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Services such as prepaid cellular, ring tones, games, utilities,
and other prepaid long distance products make up one of the
world's largest and fastest growing industries. Combined with
other electronic products and services the electronic distribution
of prepaid and payment services is a fast growing market that
offers enormous business opportunities. VendTek's eFresh technology
captures those business opportunities by creating an electronic
distribution network which generates recurring monthly revenues.
An eFresh distribution network can be created by placing software
in point of sale (POS) terminals in retail locations. For the
retailer, additional revenues can be generated while at the
same time driving new customers into the retail locations. eFresh
has the ability to allow the retailers to provide greater value
added services to their clients without incurring additional
inventory costs. A wide range of prepaid products and services
can be sold through the eFresh system by printing the vouchers
in real-time on POS terminals or other similar devices.
The eFresh distribution system can deliver any electronic product
and can deliver new products as they become available. In addition
to the commonly known prepaid products, products such as prepaid
insurance, utilities, money transfer and bill payment can all
be transacted through the network. eFresh allows the indefinite
expansion of products and services sold, increasing opportunities,
ensuring ongoing competitiveness, and a sustainable business.
eFresh also supports card based products such as Gift Cards,
Prepaid Credit Cards, and Point of Sale Activation (POSA).
eFresh is a method to distribute products and services more
efficiently creating a business opportunity for its operator.
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eFresh is software which allows products and services to be
distributed and sold electronically. It also allows physical
card products such as prepaid credit cards and gift cards
to be activated and reloaded. The eFresh software resides
on a central server which you operate and on electronic (POS)
terminals in retail locations. The combination of the central
eFresh server and POS terminals with eFresh software creates
a secure electronic distribution network.
eFresh creates a very efficient and convenient system for
distribution, handling and inventory management which can
create substantial savings as well as a new business opportunity
to generate sustainable recurring revenues.
Using eFresh, the PIN or voucher number for a prepaid service
is distributed from a central computer through telephone lines
or other communications and printed on a receipt at the point
of sale. POS terminals (typically used for credit and debit
card processing), personal computers, cash registers, automated
teller machines, and kiosks are ideal distribution terminals.
Once the consumer purchases a prepaid product a receipt is
printed in real time which includes the same PIN or voucher
number previously printed on the pre-printed physical card.
With eFresh, there is no physical product therefore none of
the costs associated with the physical cards including storage,
transportation, and theft. Compared to the traditional method
of delivering prepaid services using paper or plastic vouchers,
distributing services electronically allows substantial savings
through reduced physical distribution costs, theft, printing
and packaging costs and the elimination of inventory at the
retail level.
In addition to the electronic delivery of prepaid services
via a voucher number, the eFresh system can also be used for
bill payments, account loading, money transfer, and real-time
cellular account loading.
The eFresh system creates a business opportunity through the
costs savings and efficiencies of the system.
eFresh eliminates the traditional voucher production, packaging
and physical distribution costs.
eFresh creates increased capacity for product distribution
and growth.
eFresh improves the management of prepaid services and inventories
Service providers, retailer and consumers all benefit from
this new paradigm for product delivery.
VendTek offers eFresh as a turnkey solution to businesses
with the capability to capitalize and operate the network,
secure retailing locations and provide the necessary support
and marketing to grow the business.
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