News
MasterCard's contactless PayPass tech hits vending machines
February 13, 2008
PURCHASE, N.Y. — MasterCard Worldwide and USA Technologies Inc. have added ePort cashless payment terminals to 17,500 vending machines throughout the United States.
According to a news release, more than 4,000 acceptance points for PayPass contactless payments have been added. Locations are now set up in New Hampshire, New Jersey, California, Washington, Michigan, Illinois, Florida, North Dakota, Ohio, Arizona, Texas, Georgia, Massachusetts, Maryland, Iowa, Minnesota and New York.
Among those who have decided to add or further expand ePort cashless technology to their fleets of vending machines are Ace Vending, Canteen Vending Services, Continental Vending, Continental Services, Custom Foods, Evergreen Vending, Fantasy Entertainment, McLiff Vending, Mid-Atlantic Vending, Peachtree Vending, Proformance Vending, Sanese Vending and Coca-Cola Enterprises.
"The ability to offer credit- and debit-card payment options to vending has had a big impact on business performance with vending machines equipped with the ePort. This includes 20 percent, 30 percent and in some cases 50 percent increases in year-over-year sales revenue growth," said George Jensen, USA Technologies' chairman and chief executive. "Surveys of our customers are showing that on average, consumers' card purchases are 30 percent higher than cash purchases in our deployments that accept MasterCard PayPass."
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