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USA Technologies announces contactless debit card capabilities in Canada.

M2 EQUITYBITES-November 9, 2018-USA Technologies announces contactless debit card capabilities in Canada

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USA Technologies, Inc. (NASDAQ:USAT), a premier digital payment, consumer engagement and logistics service provider for the self-service retail market, has announced the availability of ePort G9 with Interac Flash, a contactless debit solution, to the Canadian market, the company said.

Using the ePort G9, unattended retail businesses in Canada can expand their payment acceptance options by providing consumers with the ability to use their Interac Flash-enabled bank debit cards when making purchases.

The ePort G9 is a PCI-Compliant, Interac Flash compatible, two-piece card reader and telemetry system which we found, in a year-long study of 100,000 machines conducted in 2015, to contribute to an increase in average annual cashless sales in the unattended, self-serve retail market by as much as 28%. It supports both traditional magnetic stripe credit along with the newer, NFC technology found in contactless cards and mobile wallets. The hardware is supported by the full ePort Connect and Seed suite of services, providing one of the unattended retail industry's first enterprise solutions.

USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort[R] G-series, ePort Mobile[R] for customers on the go, ePort[R] Interactive, and QuickConnect, an API Web service for developers. Through its acquisition of Cantaloupe Systems, Inc. ("Cantaloupe"), the company also offers logistics, dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management solutions. Cantaloupe is a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee services.

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Publication:M2 EquityBites (EQB)
Date:Nov 9, 2018
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