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NAMA Cashless Solution
A Special NAMA Member Only Benefit
“The goal of the program is to enable NAMA members to offer their customers the convenience of cashless payments at a reasonable cost across small and large average transaction pricing in a variety of industry segments.” NAMA has formed a relationship with Bank of America Merchant Services (BAMS) as its preferred wireless gateway provider and payment processor. NAMA’s preferred processor possesses a broad knowledge of card brand rules and regulations and has leveraged that knowledge to customize a program that provides NAMA members access to exclusively negotiated rates across various industry segments (vending, coffee service, and food service). The NAMA Cashless Solution program is a networked end-to-end solution that is hardware neutral, works with qualified communication suppliers and card associations for payment reconciliation and account management. In addition, NAMA is working to provide members with a broad range of preferential financial services. Use the links on the left to compare your current program, understand the details of the program and calculate your savings. See what some of our members are saying: All of our credit card transactions are related to the office coffee business. Our projected annual savings using the NAMA Cashless Solution will cover our NAMA dues as well as our CAVC dues, and will also help defray a portion of our OneShow travel expenses. This program provides a substantial financial benefit to NAMA members and should be utilized by any member company that accepts credit cards. Any company that fails to take advantage of the NAMA Cashless Solution is leaving hard earned money on the table. Pete Tullio, President Gourmet Coffee Service
Avanti Markets just finished their first full month with the NAMA Cashless Solution program. As a result we are going to be lowering our credit card fees to all of our operators by a full 1 percent now and will likely go lower after we analyze one more month of transactions. The savings for our operator group will continue to increase each month. Jim Brinton, VP Avanti Markets
I use the cashless program with my coffee business. It is easy to use and we are saving over a full percentage point on processing fees. As an added benefit, I like the fact that as a NAMA member I am supporting the association and the ability to offer all members this type of program. Todd Elliott, VP Tomdra |