Technology Conforms to Connectivity Standard as
Industry Continues to Adopt Cashless Payment Option
Company Exhibiting at Booth #558
IAAPA ATTRACTIONS EXPO - USA Technologies, Inc.
(NASDAQ:USAT) ("USAT"), a premier payment technology service
provider of integrated cashless and mobile transactions in the
self-service retail market, today announced the launch of its
Universal Card Link (UCL) Connector. The UCL Connector brings
industry operators in the amusement and arcade industry the ability
to connect cashless payment options such as credit and debit card
and NFC (Mobile Wallet) like Apple Pay and Android Pay to their
equipment, with the ease of a single cable. The company will be
demonstrating the product at booth #558.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161116005594/en/
USA Technologies' Universal Card Link
(UCL) Connector (Photo: Business Wire)
“As companies look to scale their business and make use of
contactless payment platforms, the ability to accept cashless and
mobile payments becomes a huge challenge when all the existing
equipment needs to be updated,” said Tina Schwartz, business and
finance manager, American Amusement Machine Association (AAMA).
“Becoming compliant with the new standards has become paramount,
and USA Technologies is the only payments solutions provider that
offers a simple fix that eliminates expensive equipment upgrades.
This connector also enhances ease of use, and will help entice
consumers to buy more, play longer and come back more often, while
future-proofing our business by ensuring acceptance of mobile
payments as it moves to mainstream.”
USAT developed the connector in response to the guidelines put
forth in November 2014 by the American Amusement Machine
Association (AAMA) Standardization Committee. AAMA’s Universal
Connector Link (UCL) Manual provides specifications for
implementing a standard UCL connector harness for newly developed
redemption/video games. USAT’s UCL Connector paired with the
company’s ePort ConnectG9® hardware, seamlessly links up the
harness to enable connectivity without the need to cut or splice
cables. This eliminates time consuming setup or potential damage to
card processors or amusement machines. The UCL Connector is a
retrofit solution for machines built with a harness including
most manufactured after November, 2014.
“According to AnythingResearch, the amusement arcade market is
about a $2 billion business, and cashless payments represent a huge
growth opportunity for the still-cash-based market. We believe the
operators want a simple, easy solution that can connect all their
machines to capture cash and credit reporting, as well as
incremental sales," said Maeve McKenna-Duska, senior vice president
of sales and marketing, USA Technologies. “The development of the
UCL Connector was based on feedback from the industry and enables
us to tap a portion of the amusement and arcade market that may
have been incompatible with existing cashless payment solutions. By
offering amusement operators the ability to provide cashless
payment options to their consumers, we believe we offer them the
ability to benefit in ways similar to other self-serve retail
industries, such as higher sales and more repeat visits equating to
higher revenue and greater return on investment.”
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.
Pricing and Availability:
The UCL Connector is available immediately. We are offering
special pricing for the duration of the show: purchase EDGE Pulse
Hardware at $99; Jumpstart rent at $9.99 per month. For more
information, please visit our website.
Universal Card Link (UCL) Connector Part Numbers:
- Part # VVVUT0102000 G9 CDMA wireless
with IDTech Bezel
- Part # VVVUT0102100 G9 CDMA wireless
with OTI Bezel
- Part # VVWUT0102000 G9 HSPA wireless
with IDTech Bezel
- Part # VVWUT0102100 G9 HSPA wireless
with OTI Bezel
Useful Links & Information: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
Sales and Partnership Inquiries:
Please contact USA Technologies, Inc. at +1 800.633.0340 or
sales@usatech.com.
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.
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, 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, business, financial market and
economic conditions; whether, and the extent to which, the UCL
Connector will influence operators in the amusement and gaming
industry to adopt cashless payment capabilities; the ability of
USAT to estimate the size of markets and their segments, and
predict future market conditions and consumer behavior; and the
possibility that all of the expected benefits and efficiencies from
adoption of the ePort Connect cashless payment service will not be
realized by all vending operators. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161116005594/en/
For USA TechnologiesANW NetworksAlicia V. Nieva-Woodgate,
+1 415.515.0866alicia@anwnetworks.comorInvestor
Relations:Blueshirt GroupMichael Bishop +1
415.217.4968mike@blueshirtgroup.com
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