Merit Entertainment Selects ePort Connect (R) Credit-Debit Card Payment Solution for Megatouch Touchscreens
MALVERN, Pa. & BRISTOL, Pa., Nov 10, 2008 (BUSINESS WIRE) -- USA Technologies, Inc. (NASDAQ: USAT), and Merit Entertainment announced an agreement where Merit will install USA Technologies' ePort software in thousands of its new Megatouch touchscreen entertainment systems.
Merit, provider of industry-leading Megatouch countertop entertainment systems for 30 years, selected the ePort software and ePort Connect Services to help give Megatouch players the ability to pay with their debit or credit cards. USA Technologies' ePort Connect is the most successful cashless payment solution available for unattended point-of-sale terminals, kiosks and vending machines.
Merit will install the ePort cashless transaction software in all new domestic Megatouch products manufactured over the next three years. USA Technologies will act as the exclusive provider to Merit of card processing and credit-debit card data services.
"Our mission is to give customers the most enjoyable playing experience by delivering the best games, software, hardware, service, and support. With ePort Connect, Merit will give players the added ease and convenience of being able to use their credit or debit card to purchase credits on the Megatouch," said Colin Higbie, Director of Marketing, Merit Entertainment. "For operators, the ePort Connect cashless payment system means greater efficiency, improved reliability over coin and bill-only systems, and the preferred means of payment among our younger generation of customers, all of which work together to increase revenue, lower service costs, and increase overall ROI," he said.
"We are excited to be expanding the ePort Connect solution into the online entertainment market, and to work with Merit, the undisputed leading manufacturer of touchscreen amusement games, to help bring greater satisfaction to Megatouch customers," said Mike Lawlor, Vice President of Sales and New Business Development, USA Technologies. "Merit's decision to offer the cashless payment option is an example of the versatility of the ePort Connect solution, and highlights just how easily it can be applied to unattended POS terminals where cash or bills were formerly needed to activate the equipment. It is also verification of our hard work in developing the ePort Connect solution for the global kiosk market, which is turning to credit-debit card payment," he said.
Merit is the first company to bring the ePort cashless payment solution to the multi-billion dollar countertop touchscreen entertainment market. Merit has the lion's share of the touchscreen amusement market, with an estimated 250,000 Megatouch games in use, delivering more than four billion game play experiences for customers a year.
About MERIT Entertainment:
For over 30 years, Merit has ensured long-term return on investment for operators by providing continually high-earning equipment along with updates and upgrades for its products. With an installed base of over 250,000 touchscreen games garnering nearly 4.6 billion plays per year, Merit Entertainment is the worldwide leader in touchscreen entertainment devices appearing globally in a wide array of venues and appeal to an almost limitless demographic. Merit continues to expand its position in the industry with ever-increasing entertainment, content, and new games. The company maintains a website with all the latest information at www.meritgames.com.
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, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com.
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 its pending patents will be granted or defendable; validity of intellectual property and patents of USA, the ability of USA to license its patents, the ability of USA to commercialize its developmental products, technological and/or other factors, which could cause actual results or revenues to differ materially from those contemplated by these statements.
SOURCE: USA Technologies, Inc.
USA Technologies George Jensen, Chairman & CEO Stephen P. Herbert, President & COO 800-633-0340 sherbert@usatech.com or Investor Relations: Porter, LeVay & Rose Jeffrey Myhre Marlon Nurse 212-564-4700
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