If you’ve been able to use a credit card at a vending machine, kiosk or laundromat, chances are you may thank USA Technologies for the convenient wireless and cashless technology the Malvern firm is pioneering.

The Nilson Report, a leading source of research on consumer payment systems, has named USAT the sixth largest shipper of point-of-sale terminals in the U.S. for the year 2013.  The report also placed USAT 28th among global shipments of POS technologies for 2013.

“We are proud of USAT’s continued, strong ranking for U.S. shipments— alongside top global players such as Ingenico, VeriFone, Equinox Payments and First Data—particularly because of USAT’s unique focus on self-serve markets such as vending, amusement and kiosk that are still in the early stages of cashless adoption,” said Maeve McKenna Duska, vice president of marketing for USA Technologies.

USAT’s POS device, ePort®, is a cashless payment system that drives connections to ePort Connect®—a PCI-compliant, comprehensive suite of cashless payment, telemetry and consumer engagement services that contributed to over 85 percent of USAT’s total revenues during the quarter ended March 31, 2014.

Recently, USAT announced it had crossed 250,000 connections to its ePort Connect service during its fiscal fourth quarter, supporting an approximate $50 million annualized run rate as revenues from those connections are fully realized in the first half of fiscal year 2015.

USA Technologies has been granted 87 patents. The company has agreements with Verizon, Visa, Elavon, Compass, Crane, AMI Entertainment and others.

Links:   www.usatech.com