4,000 New Visa payWave Points of Acceptance Target Vending, Kiosk,
Laundry and Other Self-Serve Retail Markets
USA Technologies, Inc. (NASDAQ:USAT) announced today the signing of an
amendment to its existing agreement with Visa to expand the deployment
of its ePort® cashless payment solution for vending machines by another
2,500 terminals, for a total of up to 4,000 terminals, that are expected
to be installed in markets nationwide.
The G8 ePort terminals were especially designed to accept Visa payWave,
a new payment feature that allows consumers to simply wave their Visa
card in front of the ePort terminal to pay for their vended purchase. A
signature is not required for purchases under $25, and consumers retain
control of the card during the transaction, reducing the risk of fraud.
“The agreement with Visa also combines Visa’s support with USA
Technologies’ new cashless deployment planning services launched earlier
this year, a comprehensive market analysis that helps customers deploy
their vending machines and kiosks in the most lucrative unattended,
cashless market segments,” said George Jensen, Chairman and CEO, USA
Technologies, Inc. “This deployment planning service utilizes our
extensive historical market knowledgebase, and offers our customers in
the vending, kiosk and other unattended point-of-sale (POS) terminal
market sectors the ability to deploy their machines with near pin-point
accuracy in the most profitable business channels,” added Mr. Jensen.
“More and more consumers are using Visa payWave-enabled products for the
smallest of purchases,” says Stephanie Ericksen, Senior Business Leader
at Visa Inc. “Visa’s collaboration with USA Technologies will
significantly expand the number the vending machines that accept Visa
payWave, allowing cardholders to simply wave and pay for
micro-purchases.”
USA Technologies is a leader in providing cashless payment solutions to
the vending, kiosk, online laundry and self-serve point of sale markets,
with nearly 50,000 devices already on our service.
ePort has been installed in all traditional vending markets, as well as
markets serving the photo kiosk industry, online laundry services,
hospitality, coffee industry, entertainment, transportation, gas
stations and convenience stores.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash
transactions, associated financial/network services and energy
management. USA Technologies provides networked credit card and other
non-cash systems in the vending, commercial laundry, hospitality and
digital imaging industries. The Company has agreements with AT&T, Visa,
First Data, Compass and others.
Statement under the Private Securities
Litigation Reform Act:
With the exception of the historical information contained in this
release, the matters described herein contain forward-looking statements
that involve risk and uncertainties that may individually or mutually
impact the matters herein described, including but not limited to,
product acceptance, the ability to continually obtained increased orders
of its products, the ability to meet installation goals, economic,
competitive, governmental impacts, whether pending patents will be
granted or defendable, validity of intellectual property and patents,
the ability to license patents, the ability to commercialize
developmental products, as well as technological and/or other factors.
USA Technologies:
George
Jensen, Chairman & CEO
Stephen P. Herbert, President & COO
800-633-0340
sherbert@usatech.com
or
Investor
Relations:
Porter, LeVay & Rose
Marlon Nurse, Vice
President
212-564-4700
