USA Technologies, Inc., founded in 1992 and headquartered in Malvern, Pennsylvania, supplies networked devices and wireless non-cash payment services, including intelligent vending, as well as energy management products. Its products let owners and operators of vending machines, personal computers, copiers, kiosks and laundry equipment offer cashless payment, along with remote monitoring, control and reporting. Its energy management products reduce the power use of equipment such as refrigerated vending machines and glass-front coolers.
The company sells through direct sales, distributors, channel sales and licensing, and has strategic relationships with MasterCard, Coca-Cola Enterprises, AT&T, First Data, Blackboard, ViVOtech and Sony. It held 69 patents with 27 pending, and had 35,000 ePort intelligent vending installations, about 6,000 laundry installations and about 1,000 other installations. At the end of September 2008, 42,000 terminals were connected to its USALive network, up 75% from a year earlier.
NASDAQ: USAT · Cashless payment technology