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MALVERN, Pa., Dec. 7 /PRNewswire-FirstCall/ – USA Technologies, Inc. (BULLETIN BOARD: USTT) , announced today that it has invested in an extensive product line of cashless technology that can capitalize on the Federal Reserve finding that electronic transactions had outpaced check payments for the first time.
“The Federal Reserve’s findings support our vision of a wireless networked, cashless global marketplace, especially targeting the vending and emerging kiosk industries, and our ‘next gen’ e-Port™ cashless payment technology is expected to be in demand,” said Mr. Jensen. “We began our cashless journey 10 years ago, and already we’re managing more than one- million electronic transactions a month through our cashless product line and have 55 patents to protect this opportunity.”
In response to today’s announcement that electronic payment transactions last year totaled 44.5 billion, exceeding 36.7 billion check transactions, Mr. Jensen said USA Technologies’ own studies indicated there were 1.7 billion credit cards in circulation worldwide, with one-billion in the United States alone.
“We are delighted with the findings, and we’re exceptionally well positioned to take advantage of the rapidly emerging trend to cashless payments with credit/debit cards, or any other wireless device,” said Mr. Jensen. “Our customers are among some of the biggest businesses in the world, and they share our vision of a cashless society, linked to the Internet by wireless, using just about any kind of cashless payment system.”
raidersnewsupdate.com/lead-story15.htm
“The Federal Reserve’s findings support our vision of a wireless networked, cashless global marketplace, especially targeting the vending and emerging kiosk industries, and our ‘next gen’ e-Port™ cashless payment technology is expected to be in demand,” said Mr. Jensen. “We began our cashless journey 10 years ago, and already we’re managing more than one- million electronic transactions a month through our cashless product line and have 55 patents to protect this opportunity.”
In response to today’s announcement that electronic payment transactions last year totaled 44.5 billion, exceeding 36.7 billion check transactions, Mr. Jensen said USA Technologies’ own studies indicated there were 1.7 billion credit cards in circulation worldwide, with one-billion in the United States alone.
“We are delighted with the findings, and we’re exceptionally well positioned to take advantage of the rapidly emerging trend to cashless payments with credit/debit cards, or any other wireless device,” said Mr. Jensen. “Our customers are among some of the biggest businesses in the world, and they share our vision of a cashless society, linked to the Internet by wireless, using just about any kind of cashless payment system.”
raidersnewsupdate.com/lead-story15.htm