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TheStreet Open House

USA Technologies And Isis Bring Mobile Commerce To Vending Machines

Stock quotes in this article: USAT

USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today announced up to 7,500 vending machines in Austin and Salt Lake City will be targeted for mobile payment acceptance powered by USAT’s NFC-enabled ePort® technology and ePort Connect® service.

The Isis Mobile Wallet™ is expected to simplify the shopping and paying experience as consumers make vending machine purchases with a simple tap of their phone. As of September 30, 2012, approximately 50 percent of USAT’s ePort Connect service base of 174,000 connections utilized NFC-enabled ePort technology.

“Our work with Isis is a great example of how we are executing our comprehensive mobile payments strategy, including leveraging USAT’s growing footprint of NFC enabled touch points to bring more value to our customers,” said Stephen P. Herbert, Chairman and Chief Executive Officer of USA Technologies. “We also believe that our work with Isis sends a clear message to vending companies in these two cities—and to the broader market we serve—that there is tremendous opportunity in cashless adoption. Through the Isis Mobile Wallet, we believe these merchants will have unparalleled new opportunity to attract consumers as well as participate in marketing programs with global brand names.”

To accept the Isis Mobile Wallet, vending operators can simply install USAT’s NFC-enabled technology and display the type of signage typical for other payment networks.

“By working with USAT, we look forward to expanding the growing list of places where consumers can use the Isis Mobile Wallet,” said Jim Stapleton, Chief Sales Officer, Isis. “Consumers can look forward to the added convenience of tapping to pay at vending machines throughout Austin and Salt Lake City.”

For more information regarding USAT’s cashless payment solutions or to speak to a USAT sales representative, call 1-800-633-0340 and mention Isis launch.

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