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businessweek.com Published on April 10, 2014

PayRange Retrofits Vending Machines for Cashless Sales

Innovator: Paresh Patel
Age: 39
Founder of year-old startup PayRange in Portland, Ore.

Form and function: To boost sales at vending machines among consumers who rely largely on credit cards, PayRange’s USB-size Bluetooth-enabled device can retrofit a cash-operated machine to accept payments via the company’s smartphone app.