USA Technologies Announces ePort® G10-S, Unattended Retailing’s First Cashless Payment Solution with LTE Wireless Services
January 13 2017 - 4:05PM
Business Wire
New Generation ePort Designed to Bring More
Value with Greater Functionality
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 Platform’s 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:
- The ePort G10-S is the first 4G LTE
cashless payment device in the unattended small-ticket retail
industry. Nationwide availability of the G10-S is expected in
February 2017, and would enable USAT to offer its customers faster
processing and enhanced functionality, and make it possible to
support the sophisticated value-added services of ePort Connect as
technology and consumer requirements evolve.
- The nationwide availability of the
G10-S would enable USAT to offer its customers enhanced
functionality for payment and consumer engagement applications that
require higher speeds and large data loads; and make it possible to
support certain add-on features as technology and customer
requirements evolve. Another major advantage of upgrading to LTE is
that it provides a minimum ten-year network life span.
- USAT's ePort G10-S features Apple
Pay loyalty integration with the MORE. loyalty program. The ePort
G10-S device arrives ready to accept the next generation MORE.
loyalty and payroll deduct platform via Apple Pay, which was
announced and demonstrated last week at CES 2017.
- The ePort G10-S operates on a stronger
wireless signal than ever. The new design includes a second
“diversity antenna” giving it the ability to connect to wireless
networks over farther distances than devices with a single
antenna.
- Through USAT's augmented MORE. loyalty
program, brands have the ability to reach targeted consumers
directly, impacting buying behavior through their smartphones. The
push messaging features, enhanced by new functionality in the
G10-S, can even reward consumers instantly for acting upon the
messaging. These capabilities are designed to help operators
increase sales and participation at the point of sale, collect and
report on purchasing behavior for brands, and seamlessly reward
consumers in a relevant and targeted manner.
- USAT's platform gives vending operators
the ability to accept many payment methods, whether a consumer
prefers to use credit, debit, Apple, Android or Samsung Pay or even
one of the many closed loop loyalty, campus cards and payroll
deduct programs integrated with USAT’s MORE. program, ePort devices
are ready to accept the payment in a PCI Level 1 secure environment
and the G10-S processes the transaction faster than ever
before.
“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.”
USAT’s 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
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.
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.
--G-USAT
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version on businesswire.com: http://www.businesswire.com/news/home/20170113005686/en/
For USA Technologies, Inc.:Media:ANW NetworksMelissa
Hourigan, +1 720-988-3856Melissa@anwnetworks.comorInvestors:The
Blueshirt GroupMike Bishop, +1
415-217-4968mike@blueshirtgroup.com
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