64
business elite canada
H
AUGUST 2013
By: Sunjay Mathuria
The way VendTek Systems
Inc. (VendTek) deals with
money on a daily basis is dif-
ferent from what most com-
panies are used to. As a lead-
ing transaction processing
software company, VendTek
oversees prepaid and finan-
cial services for its clients.
With an ever-growing global
presence, VendTek develops
software that enables the dis-
tribution of various products,
from prepaid phone cards to
transit passes. VendTek has
a fairly extensive history in
Canada. Starting out in 1988,
the premise of VendTek re-
mains unchanged: it is still a
prepaid distribution company.
However, adapting to ongoing
trends, VendTek has altered
how it delivers its services.
Technology has evolved since
1988, and so has VendTek.
“It was once done through
kiosks. Those kiosks were
sent to various retail locations
and would be used to dis-
pense prepaid cards, wheth-
er they were phone cards or
even lottery tickets,” explains
VendTek Chief Operating Of-
ficer (COO), Francois Cheval-
lier. “The mechanical com-
ponent has been replaced by
a digital distribution system,
which is now our software.”
Chevallier has been with the
company for just over two
years and has extensive ex-
perience managing distri-
bution systems. As COO of
VendTek, he takes care of the
