You've always been able to accept a credit card without online authorization. If you've used credit cards for long enough, you've seen the carbon copy charge slips. Magstripes (or keying in the card number) works offline too, and chip cards have an offline mode. The merchant fees are higher when you run cards offline, and the risk of having a charge declined is higher too.
I'm guessing the reason they're doing a stored value system is because the per transaction part of the merchant fees is too high for vending machine coffee, getting a larger deposit as one transaction helps a lot with that (although, apparently not enough to hire people who know not to trust clients)
I'm guessing the reason they're doing a stored value system is because the per transaction part of the merchant fees is too high for vending machine coffee, getting a larger deposit as one transaction helps a lot with that (although, apparently not enough to hire people who know not to trust clients)