News

USA Techologies announces $5 million transaction-processing milestone

October 14, 2009

USA Technologies Inc., a provider of networked cashless payments systems for vending machines and kiosks, today announced it has surpassed $5 million in cashless micro-transactions processed through its network in a single month. The company reached the milestone in September, when it processed a record 2.7 million transactions.

Stephen P. Herbert, president and COO of USA Technologies, says the milestone illustrates that consumers will continue the trend toward cashless transactions:

The $5 million processing milestone … (confirms) that consumers overwhelmingly prefer to use their credit and debit cards for everyday purchases and are increasingly more comfortable using them at self-service retail outlets like vending machines.

USA Technologies supports cashless transactions on 57,000 devices in the U.S. and Canada for more than 600 clients, the company says.