Verizon Wireless and USA Technologies (News - Alert) have announced an alliance designed to accelerate the adoption of small-ticket, wireless, cashless payment services and machine-to-machine applications via USA Technologies’ ePort Connect Service. The USA Technologies solution will include the Verizon Wireless (News - Alert) network for connectivity that enables wireless point-of-sale payments at vending machines via credit and debit cards.
“In addition to providing our customers with the reputable service that Verizon has built its brand on, we believe that the sales agreement will enable us to increase our sales reach by having our ePort Connect cashless payments service now included in the Verizon sales toolkit,” said Stephen P. Herbert, president and COO, USA Technologies, in a statement.
“This represents an important milestone for USA Technologies as consumers continue to adapt to using credit or debit cards for small-ticket, wireless point-of-sale transactions.”
A top provider of small-ticket, wireless, non-cash transaction services to businesses and industries, including kiosks, hospitality, digital imaging and vending machine industry, USA Technologies has more than 100,000 machine-to-machine connections to its ePort Connect service.
USA Technologies hopes to benefit from Verizon Wireless’ Machine to Machine Management Center portal managed through nPhase, a Verizon-Qualcomm (News - Alert) joint venture.
“USA Technologies is a proven leader in the cashless payment technology space so it made perfect sense that they align themselves with a wireless service provider with unmatched reliability to help power that technology,” said Mario Turco, regional president for Verizon Wireless in Philadelphia.
Recently, USA Technologies announced the extension of employment agreements for the company's executive leadership team. Employment agreements for George Jensen, Jr., chairman and CEO; Stephen Herbert, president and COO; and David DeMedio, CFO; have been extended through June 2014.Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by John Lahtinen