Business Wire 13-Jan-2017 4:05 PM
New Generation ePort Designed to Bring More Value with Greater Functionality
MALVERN, Pa.--(BUSINESS WIRE)-- USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment technology provider of cashless and mobile transactions in self-serve retail, today announced the availability of the ePort Connect Platforms G10-S Series, which has been certified for use on the Verizon Wireless 4G LTE network. This latest generation ePort introduces advances in cashless payment processing, as well as mobile wallet and consumer engagement services. The new features are designed to capitalize on advances in both wireless technology and smartphone devices that make connecting businesses to consumers, and consumers to businesses, as frictionless as ever.
Highlighted services includes:
Investing in 4G LTE and mobile wallet loyalty means investing in the future - not just ours but our customers, said Stephen P. Herbert, Chairman and CEO, USA Technologies. By adding G10-S to our portfolio we believe that we can offer an even more robust suite of services with greater capabilities, combined with powerful processing and an enhanced consumer loyalty experience. USA Technologies is continually striving to add value for our customers by staying ahead of the technology curve. G10-S provides our customers with the latest in wireless technology as well as providing them access to our growing suite of services.
USATs ePort Connect provides seamless, turnkey cashless payments and telemetry services at nearly 450,000 locations nationwide. The company currently has one of the largest footprints of NFC-enabled mobile payments acceptance points in the U.S. market with over 300,000 NFC-equipped merchant locations at corporate complexes, universities, laundromats, in-store kiosks, and theme parks, among others.
The ePort G10-S was certified for use on the Verizon Wireless network at the Verizon Labs facility in Bedminster, N.J.
Availability: The G10-S is expected to be available in February 2017. For more information, please call +1 800-770-8539.
Useful Links: USA Technologies: https://usatech.com/Twitter: https://twitter.com/usa_techYouTube: https://www.youtube.com/user/USATechnologiesResource Center: https://usatech.com/resource-center/the-benefits
About ePort Connect: USAT's ePort Connect service is a PCI-compliant suite of cashless payment and telemetry services specially tailored to fit the needs of self-serve retail industries. Designed to be a "one-stop shop," services offered through ePort Connect include wireless and merchant account setup, simplified processing rates, settlement and reconciliation, 24 x 7 customer service and a host of value-added services, including mobile payment, loyalty programs and integrated payment services for micro-markets and other POS devices.
About USA Technologies: USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort G-series, ePort Mobile for customers on the go, ePort Interactive, and QuickConnect, an API Web service for developers. USA Technologies has 78 United States and foreign patents in force; and has agreements with Verizon, Visa, Chase Paymentech and customers such as Compass, AMI Entertainment and others. For more information, please visit the website at www.usatech.com.
Forward-looking Statements: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements. When used in this release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to USAT or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, the ability of USAT to predict future market conditions and consumer behavior; the possibility that all of the expected benefits and efficiencies from the ePort G10-S will not be realized by all vending operators and on all vending machines or within the expected time period; whether, and the extent to which, push messaging features would increase sales and participation at the point of sale; and the ability of USAT to operate without infringing or violating the intellectual property rights of others. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
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Source: USA Technologies, Inc.