How to increase your event’s revenue overnight

Is your event still using tokens? Or even worse, cash? There are ways to remove the annoying problems caused by cash and tokens such as long queue lines and inefficient money handling. These tend to be the main pain points of the customer journey in this scenarios, deteriorating and even ruining the overall event experience. With Radio (R) Frequency (F) Identification (ID) technologies being implemented on a mass scale, from metro cards, passports to cell phones, there is no excuse your event should not be using RFID technologies. The following are the benefits that RFID cashless systems can offer to your events.

Benefits of RFID Cashless Systems

RFID cashless technologies have greatly increased the customer experience by making the average customer journey a smoother process. The typical customer who is interested in a festival will purchase their ticket online, get his ticket redeemed for a RFID wristband or card at the festival entrance. He/she will proceed to top-up his RFID wearable with cash or credit card and then proceed to purchase anything that they wish simply by tapping their RFID device with the reader at the bar or merchandising store. At the end of the festival, the customer can get a refund of any currency that was left unused in their RFID chip. That’s it. RFID technology is able to speed up transactions twice as fast as there is no need anymore of wasting time either getting the correct change out of the cashier or waiting for the POS system to receive wireless connection. Customers on average spend up to 15-40% more translating into a substantial increase in revenue for the festival. Lastly, another indirect benefit of RFID technologies for customers is the elimination of the risk of theft of wallets and cards making a better and safer experience.

RFID cashless systems bring transparency and accountability to businesses. All cash is handled in a single place eliminating the possibility of money being mishandled or stolen. One of the most powerful benefits RFID technologies bring to the cashless system are the tools given to event organizers to manage their inventory in real-time. Given that there is an active WiFi connection, and your RFID provider has the appropriate software, data obtained from the RFID chips can be instantly generated into real-time intelligent reports. These reports bring smart information to event organizers about which are the best selling products or which point of sale systems are the most efficient ones. With this information, organizers can make quick-decisions regarding stock management instantly and prepare better for the next few days of the event or the next year.  

These are few of the benefits RFID technologies bring to cashless systems. It is highly anticipated that in the future not only most events will implement RFID cashless systems in their events, but also new technologies will develop that will bring cashless systems to a new topic. With the current mass use of bio metric scanners of fingerprints from offices to mobile phones and the penetration of facial recognition software into mass markets, who knows what the future developments of this area will bring. Regardless, it can only be expected that futuristic cashless technologies will improve the live event industry and many of the others who opt to adopt this aspect into their business models.  

 

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Do you think your business can benefit from RFID technologies? Email us and we will find a way to help you.

 

Glownet beyond music festivals: partnering with TNW Conference & PayPal

Glownet once started as a provider of technology solutions for Music Festivals. Over the years we have proven that our platform, technology and solutions go far beyond music festivals. A great example is our partnership with The Next Web Conference and Paypal. Together we offer conference attendees a smooth cashless experience.

 

 

===> Below is a repost from: The Next Web

TNW Conference is teaming up with PayPal and Glownet to go cashless

It’s a convenient system for vendors: waiting times are slashed, payments are simplified, and you can make some residual profit on any tokens that don’t end up being spent. But it isn’t very fair for attendees, and it certainly isn’t very tech.

So this year we’ve decided to expand our longstanding partnership with PayPal, in order to spice up the payment process and make everyone’s lives easier. That’s right, TNW Conference is going completely cashless – but in order to still reap the efficiency benefits of the old token system, that doesn’t mean accepting card payments. Instead, we’re introducing RFID wristbands.

Intelligent Wristbands

We’ve teamed up with PayPal and Glownet to make this year’s conference wristbands a little bit more intelligent. Before you arrive, you’ll be able to add tokens to your wristband, in order to purchase food from our 25+ gourmet food truck vendors, and make the most of our bars and coffee stands. The wristbands will also be used for access control and to help you continue the conversation with startups and exhibitors after the event; simply by scanning your wristband to exchange contact information.

But perhaps most importantly, you won’t be going home with useless tokens in your pocket. If you opt to add tokens to your wrisrtbands using our convenient payments provider, PayPal, TNW will send you a refund for all unspent tokens purchased with PayPal after the event – straight to your PayPal account.

Refunds and instant top ups through PayPal

If you’re already a TNW Conference ticket holder, you can start adding tokens to your intelligent wristband from today – simply login to our order management portal. When you collect your wristband on day one, any tokens you’ve paid for in advance will be automatically loaded and ready to use at our awesome gourmet food trucks and bars across the festival terrain.

We’ve teamed up with PayPal to make this process as seamless as possible. Choosing them as your payments provider comes with the following perks:

  1. One Touch: Simply enter your details once to be able to top up with a single click, whenever you need more tokens. Thanks to PayPal’s One Touch feature, your device will be enabled to securely make payments through your PayPal account.
  2. Live Top up: If you’re running low on tokens during the conference, you’ll be able to add more straight from the TNW Conference app with a single click. While credit and debit cards are accepted at our physical kiosks across the conference terrain, PayPal is the only way to top up from your phone to your wristband during the event.
  3. Automated Refunds: TNW will reimburse you for your unused tokens purchased with PayPal within 3 days on your PayPal account. No extra surcharge.

Learn more about our cashless payment wristbands on our website!

thenextweb.com/insider/2017/05/11/tnw-conference-teaming-paypal-glownet-go-cashless

Valhalla: A Bizarre Ride

Valhalla copy

On December 20th 2014, we rolled out a fully cashless delivery at SFX’s closing event for the year, Valhalla: A Bizarre Ride. At our second event working with SFX and 25,000 attendees this year, we were challenged with the task of introducing the benefits of RFID into the Dutch market, which has long been dominated by the use of tokens.

We successfully delivered our gPASS solution for access control (as well as a check-in pilot) and our gPAY cashless solution to all 25,000 guests. With 52 top-up stations spread across 52 kassa units and 29 vendors and bars on site, we deployed 153 mobile devices to achieve a seamless cashless payment experience. We also had 2 customer service locations, which we’re happy to say remained quiet throughout the entire event.

Through the use of our RFID solutions, guests benefited from shorter queues, the elimination of theft, and post event refunds – a huge plus to guests who normally have to quickly spend their leftover tokens at the end of the night, or bite the bullet and lose money on unused tokens, as refunds are not given with the token currency system.

Aside from happier guests who found more time on their hands to enjoy the music they’d come to see, Valhalla organizers benefitted heavily from our live reporting tools. These live reports gave the promoter the ability to alert sponsors to top selling products and empowered bar managers to make real time decisions regarding stock levels. In addition full event performance reports were delivered a mere 48 hours post-event including total real money top-ups by kassa unit, total sales, full vendor sales summaries including top 10 products sold by hour, and outstanding customer balances.