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Crane, USAT Ink 3-Year Pact For Combined Cashless Vending System

Posted On: 6/10/2011

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Brad Ellis, George R. Jensen, vending, vending machine, vending machine business, Crane Co., Crane Merchandising Systems, USA Technologies Inc., ePort, cashless vending, Currenza cashless bill validator and card reader, automatic retailing, self-service, telemetry

WILLISTON, SC and MALVERN, PA -- Crane Merchandising Systems and USA Technologies Inc. said they entered a three-year agreement to offer a combined cashless vending solution to Crane customers in North America.

Under terms of the accord, USAT will provide card processing, wireless communications and data services under its ePort Connect Service to customers who use the new Crane's Currenza cashless bill validator and card reader. In addition, USAT will furnish appropriate hardware solutions and grant Crane a license for designated USAT patents.

"USA Technologies is delighted to work with Crane," said USAT chairman and chief executive George R. Jensen. "We are combining our best-in-class solutions, exceptional service and innovation, to bring to customers a proven cashless payment solution."

CMS president Brad Ellis explained that "Crane's new Currenza cashless bill validator and card reader, aligned with USAT's leadership in payment processing and telemetry services for vending, will provide a great value option to our customers. With our other offerings, this package further implements our strategy to support open standards for vending."

USA Technologies' ePort Connect is a payment and machine-to-machine telemetry service for vending machines. It is described as the industry's most "open" platform, providing payment and telemetry solutions in cooperation with four device manufacturers, several payment processors and three wireless services providers.

EPort Connect complies with Payment Card Industry (PCI) Level 1 requirements, providing a portfolio of services which enable vending, kiosk, and other self-serve retail machines to accept cashless payments and handle all elements of transaction processing, wireless connectivity and consumer support.

USA Technologies' ePort Connect service synchronizes DEX data remotely with Crane Streamware's VendMax vending management software suite, which provides vending route management, inventory control, prekitting, and dynamic route scheduling to operators.

Crane Merchandising Systems, a Crane Co. company, is one of the world's largest manufacturers of vending machines. It also is leader in payment systems, vending management software and wireless communication technology. It manufactures machines in Williston, SC. USA Technologies provides and supports wireless cashless transactions, associated financial and network services, and energy management. Its self-serve retail payment and telemetry solutions are used in the vending, amusement, commercial laundry, hospitality and digital imaging industries. The Malvern, PA, company, which has been granted 79 patents, has agreements with Verizon, Visa and others.