This system is very useful for factories having their own canteens. The transactions can be done cashless with the help of this system. Every employee is credited virtually money in his account at the start of month. For transaction in the canteen the employee will use his RF card. The corresponding amount will be debited to his account. If the amount is reduced in his account in the middle of the month, he can get the top up from the HR Department.
Thus the total amount spent during the month is deducted from his salary. In this way there is no need of any cash handling. Moreover this system will also help to maintain the inventory record.