METHOD AND A SYSTEM FOR CASHLESS TRANSACTION AND INVENTORY MANAGEMENT FOR VENDING MACHINES

摘要

The invention relates to a method and a system for management of cashless purchase or transaction using a vending machine and software installed on a mobile device such as a smart phone. The present invention maintains security of payment by keeping confidentiality of payment and ensures that the code sent to the user/purchaser is used only once. The invention provides easy mode of purchase and transaction over a network managing both the user and the vending machine over a network and facilitates cashless transaction and eliminate cumbersome transactions by managing inventory.

主权项

1. A cashless purchase or transaction system comprising;
a software wherein once loaded in the system of the user manages the transaction between the user and the vending machine, a user device with the installed application, a vending machine with installed software through which product is dispensed a means for generating a unique verification code on payment. a server or inventory management unit that links user device and vending machine.