24.04.2007 12:30:00
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Six Leading Vending Companies Install USA Technologies e-Port Technology to Accept MasterCard(TM) PayPass(R) Contactless Payments
MasterCard Worldwide and USA Technologies (NASDAQ: USAT) announced today
that six of America’s most prominent vending
companies are installing e-Port® cashless
payment technology on their vending machines to accept MasterCard PayPass
cards and devices.
The six vending machine companies participating in the MasterCard and
USA Technologies rollout are North County Vending, Five Star Food
Service, A & B Vending, First Class Vending, Mid-Atlantic Vending, and
PGI Services. These machines are part of the deployment of 5,000 PayPass-
and cashless- enabled vending machines announced late last year.
"As a result of our work with USA
Technologies, MasterCard PayPass is now available on vending
machines in major cities across the US, giving consumers a faster, more
convenient way to make purchases from beverage and snack machines,”
said T.J. Sharkey, Group Head, National Accounts, U.S. Commerce
Development, MasterCard Worldwide. "We are
making it easier for bottling and vending companies to offer more
diverse products with higher price points to consumers, while at the
same time enhancing the customer’s purchasing
experience.”
The USA Technologies wireless activated e-Port G6 allows vending machine
customers to use either their traditional magnetic-stripe credit cards
or new contactless cards such as MasterCard PayPass to make
purchases. With PayPass, consumers simply wave their cards in
front of the e-Port wireless reader, or tap the reader. MasterCard is
leading the cashless and contactless payments drive in vending machines
with the support of USA Technologies industry-leading wireless
technology.
"Cashless payment technology offers vending
machine customers more payment choices, adds security and improves
auditing, while providing greater ease and speed when making purchases,”
said Stephen P. Herbert, President and COO, USA Technologies. "The
$46 billion vending industry is rapidly converting to cashless payment,
offering operators improved efficiencies and new revenue streams. The
e-Port G6 is the only technology that accepts all mediums of payment -
cash, cashless or contactless.”
The six latest rollouts follow e-Port G6 deployments by several of the
nation’s largest bottling companies,
including Coca-Cola Bottling Company United Inc., the third largest
bottler in America and largest independently owned bottler, the
Philadelphia Coca-Cola Bottling Company, the fourth largest Coke bottler
in the nation, the Great-Plains Coca-Cola Bottling Company, one of the
largest family businesses in the State of Oklahoma, and Cadbury
Schweppes Americas Beverages (CSAB), whose brands include Dr Pepper,
7UP, Snapple, A&W Root Beer, Hawaiian Punch, Canada Dry, and Mott's.
These six vending machine companies service many of the biggest vending
markets in the US:
North County Vending, a leading US vending company, services
California, Washington, Oregon, Colorado, Arizona and Nevada, and was
among the first to install e-Port cashless transaction technology to
help overcome theft and vandalism of vending machines.
Five Star Food Service, the sixth largest vending company in the
nation, has operations in Georgia, Alabama, Tennessee, South Carolina,
North Carolina, Virginia, Kentucky and Florida.
A&B Vending Co, Inc. of New England, provides snack, beverage, food
and coffee services, and already accepts MasterCard, Visa, American
Express and Discover card payments at vending machines.
First Class Vending, an independently owned Vending Service Provider,
services Southern California’s Los Angeles,
Ventura, San Bernardino, Riverside, Orange and San Diego counties.
Mid-Atlantic Vending, located in Philadelphia, PA, is one of America's
leading distributors and operators of mobile street vending and
machine vending of ice creams.
PGI Services Inc., operates full-line vending services in Utah,
Florida, and Illinois, and was one of the earliest adopters of
cashless vending.
"According to the U.S. Department of
Commerce, credit card usage now constitutes more than half of all retail
transactions annually, and studies show that about 50% of consumers will
not purchase from vending machines when the "use correct change" light
is highlighted,” said Herbert. "The
e-Port G6 responds to the growing global cashless trend and it overcomes
the inconvenience of not having correct change, delivering overall
improved customer satisfaction.”
MasterCard PayPass uses radio frequency technology to transmit
payment details between the PayPass device and the merchant's
terminal. The transaction is processed through the MasterCard network
for clearing and settlement. PayPass cards include magnetic
stripe technology for traditional swipe card payments, and can be
offered on non-card devices, such as a convenient payment tag that fits
on a key chain for easy access.
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavy
environments where speed is essential, and has led the way in bringing
contactless technology to consumer categories such as quick serve
restaurants, drug stores, gas stations, vending machines, convenience
stores, sports arenas, movie theaters, transit systems and parking
garages. There are nearly 13 million PayPass cards and devices
issued globally, and PayPass is currently accepted globally at
46,000 merchant locations, including participating 7-Eleven, CVS,
McDonald's, Regal Entertainment Group theaters and many others. PayPass
is also accepted at numerous football and baseball stadiums. For more
information about MasterCard PayPass and a full list of
participating merchants, visit www.mastercard.com/PayPass.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 16 billion
transactions each year, and provides industry-leading analysis and
consulting services to financial institution customers and merchants.
Through its family of brands, including MasterCard®,
Maestro® and Cirrus®,
MasterCard serves consumers and businesses in more than 210 countries
and territories. For more information go to http://www.mastercard.com.
About USA Technologies
USA Technologies is a leader in the networking of wireless non-cash
transactions, associated financial/network services and energy
management. USA Technologies provides networked credit card and other
non-cash systems in the vending, commercial laundry, hospitality and
digital imaging industries. USA Technologies is an IBM Business Partner.
The Company has marketing agreements with Cingular Wireless, Honeywell,
MEI, and ZiLOG Corporation. For further information on USA Technologies,
please visit www.usatech.com.
Statement under the Private Securities
Litigation Reform Act:
With the exception of the historical information contained in this
release, the matters described herein contain forward-looking statements
that involve risk and uncertainties that may individually or mutually
impact the matters herein described, including but not limited to, the
ability of the Company to increase revenues in the future due to the
developing and unpredictable markets for its products, the ability to
achieve a positive cash flow from operations, the ability to obtain
operating profit, the ability to obtain orders for its energy management
products, the ability to obtain new customers and the ability to
commercialize its products, which could cause actual results or revenues
to differ materially from those contemplated by these statements.
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