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Verizon Wireless And USAT Team Up To Offer Cashless Payment Services

Posted On: 5/10/2011

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vending, vending machine, vending machine business, automatic retailing, cashless vending, Verizon Wireless, USA Technologies, Stephen P. Herbert, Mario Turco, m2m, Verizon Machine-to-Machine Management Center, nPhase, ePort Connect

PHILADELPHIA -- Verizon Wireless and USA Technologies Inc. announced in April a collaborative effort to accelerate the adoption of wireless small-ticket cashless payment capability and "machine-to-machine" applications through USAT's ePort Connect service. USAT solutions will now include the Verizon Wireless network for connectivity that enables cashless payments at vending machines, using credit and debit cards.

USAT says it has more than 100,000 m2m connections to ePort Connect, used by operators of vending machines, kiosks and digital imaging equipment, among other unattended points of sale. The company also expects to benefit from Verizon Wireless's Machine-to-Machine Management Center. The m2m portal is managed through nPhase, a joint venture between Verizon Wireless and Qualcomm that has played a pioneering role in assisting businesses to speed deployment of m2m applications.

"Our association with Verizon Wireless aligns us with a powerful leading global brand in the wireless communications industry," said USAT president and chief executive Stephen P. Herbert. "In addition to providing our customers with the reputable service that Verizon has built its brand on, we believe that the sales agreement will enable us to increase our sales reach by having our ePort Connect cashless payments service now included in the Verizon sales toolkit."

Mario Turco, regional president of Verizon Wireless in Philadelphia, said that the communications giant will work with USAT to offer a cost-effective and turnkey noncash payment solutions to B2B customers

Verizon offers wireless and wireline products and services that provide networking capabilities to enterprise and government customers. It operates the nation's fastest 4G network and largest 3G network. Verizon Wireless is a joint venture of Verizon Communications and Vodafone.

USA Technologies is a leader in wireless, small-ticket cashless transactions, associated financial-network services and energy management. The company provides networked credit card and other noncash systems to the vending, commercial laundry, hospitality and digital imaging industries.