USA Technologies and ViVOtech expand relationship to meet increasing market demand
USA Technologies and ViVOtech announced that in response to market demand, the companies have entered into an agreement by which ViVOtech would provide 25,000 contactless/magstripe card readers for USAT’s ePort technology.
This order follows USA Technologies making an initial purchase of 10,000 readers from ViVOtech in 2007 that were installed with the ePort in vending machines owned and operated by some of the biggest bottlers and vending companies in America.
It also comes after news that USA Technologies and MasterCard had equipped 17,500 vending machines nationwide with ePort cashless terminals to accept MasterCard’s PayPass contactless payment system, and Discover Network had installed ePort in 1,000 vending machines to accept Discover Network Zip contactless payment technology.
“Our latest order of 25,000 wireless readers is in response to increasing demand from the vending industry for our contactless technology. Adoption of our ePort technology is increasing, as are sales,” said George Jensen Chairman and CEO, USA Technologies Inc.
ePort Connect is the first complete portfolio of high-speed turnkey services for the multi-billion dollar unattended point-of-sale market. ePort Connect enables self-service terminals to accept all forms of cashless payments, handles all elements of the transaction processing, and allows customers to monitor and manage their terminals online.
In recent studies done by USA Technologies, their customer base is realizing an increase in net profits and finding that average credit card purchases are 30% greater than purchases made with cash. Additionally, the adoption of contactless payments is growing worldwide as more retail customers embrace new technologies that ensure a quick, easy and secure way to pay. ![[end]](/resources/bullet/contactlessnews-4.gif)
