USA Technologies and ViVOtech have decided upon an agreement where ViVOtech will provide 25,000 contactless and magnetic stripe card readers for USA Technologies’ ePort technology. USA Technologies made an initial purchase of 10,000 readers from ViVOtech in 2007 that were installed with the ePort in vending machines.
“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,” said George Jensen, chairman and CEO at USA Technologies Inc.
USA Technologies and MasterCard has also recently 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.
Mohammad Khan, president and founder of ViVOtech adds, “USA Technologies is clearly leading the introduction of this technology into the $46 billion vending industry. We are delighted to partner with USA Technologies to enable consumers to pay using their contactless cards, and NFC mobile phones at any contactless enabled vending machine.”
ePort Connect is the first complete portfolio of high-speed turnkey services for the 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, the Web site reports.