Festivals moving cashless

News is breaking fast about Festivals annoucing they will move to RFID cashless writstbands and away from paper tickets for admission. Several of the major event producers from SuperFly to C3 Presents to Live Nation to AEG are expanding their move into cashless and admission entry wristbands. Reports from last year’s events showed increased spending when wristbands were employed versus cash. While cash is still an option at most of the events, there were some events that required you to purchase and load funds onto a wristband at payment stations in order to buy food or drink. The costs of employing the hardware to implement a program is coming down. And there are even firms such at FBR Management out of Austin Texas that worked with one Las Vegas festival to setup and manage all of the pos from credit card and wristband activities.