PayRange aims to simplify mobile payments

PayRange, which launches today at an industry conference in Massachusetts, has developed a key-sized wireless device that aims to take coins, crumbled dollar bills and even credit cards out of the equation. The goal is a simplified payment system, for both the person making the payment and the company collecting it. PayRange (formerly known as VendNext) employs well-established technology. The company proposes installing its small wireless device – using the widely adopted Bluetooth standard – inside vending machines, parking meters and the like. It’s less expensive, both to install and to operate, than cellular equipment.