USA Technologies (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.