Zur Erinnerung:
OTI to provide USA Technologies next generation contactless payment readers
Friday, October 27 2006
On Track Innovations says its contactless card readers will be installed by the end of the year on 10,000 USA Technologies-produced vending machines, enabling them to accept contactless cards from major credit card providers, including MasterCard, Visa, and American Express.
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FORT LEE, N.J.--On Track Innovations Ltd, a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, announced that USA Technologies, a leader in the networking of wireless non-cash transactions for financial/network services and energy management, has selected OTI to provide its next generation contactless reader solution to be integrated into USA Technologies' Generation Six (G6) e-Port cashless transaction solution, developed specifically to accept contactless payments for vending machines. Initial orders are for 10,000 readers with initial deliveries commencing before the end of the year.
The integrated solution is built to support the growing U.S. contactless payment market. As previously reported by USA Technologies, MasterCard International has teamed with The Philadelphia Coca-Cola Bottling Company and USA Technologies to enable 1,000 Coca-Cola vending machines with the e-port cashless transaction solution.
USA Technologies also announced that Bank of America has become the first bank to target the cashless vending market. In its evaluation, the bank is also using G6 cashless payment technology developed to accept all forms of payment including credit cards, fobs, contactless cards or other payment devices, in vending machines.
With MasterCard PayPass, ExpressPay from American Express and Visa contactless, the associations have initially focused on drug stores, quick service restaurants, movie theaters and other merchants where transactions are usually under $25.
Now the 40 billion dollar U.S. vending industry with more than 8 million vending machines, is beginning to expand the payment opportunities for customers who appreciate speed and convenience. With the new reader consumers no longer need to fumble for cash and coins. To use this technology, consumers simply tap their contactless-enabled card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transaction is complete.
George Jensen, Chairman and CEO, of USA Technologies said, "We are exceptionally pleased with the OTI reader for our G6 e-Port solution. And for the added value it brings our customers. The new product puts USA Technologies in the perfect position to further our relationships with vending operators, soft drink bottlers, credit card companies and banks."
Oded Bashan, President & CEO, OTI, stated, "the expansion to complementary markets of the traditional small contactless payments markets is a strong sign of confidence that the major financial institutions are pushing forward with their contactless programs. The vending machines market that relies today almost exclusively on cash can now enjoy the convenience and speed contactless payments can offer."
dazu eine neue Meldung:
Fantasy Entertainment Installs USA Technologies' Cashless Payment Technology in 1,000 Photo Kiosks Nationwide
Thursday September 27, 9:00 am ET
Global Photo Kiosk Company Innovates with USA Technologies' e-Port(R) Solution to Improve Operational Efficiency and Consumer Convenience
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies (NASDAQ:USAT - News) announced today that Fantasy Entertainment, a leading supplier of photo and imaging kiosks, has equipped 1,000 of its self-service photo booths nationwide with e-Port cashless payment technology.
Source: USA Technologies
· USA Technologies Provides e-Port Solution for Fantasy Entertainment Photo Kiosks (Graphic: Business Wire). View Multimedia Gallery
"The results of giving our customers the ability to use credit and debit cards are so impressive that we hope to expand the e-Port deployment to 2,000 photo booths within the next 18 months," said Dale Valvo, President, Fantasy Entertainment.
Photo booths equipped with USA Technologies' e-Port cashless solution allow consumers to use credit and debit cards when making payments, whether with traditional magnetic swipe or "tap and go" contactless cards.
"USA Technologies is excited to be working with Fantasy Entertainment and be among the first to bring cashless payment technology to the multi-billion dollar global kiosk market," said George R. Jensen, Chairman and CEO, USA Technologies. "The kiosk market in North America is expected to grow 44 percent in 2009 to more than 1,150,000 self-service machines."
Photo booths already account for more than 20 percent of all currently installed kiosks. Summit Research estimates there will be nearly 1.7 million kiosks worldwide by 2009.
Fantasy Entertainment chose the e-Port cashless solution for its ease of use, speed and convenience, giving consumers using the photo booths a more satisfying purchasing experience.
"As long as consumers can use 'plastic,' they don't need to bother with carrying cash. We have already noticed that many customers are making multiple purchases with their credit and debit cards, sometimes as many as five purchases," said Mr. Valvo.
USA Technologies' e-Port also gives Fantasy Entertainment the ability to monitor remotely photo booth performance and data 24x7.
"The e-Port ultimately will carry what we call our health and welfare data. Today, we stay in touch with our booths on 24x7 basis via a two way pager and proprietary software," said Mr. Valvo. "If there is a problem, the booth automatically notifies our customer service center and technicians of both type and extent of the problem. In the future, we will be utilizing the e-Port's communication network to transmit that data to improve our operational efficiency, reduce our monthly operating costs, and enhance kiosk security."
Fantasy Entertainment is among the first to utilize USA Technologies' recently announced e-Port Connect® service, which supports the company's e-Port cashless transaction product line, and web-based terminal reporting system, USALive®.
The e-Port Connect service enables merchants to remotely manage and mobilize on-line and by wireless their unattended cashless points-of-sale locations, providing merchant services, networking and communication services, technical support and consumer help desk, and electronic transfer of funds.
Fantasy Entertainment's 3,000 self-service kiosks are located in shopping and entertainment centers, malls, theme parks, zoos, aquariums, hotels and resorts nationwide. They include high-tech interactive photo systems where consumers can reproduce their image in multi categories, create artist quality sketches of portraits and photo strips on easily separated perforated sheets.
"USA Technologies' relationship with Fantasy Entertainment is further evidence of our product line's responsiveness to emerging cashless trends, and in driving new business, productivity and efficiency in the marketplace," said Mr. Jensen.
e-Port is already activating and operating a growing self-service market from vending machines and kiosks to a variety of point-of-sale terminals, dispensing everything from traditional beverages and snacks, to electronics, stationary, phone cards, CDs, videos, food items, t-shirts and document shredding services.
About Fantasy Entertainment
Fantasy Entertainment(SM) headquartered in Hudson, NH is the largest owner operator of electronic self-service photo imaging systems in North America. Founded in 1995, the privately held company owns and operates 3,000 entertainment photo imaging kiosks such as Foto Fun Strips, Portrait Studio®, Portrait to Anywhere® and Foto Cube®.
Fantasy Entertainment is currently exporting self-service photo imaging systems to over 25 countries and was named SBA's "2004 NH Small Business Exporter of the Year." Fantasy has booths located within marquis destinations such as: Disney, Sea World, Six Flags, major mall developers, zoos, museums, aquariums, casinos and hundreds of other high traffic outlets and tourist locations. "ABC's Extreme Makeover: Home Edition" has also featured their product, Foto Fun Strips on a recent episode.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has marketing agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for its energy management products , the ability to obtain new customers and the ability to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.