|[December 03, 2012]
USA Technologies and Isis Bring Mobile Commerce to Vending Machines
MALVERN, Pa. --(Business Wire)--
Technologies, Inc. (NASDAQ: USAT), ("USAT"), a leader of wireless,
cashless payment and M2M telemetry solutions for small-ticket,
self-serve retailing industries, today announced up to 7,500 vending
machines in Austin and Salt Lake City will be targeted for mobile
payment acceptance powered by USAT's NFC-enabled ePort® technology and
ePort Connect® service.
The Isis Mobile Wallet™ is expected to simplify the shopping and paying
experience as consumers make vending machine purchases with a simple tap
of their phone. As of September 30, 2012, approximately 50 percent of
USAT's ePort Connect service base of 174,000 connections utilized
NFC-enabled ePort technology.
"Our work with Isis is a great example of how we are executing our
comprehensive mobile payments strategy, including leveraging USAT's
growing footprint of NFC enabled touch points to bring more value to our
customers," said Stephen P. Herbert, Chairman and Chief Executive
Officer of USA Technologies (News - Alert). "We also believe that our work with Isis
sends a clear message to vending companies in these two cities-and to
the broader market we serve-that there is tremendous opportunity in
cashless adoption. Through the Isis Mobile Wallet, we believe these
merchants will have unparalleled new opportunity to attract consumers as
well as participate in marketing programs with global brand names."
To accept the Isis Mobile Wallet, vending operators can simply install
USAT's NFC-enabled technology and display the type of signage typical
for other payment networks.
"By working with USAT, we look forward to expanding the growing list of
places where consumers can use the Isis Mobile Wallet," said Jim
Stapleton, Chief Sales Officer, Isis. "Consumers can look forward to the
added convenience of tapping to pay at vending machines throughout
Austin and Salt Lake City."
For more information regarding USAT's cashless payment solutions or to
speak to a USAT sales representative, call 1-800-633-0340 and mention
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI (News - Alert)-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of the small ticket,
self-service retail industries. USA Technologies' also provides a broad
line of cashless acceptance technologies including its NFC-ready ePort®
G8, ePort Mobile™ for customers on the go, and QuickConnect™, an API Web
service for developers. USA Technologies has been granted 84 patents;
and has agreements with Verizon (News - Alert), Visa, Elavon and major customers such
as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.
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