CHESTER, Conn., Aug. 3, 2015 — Greenwald Industries is the designer and developer of FlashCash, a laundry payment technology that is currently the leading contactless laundry payment technology in Europe. Installed in thousands of machines, FlashCash use is growing by leaps and bounds.

FlashCash® was created at the request of Greenwald customers who were asking for a payment system that would evolve with the times. Customers like to use their smartphones for payment and to check on their laundry. Operators like to manage their systems on a tablet. They like graphical displays and multi-language products.

“That’s just what we gave them. We are very excited about the rapid, global growth of FlashCash,” Stephen Riegel, director of sales, marketing and business development, says. “Our customers love the ‘Tap N’ Go’ technology.”

Riegel attributes FlashCash’s success to the popularity of the phone app. When users engage the app through a smartphone, they can track their laundry to determine when it will be done and they can also see if machines are available in a laundry room.

And, the FlashCash system not only provides convenience to its users — laundry room operators benefit too. They enjoy using this smart card technology because it’s easy to manage. A tablet app is available that allows them to collect revenue, cycle information and generate reports.

About Greenwald Industries:
More than 50 years ago, Greenwald Industries, a division of The Eastern Company, helped to create the coin-operated laundry business. Today, Greenwald has expanded its coin vending applications into smart card technology which can be used in a variety of other markets.

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News issued by: Greenwald Industries

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