Processing systems and methods for vending transactions
Methods for reconciling vending machine transactions occurring between consecutive settlement events and for paying suppliers of vending machine goods are disclosed. Reconciling is accomplished through obtaining a local settlement value at a processing facility representing the total value of all vending transactions that occurred at the vending machine between the consecutive settlement events, receiving an electronic settlement value at the processing facility that represents the vending transactions that occurred at the vending machine between the consecutive settlement events, and reconciling the local settlement value with the electronic settlement value.
1 . A method of reconciling vending machine transactions occurring between consecutive settlement events, the method comprising the steps of:
obtaining a local settlement value at a processing facility, the local settlement value being the total value of all vending transactions that occurred at the vending machine between the consecutive settlement events;
receiving an electronic settlement value at the processing facility, the electronic settlement value being the total value of all vending transactions that occurred at the vending machine between the consecutive settlement events; and
reconciling the local settlement value with the electronic settlement value.
2 . The method of claim 1 , wherein the vending transactions are all cashless transactions occurring at the vending machine between consecutive settlement events.
3 . The method of claim 2 , wherein the cashless transactions include credit and/or debit transactions.
4 . The method of claim 1 , wherein the vending transactions are cash and/or cashless transactions occurring at the vending machine between consecutive settlement events.
5 . The method of claim 1 , wherein the vending transactions are all cash transactions occurring at the vending machine between consecutive settlement events.
6 . The method of claim 1 , further comprising the step of generating the electronic settlement value, the generating step occurring prior to the step of receiving the electronic settlement value.
7 . The method of claim 6 , wherein the step of generating the electronic settlement value comprises the steps of:
receiving settlement event indicators identifying the consecutive settlement events from the vending machine;
receiving vending machine transaction records from the vending machine;
identifying the vending transactions that occurred between the consecutive settlement events from the vending machine transaction records; and
calculating the electronic settlement value from the identified vending transactions that occurred between the consecutive settlement events.
8 . The method of claim 7 , further comprising the step of transmitting the electronic settlement value to the processing facility.
9 . The method of claim 7 , further comprising the step of authorizing an individual to settle the vending machine, and each settlement event indicator further identifying the authorized individual.
10 . The method of claim 1 , wherein the obtaining step comprises the steps of generating the local settlement value at the vending machine, locally recording the local settlement value, and receiving the locally recorded settlement value at the processing facility.
11 . The method of claim 10 , wherein the generating step further comprises displaying the local settlement value on a display of the vending machine.
12 . The method of claim 11 , wherein the locally recording step further comprises manually recording the displayed local settlement value displayed on the vending machine.
13 . The method of claim 11 , wherein the locally recording step further comprises communicating the local settlement value displayed on the vending machine to a portable electronic device.
14 . The method of claim 13 , further comprising the step of transmitting the local settlement value from the portable electronic device to the processing facility.
15 . The method of claim 1 , wherein the step of obtaining the local settlement value comprises the steps of receiving locally recorded sales data and calculating the locally recorded settlement value from the locally recorded sales data.
16 . The method of claim 1 , wherein the electronic settlement value further includes the purchase price, purchase type, purchase time, purchase date, and purchase selection for the transactions.
17 . A computer-readable carrier including computer program instructions that cause a general purpose computer to perform the method of claim 1 .
18 . The method of claim 1 , further comprising the step of posting the local settlement value and the electronic settlement value into an accounts receivable system.
19 . The method of claim 18 , further comprising the step of comparing the local settlement value to the electronic settlement value at the accounts receivable system.
20 . A computer-readable carrier including computer program instructions that cause a general purpose computer to perform the posting step of claim 19 .
21 . A method of reconciling vending machine transactions occurring between consecutive settlement events, the method comprising the steps of:
obtaining a local settlement value, the local settlement value being the total value of all vending machine transactions that occurred at the vending machine between the consecutive settlement events;
generating an electronic settlement value, the electronic settlement value being the total value of all vending machine transactions that occurred at the vending machine between the consecutive settlement events; and
comparing the electronic settlement value with the local settlement value.
22 . The method of claim 21 , wherein the step of generating the electronic settlement value comprises the steps of:
receiving settlement event indicators identifying the consecutive settlement events from the vending machine;
receiving vending machine transaction records from the vending machine;
identifying the vending machine transactions that occurred between the consecutive settlement events from the vending machine transaction records; and
calculating the total value of the vending machine transactions that occurred at the vending machine between the consecutive settlement events to generate the electronic settlement value.
23 . The method of claim 22 , further comprising the step of authorizing an individual to settle the vending machine, wherein each settlement event indicator further identifies the authorized individual.
24 . The method of claim 21 , wherein the vending transactions are all cashless transactions occurring at the vending machine between consecutive settlement events.
25 . The method of claim 24 , wherein the cashless transactions include credit and/or debit transactions.
26 . The method of claim 21 , wherein the vending machine transactions are cash and/or cashless transactions occurring at the vending machine between consecutive settlement events.
27 . The method of claim 21 , wherein the vending machine transactions are all cash transactions occurring at the vending machine between consecutive settlement events.
28 . The method of claim 21 , wherein each vending machine transaction record includes the purchase price, purchase type, purchase time, purchase date, and purchase selection of the transaction.
29 . A computer-readable carrier including computer program instructions that cause a general purpose computer to perform the method of claim 21 .
30 . The method of claim 21 , further comprising the step of posting the local settlement value and the electronic settlement value into an accounts receivable system.
31 . The method of claim 21 , wherein the step of obtaining the local settlement value comprises the steps of receiving locally recorded sales data and calculating the locally recorded settlement value from the locally recorded sales data.
32 . A method for paying a supplier of vending machine goods for vending machine transactions occurring between consecutive settlement events, the method comprising the steps of:
receiving settlement event indicators identifying the consecutive settlement events;
receiving vending machine transaction records;
identifying the vending transactions occurring between the consecutive settlement events from the vending machine transaction records;
processing the vending transactions identified as occurring between the consecutive settlement events; and
remitting payment to the supplier for the identified vending transactions occurring between consecutive settlement events after processing of all of the identified vending transactions occurring between consecutive settlement events is complete.
33 . The method of claim 32 , wherein the vending machine transactions are all cashless transactions occurring at the vending machine between consecutive settlement events.
34 . The method of claim 33 , wherein the cashless transactions include credit and/or debit transactions.
35 . The method of claim 32 , wherein the vending machine transactions are cash and/or cashless transactions occurring at the vending machine between consecutive settlement events.
36 . The method of claim 32 , wherein the vending machine transactions are all cash transactions occurring at the vending machine between consecutive settlement events.
37 . A computer-readable carrier including computer program instructions that cause a general purpose computer to perform the method of claim 32 .
38 . The method of claim 32 , wherein the processing step includes determining whether the identified vending transactions are either settled or declined.
39 . The method of claim 32 , wherein a settlement period comprises the identified vending transactions occurring between two consecutive settlement events, and payment to the supplier includes multiple settlement periods.
40 . A method of generating an electronic settlement value for vending machine transactions occurring between consecutive settlement events, the method comprising the steps of:
receiving settlement event indicators identifying the consecutive settlement events from a vending machine;
receiving vending machine transaction records from the vending machine;
identifying the vending machine transactions that occurred between the consecutive settlement events from the vending machine transaction records; and
calculating the total value of the vending machine transactions that occurred at the vending machine between the consecutive settlement events to generate the electronic settlement value.
41 . The method of claim 40 , further comprising the step of authorizing an individual to settle the vending machine, wherein each settlement event indicator further identifies the authorized individual.