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Share Name | Share Symbol | Market | Type |
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Cantaloupe Inc | NASDAQ:CTLP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 6.58 | 6.54 | 7.00 | 3 | 09:00:00 |
Cantaloupe’s Smart Café Poised to Transform Retail Security and Access
Cantaloupe, Inc. (NASDAQ: CTLP), a digital payments and software services company that provides end-to-end technology solutions for self-service commerce, is excited to announce its participation in NRF '24, Retail's Big Show, put on by the National Retail Federation and taking place in New York City from January 14-16, 2024, at the Jacob K. Javits Center. Cantaloupe will be exhibiting in booth #2814, where attendees can explore the company’s self-service retail innovations, including the AI-powered Smart Café, which is poised to revolutionize the retail landscape by providing a new layer of security and consumer access to retail products and food and beverage.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109272719/en/
Cantaloupe, Inc., a digital payments and software services company that provides end-to-end technology solutions for self-service commerce, will be at NRF '24 - Retail's Big Show - put on by the National Retail Federation and taking place in New York City from January 14-16, 2024, at the Jacob K. Javits Center. Cantaloupe will be exhibiting in booth #2814, where attendees can explore the company’s self-service retail innovations, including an AI-powered Smart Café, which is poised to revolutionize the retail landscape by providing a new layer of security and consumer access to retail products and food and beverage. (Photo: Business Wire)
Cantaloupe has a 30+ year history in the self-service industry, powering 1.15 million locations worldwide with payments and software solutions for self-service commerce. For NRF ‘24, Cantaloupe plans to introduce its self-service solutions for broader retail applications, with emphasis on product security and consumer convenience.
“Cantaloupe brings retail beyond brick-and-mortar by offering more on-the-go experiences for customers, delivering them the products they need, when and where they need them,” said Elyssa Steiner, CMO of Cantaloupe. “From big box stores and shopping malls to airports, hotels, apartment buildings and offices, from large entertainment venues to the golf course, Cantaloupe provides customizable self-service retail options anywhere customers are looking for convenience and a variety of product selection.”
Some of the innovative products Cantaloupe will be showing at NRF '24 include:
According to NRF's 2023 Retail Security Survey, the average shrink rate in FY 2022 increased to 1.6%, resulting in $112.1 billion in losses, primarily driven by theft. For retailers looking to address theft in their locations, loss prevention is a key area where Cantaloupe solutions can make an impact.
“For many retailers, theft is the number one concern, with staffing often number two. Cantaloupe’s products and services can provide solutions to both issues,” noted Elyssa Steiner. “Cantaloupe’s Smart Café, for instance, is a great solution for retailers to combat theft of high-ticket items — without having to assign staff to monitor the unit. The dual use of AI and cameras inside the Smart Café provides a high-level of accuracy in identifying items removed from the unit after payment is rendered - and it’s almost impossible to trick! Additionally, Cantaloupe’s simplified, flexible self-checkout technology works for retailers of all sizes who are looking to reduce labor and ensure a seamless buying experience for their customers without committing to an entire lane of self-checkout machines.”
For more information about Cantaloupe, Inc. and its self-service retail solutions, visit booth #2814 at NRF '24, Retail's Big Show, or visit cantaloupe.com.
About Cantaloupe, Inc.
Cantaloupe, Inc. is a global technology leader powering self-service commerce. With over a million active locations, processing more than a billion transactions every year, Cantaloupe is enabling businesses of all sizes to provide self-service experiences for consumers. The company's vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. Cantaloupe’s end-to-end platform increases consumer engagement and sales revenue through digital payments, consumer promotions and loyalty programs, while providing business owners increased profitability by leveraging software to drive efficiencies across an entire operation. Cantaloupe’s solutions are used by a variety of consumer services in the U.S., Europe, and Australia including vending machines, micro markets and smart retail, EV charging stations, laundromats, metered parking terminals, amusement and entertainment venues, IoT services and more. To learn more about Cantaloupe, Inc., visit cantaloupe.com or follow the company on LinkedIn, Twitter, Facebook, Instagram or YouTube.
Cashtag $CTLP G-CTLP
View source version on businesswire.com: https://www.businesswire.com/news/home/20240109272719/en/
Jenifer Howard | 202-273-4246 jhoward@jhowardpr.com media@cantaloupe.com
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