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Cashless payment coming to a vending machine near you
Posted: 12-Oct-2004 [Source: USA Technologies]

[USA Technologies to provide nationwide availability of wireless credit card processing and non-cash transaction services via the AT&T Wireless GPRS network.]

Redmond, Wash. and Malvern, PA -- Credit cards and other cashless forms of payment soon will be coming to vending machines and other consumer-oriented, self-service devices across the U.S. This is now available through a wireless specialized telemetry solution announced today by AT&T Wireless (NYSE: AWE - News) and USA Technologies Inc. (OTC Bulletin Board: USTT - News). Under terms of the agreement, USA Technologies will provide nationwide availability of its e-Port wireless credit card processing and non-cash transaction services via the AT&T Wireless GSM(TM)/GPRS Network.

The AT&T Wireless-powered USA Technologies solution will make wireless credit card payment technology and networking of distributed assets available to a variety of industries, including vending, entertainment, hospitality, and kiosks. The AT&T Wireless GSM/GPRS network is available in more than 7,500 cities and towns, and along more than 30,000 of interstate highways across the U.S.

With the USA Technologies solution, vending companies, kiosk operators and others now have an economically viable way to accept a variety of electronic payments because they no longer have to incur the expense of pulling a dedicated telephone line. These businesses will have greater flexibility in where they can place their machines and their customers will have the convenience of an assortment of payment options.

"Together, we will enable everyday machines, whether it be a vending machine or a kiosk, to wirelessly process credit/debit and cashless payment," said Stephen P. Herbert, President and COO, USA Technologies. "We're also giving wireless customers on-line auditing and monitoring capabilities to allow for even greater control and service enhancements -- all adding up to even higher profits for the operator." he said.

"We're fast becoming a cashless society and innovative solutions such as those provided by USA Technologies give companies in the vending and other industries a reliable, cost-effective way to tap into this trend," said Charlie Bolton, Vice President, corporate markets group, for AT&T Wireless. "We're pleased to be working with USA Technologies to offer to their customers a wireless telemetry application that opens up so many exciting and different uses in so many new and emerging markets."

"The number of people wanting to make purchases with a credit card or other cashless methods for small ticket items are accelerating dramatically, and one such way is through the use of a wireless network," said Mr. Herbert. "We're finding our customers want the convenience of both cashless purchases and the capabilities of the nationwide AT&T Wireless GPRS network. It provides our customers with a more affordable solution, greater convenience and ease-of-use, and certainly more options," Mr. Herbert said.

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