MasterCard Worldwide (NYSE: MA) and USA Technologies (OTC Bulletin Board: USAT) today announced that 5,000 additional self service point-of-sale terminals, including vending machines, will be equipped with the e-Port cashless transaction solution to begin accepting MasterCard® PayPass.
The deployment is the largest rollout to date of contactless technology in self service point of sale and vending machines.
This landmark rollout of an additional 5,000 self service locations follows the recent successful deployment of USA Technologies' e-Port by MasterCard and USA Technologies in vending machines in Philadelphia and the surrounding tri-state area. The 5,000 e-Ports will be deployed throughout the U.S. in New York City, Dallas, Chicago, Las Vegas, San Francisco, Los Angeles, Boston, Washington D.C., Denver, Seattle, Miami and Orlando. The deployment will encompass several major brand names, in multiple environments including workplace environments, entertainment locations, travel locations, educational institutions, healthcare facilities and others. USA Technologies' Generation Six (G6) e-Port radio frequency technology was developed specifically to accept contactless payments such as MasterCard PayPass.
"The self-service point-of-sale industry, including vending, is largely untapped by cashless payment companies, and offers huge opportunity for growth and expansion," said T.J. Sharkey, Group Head, National Accounts, U.S. Commerce Development, MasterCard Worldwide. "PayPass is helping to revolutionize these industries by providing speed and convenience to consumers, and new efficiencies and increased transaction revenues to operators."
Consumers no longer need cash and coins. To use the e-Port cashless payment technology, consumers simply tap their MasterCard PayPass-enabled payment card or device on the e-Port terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transaction is complete. As with all MasterCard PayPass transactions under $25, no signature will be required. The terminals will also accept traditional magnetic-stripe payment cards.
"It is very exciting to continue our work with MasterCard to further deploy our e-Port technology in major cities across the United States," said Stephen P. Herbert, President and COO of USA Technologies. "This deployment, coming soon after the successful rollout of 1,000 e-Port devices in Philadelphia and surrounding areas, confirms an accelerating trend in the vending industry to convert to cashless transactions. Our Company is honored to have MasterCard Worldwide continue and expand this important relationship to utilize our e-Port technology to bring MasterCard PayPass to multiple major brands nationwide."
"We again chose USA Technologies for its proven ability to deliver a robust, scaleable, turnkey solution for rapid PayPass vending deployments," said T.J. Sharkey. "We applaud all the merchants involved in this latest deployment as innovators embracing the latest in technology to enhance the consumers' purchasing and brand experience."
With this latest cashless expansion, MasterCard and USA Technologies will have deployed 6,000 PayPass enabled e-Port devices in major metropolitan U.S. cities over the past six months.