machine dispenses newspapers then the vcc 39 s compliance checker will indicate that the transaction is not approved the vcc 130 stores the electronic checks for transmission at 106 to the clearing service 140 periodically e g once a day the vending machine contacts the clearing service 140 and transmits information regarding all transactions that occurred within the period of time effectively u201c depositing u201d the electronic checks the clearing service verifies the uniqueness and validity of the electronic checks and then credits the vendor and debits the user appropriately the debit can be in the form of a charge to the user 39 s cell phone bill the credit in the form of an electronic deposit to the vendor 39 s bank account the information can be passed along at 107 for processing by the appropriate billing and crediting entities 150 e g here the wireless service company and the vendor 39 s bank at the end of the billing period all such transactions appear on the user 39 s telephone bill enabling the customer to pay for the transactions in one lump sum along with the rest of the bill similarly the vendor can be credited by the bank in one lump sum to avoid.