USA Technologies Issued 71st Patent

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Thu Oct 22, 2009 9:06am EDT

Latest Patent Covers Cashless Vending Transaction Data and Audit Data
Communicated Between Remote Locations


MALVERN, Pa.--(Business Wire)--
USA Technologies (NASDAQ: USAT) announced today the issuance to it by the US
Patent Office of a patent that covers the cashless wireless payment trends
sweeping the vending industry. 

The patent for invention number 7,593,897 is for a wireless system for
communicating cashless vending transaction data and vending machine audit data
to remote locations. 

"This latest patent makes claims in connection with our technology that allows
communications between point-to-point wirelesses, and wired WAN solutions, as
well as wired solutions in vending machines nationwide," said George R. Jensen,
Chairman and CEO, USA Technologies. "It grows the number of our patents to 71,
which adds confirmation to USA Technologies leadership in developing cashless
technology for vending, kiosk and unattended point-of-sale terminals," he said. 

The patent covers the technology in USAT`s ePort cashless payment system for
accepting financial card identification data as payment for items vended, and an
interactive interface, protocol, and support for interconnecting the system to a
computing platform. It further covers the ePort technology to accept card ID
data, authorizes the validity of the card, and executes and settles the
transaction payment for the goods and services that are vended. 

The latest patent comes just a month after USAT was reissued a similar patent
for a system to provide remote audit, cashless payment and interactive
transaction capabilities in a vending machine. 

USA Technologies has nearly 57,000 devices deployed on its network nationwide
and in Canada, with 600 customers, including many of the world`s largest vending
operators and bottlers, as well as global financial card companies. Last month,
USAT recorded a milestone when it topped a record $5 million in micro
transactions processed through its network for a month. 

"Today's marketplace is growing increasingly competitive with the introduction
of new Internet technologies almost daily, and the most successful businesses
will be those who leverage their intellectual property to give customers the
assurances they are looking for when buying technology based products and
services," said Mr. Jensen. "USAT has various patents covering our technology,
and we are anticipating increasing revenues as the vending, kiosk and unattended
POS industries convert to cashless and contactless payment systems," he said. 

USA Technologies also owns a variety of patents that apply to radio frequency
swipe card and contactless card technology. The technology allows consumers to
make purchases from vending machines by swiping or waving their credit cards in
front of the e-Port radio frequency reader. 

Demand for cashless payment technology and services is growing rapidly as more
consumers seek the ease and convenience of making cashless payments at vending
machines, and as vending machine operators pursue innovative efficiencies and
streamline operations to lower costs and grow customer satisfaction. 

About USA Technologies: 

USA Technologies is a leader in the networking of wireless non-cash
transactions, associated financial/network services and energy management. USA
Technologies provides networked credit card and other non-cash systems in the
vending, commercial laundry, hospitality and digital imaging industries. The
Company has agreements with AT&T, Visa, MasterCard, First Data, Compass and
others. For further information on USA Technologies, please visit
www.usatech.com. To view a Company overview presentation, visit
http://www.usatech.com/company_info/dl/USAT_company_overview.pdf

Statement under the Private Securities Litigation Reform Act: 

With the exception of the historical information contained in this release, the
matters described herein contain forward-looking statements that involve risk
and uncertainties that may individually or mutually impact the matters herein
described, including but not limited to, product acceptance, the ability to
continually obtained increased orders of its products, the ability to meet
installation goals, economic, competitive, governmental impacts, whether pending
patents will be granted or defendable, validity of intellectual property and
patents, the ability to license patents, the ability to commercialize
developmental products, as well as technological and/or other factors.

USA Technologies Contact:
George Jensen, Chairman & CEO, 800-633-0340
Stephen P. Herbert, President & COO, 800-633-0340
sherbert@usatech.com
or
Investor Relations Contact:
Porter, LeVay & Rose
Marlon Nurse, Vice President, 212-564-4700 



Copyright Business Wire 2009

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