cantaloupe Notes Rapid Growth of EMV-Enabled Vending Credit/Debit Card Payments

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Jun 13, 2023

Cantaloupe%2C+Inc. (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions to power self-service commerce, reports a significant increase in the amount of EMV transactions at food and beverage vending machines in 2022. This growth, as reported in Cantaloupe’s recently released2023+Micropayment+Trends+Report, is partly due to the fact that consumers increasingly prefer making tap payments - and EMV-enabled credit cards allow for a faster and easier tap-to-pay experience.