USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today officially launched ePortGO TM an end-to-end cashless payment, dispatch and navigation solution designed to simplify and economize the daily processes of today’s taxi and for-hire vehicle businesses while accommodating the increasing demand for secure, in-vehicle credit/debit card acceptance.
ePortGO is an integrated system that enables credit/debit card fare payment, trip management, recordkeeping, vehicle dispatching, navigation, and other features all in one easy and cost-effective solution. ePortGO is also designed to be flexible; operators can start out with the standard service for metered or unmetered vehicles or opt for the Premium service that integrates dispatch, navigation and other features, such as a consumer mobile app displaying the operator’s personalized brand.
ePortGO is an extension of USAT’s ePort Mobile solution for secure credit/debit card mobile acceptance. ePortGO combines ePortMobile with software developed by eTaxi USA, LLC in addition to ePort Connect, USAT’s flagship cashless payment service that handles all aspects of credit/debit card acceptance—from merchant account setup to credit/debit card reconciliation and settlement to sales reporting and customer service.
“ePortGO provides the taxi and for-hire vehicle industry a terrific opportunity to strengthen many aspects of their business model by coupling the latest in smart phone technology with mobile payment trends,” said USAT’s Cary M. Sagady, senior vice president of product management and network services. “ePortGO is designed to be much more than a payment device; it turns a smartphone into a dynamic business terminal, essentially eliminating the need for costly, multi-hardware investments, redundant processes and higher “card not present” processing rates. And, for those operators that already take credit/debit cards, we believe the integrated functionalities of ePortGO and USAT’s proven expertise in cashless payment services can take fare payment to a much greater level in the taxi and for-hire vehicle industry.”