How Billfold POS is redefining RFID
Streamlining Transactions & Boosting Revenue For Venues
Billfold POS has taken RFID technology far beyond its traditional role of access control and simple tap-to-pay systems. By integrating RFID with a fully self-contained, cashless point-of-sale ecosystem, Billfold has transformed how transactions happen at live events - redefining industry expectations for both festivals and attendees.
At its core, the innovation within Billfold's RFID lies in the wristband itself, deeming it "more than just a ticket" — it's a digital wallet, a loyalty card, and a data hub all rolled up into one.
The result?
It has ultimately streamlined event operations through:
Tap-to-pay simplicity: Guests can purchase food, drinks, and merch with a single tap — no fumbling with cards or cash.
Reduced wait times: Transactions are processed in under 2 seconds (that's faster than a Google search on your laptop), slashing those outdated lines no one has time for at high-volume vendors.
Preloaded accounts: Attendees are allowed to fund their REID wristbands before the event takes place or at on-site kiosks, eliminating payment bottlenecks. We recommend checking this off your list before attending, but both work just fine.
By removing friction from purchase points, Billfold has directly contributed to significant revenue gains for event organizers and venues:
Take an 18,000 daily attendance multi-genre festival Billfold works with annually every summer. With 130 vendors ranging from drinks, food, merch, and art — the number of transactions using RFID significantly surpassed card transactions.
RFID Wristband Transactions
Average orders per active RFID wristband = 8.30
Avg wristband gross Profit = $206.49
Active Card Transactions
Average order per active card = 2.77
Avg bank card gross = $69.02
Per Cap Bank Card Spend vs Wristband Spend
And don't forget the result of actionable data spending that comes from the use of RFID. Helping organizers fine-tune inventory, staffing, and marketing all in real time.
