MALVERN, PA -- USA Technologies Inc. announced on July 30 the signing of an amendment to its existing agreement with Visa to expand the deployment of its ePort cashless payment solution for vending machines with another 2,500 terminals. Once installed, some 4,000 vending machines nationwide will be equipped with USAT's latest cashless hardware.
The G8 ePort was principally designed to accept Visa payWave, a new payment feature that allows consumers to simply wave their Visa card in front of the 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.
USA Technologies chief George Jensen said the agreement also combines Visa's support with USAT's new cashless deployment planning services launched earlier this year. It provides ePort operators a comprehensive market analysis that helps them deploy their vending machines and kiosks in the most lucrative unattended cashless market segments.
"This deployment planning service utilizes our extensive historical market knowledgebase, and offers our customers in the vending, kiosk and other unattended point-of-sale terminal market sectors the ability to deploy their machines with near pinpoint accuracy in the most profitable business channels," Jensen added.
"More and more consumers are using Visa payWave-enabled products for the smallest of purchases," said 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, based here, provides cashless payment solutions to the vending, kiosk, online laundry and self-serve point of sale markets, with nearly 50,000 devices already in service. ePort has been installed in traditional vending markets, as well as in the photo kiosk, laundry service, hospitality, coffee, entertainment, transportation, gas station and convenience store industries.