USA Technologies Inc. and ViVOtech demonstrated near field communication (NFC) mobile payment technology for vending and wireless point of sale at the National Automatic Merchandising Association (NAMA) OneShow in Chicago, April 27 through 29, 2011.
USA Technologies, a provider of wireless cashless payments systems, teamed with ViVOtech, the NFC software and systems company, to demonstrate how USAT’s ePort terminal accepts mobile payment as well as traditional magnetic stripe cards, contactless cards, and other cashless forms of payment.
“With major players such as the mobile carriers, banks, card associations and others jockeying for position in the rapidly emerging mobile payments space, USA Technologies wanted to demonstrate to its customers that its ePort solutions are capable of handling mobile payments,” said Michael Lawlor, senior vice president of sales and business development, USA Technologies in a prepared statement. “In fact, the company already has approximately 50,000 mobile NFC payment-enabled ePort connections on its network.”
Added Mohammed Khan, ViVOtech founder and president: “USA Technologies’ mobile payment initiative is exactly the kind of real-world NFC application that consumers have been waiting for. Our efforts together are forever changing the shopping experience for the better.”
“We believe that the opportunity that mobile payment offers is vast and valuable, and USA Technologies intends to lead in this rapidly emerging space,” said Lawlor. “As mobile payments continue to accelerate, USA Technologies is well positioned to capitalize on the opportunity and bring even greater value to its customers through increased consumer convenience.”
USA Technologies announced earlier this week an agreement with Verizon that the companies believe will accelerate the adoption of small-ticket, wireless, cashless payment services and machine-to-machine applications via USA Technologies’ ePort Connect Service. Among other things, the agreement provides for USA Technologies ePort solution including the Verizon Wireless network for connectivity, as well as Verizon including the ePort solution for wireless, cashless point of sale and machine to machine applications in the Verizon sales toolkit.
USA Technologies is exhibiting in NAMA Expo booth number 222.