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Canteen Vending Services Installs USA Technologies' e-Port(R) Card Payment Solution.


Leading Vending Company Deploys Credit/Debit System in its Northern Florida Vending Market to Accept MasterCard PayPass Contactless Payments Contactless payment systems are credit cards, key fobs, or other devices which use RFID for making secure payments. The built in chip and antenna enable consumers to wave their card or fob over a reader at the point of sale.  

PURCHASE, N.Y. -- MasterCard Worldwide and USA Technologies Inc (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:USAT USAT USA Today (newspaper)
USAT USA Triathlon
USAT Ultra Small Aperture Terminal
USAT United States Army Transport
USAT United States Archery Team
USAT Universal SIM Application Toolkit
USAT United Savings Association of Texas
) announced today that Canteen Vending Services is installing e-Port terminals that accept MasterCard PayPass on vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards.  in its Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation).
Jacksonville is the largest city in the state of Florida and the county seat of Duval County.
 marketplace.

Canteen has installed and is testing the credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  payment systems and contactless capabilities in vending machines across a variety of its Jacksonville market, from colleges and education, healthcare and retail, to lodging, business and the workplace.

The Canteen installations come as other vending industry leaders are also installing e-Port. In total, the installations of more than 13,500 e-Port/PayPass terminals have been announced in recent months.

"As a world leader in vending, Canteen's recognition of the added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:

Added Value = Sales - Purchases - Labour Costs - Capital Costs
 that payment card acceptance delivers to consumers and vendors, sets an industry standard," said T.J. Sharkey, Group Head, U.S. Commerce Development, MasterCard Worldwide. "Our previous vending deployments show higher purchase volumes when consumers are not limited to the cash they have on hand. When they have the choice to pay with cash or payment cards, they buy what they want. At the machines that were deployed in Philadelphia last year for example, consumers purchased an average of 32% more when using a card to make a vending purchase."

USA Technologies e-Port gives customers the ability to use either their magnetic-stripe payment cards to make purchases from vending machines, or new wireless activated contactless cards where consumers tap or wave their cards on the transaction reader.

"We are excited to be working with MasterCard and with a company the size and stature of Canteen in deploying more of our wireless activated cashless technology and services in vending machines," said Stephen P. Herbert, President and COO, USA Technologies Inc. "Together, USA Technologies and MasterCard are providing a payment system that gives consumers the ultimate in speed and convenience when making purchases from vending machines," he said.

The e-Port G6 is industry-leading technology that accepts all mediums of payment, whether cash, cashless or contactless, and all forms of cards, credit, debit, magnetic strip and wireless contactless. The e-Port is the first technology in the vending industry to respond to the rapidly emerging cashless trend sweeping the U.S. marketplace. It also targets other significant unattended point-of-sale markets in mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages


Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a
, road tolls and parking, laundry and business center services.

About MasterCard PayPass

MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories such as quick serve restaurants, drug stores, gas stations, vending machines, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , sports arenas, movie theaters, transit systems and parking garages. As of 2Q 2007, there are over 16 million PayPass cards and devices in the market, and PayPass is currently accepted globally at 55,000 merchant locations globally, including participating 7-Eleven, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. , McDonald's, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous football and baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit www.mastercard.com/PayPass.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 16 billion transactions each year, and provides industry-leading analysis and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and services"
 to financial institution customers and merchants. Through its family of brands, including MasterCard[R], Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. [R] and Cirrus[R], MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to http://www.mastercard.com.

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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and :

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Aug 29, 2007
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