MALVERN, Pa., May 13, 2009 (BUSINESS WIRE) -- USA Technologies (NASDAQ: USAT) announced today the availability of ePort SDK(TM), a software version of its ePort cashless transaction technology that includes enhanced security features.

ePort SDK offers all the benefits of the traditional ePort device in a software package. Combined with the Company's ePort Connect Service for payment processing, consumer support and online reporting, the solution provides end-to-end encryption on all credit and debit card transactions.

"Ensuring the security for our customers is a priority at USA Technologies to counter identity theft and credit/debit card fraud," said Ron Fridman, VP of Engineering, USA Technologies. "The e-Port SDK software offers our customers financial security, from the swipe of their card, through the transaction and to the completion of the purchase."

The software-based ePort SDK is designed for applications in which a customer's unattended point of sale solution has computing power 'built in' - overcoming the need for a standard ePort terminal. The ePort SDK software will run on both Linux and Windows based computing platforms.

The ePort SDK enables kiosks and other PC-based unattended retail locations to accept cashless payment. The product is particularly well suited to the kiosk market, where it is already being used by USA Technologies' customers including Merit Entertainment and TeknovationUS. The software is also designed for use with next generation vending machine controllers which are being developed by several vending manufacturers and their component suppliers.

The ePort SDK solution utilizes MagneSafeT state-of-the-art security technology from MagTek Inc. The technology uses a proven industry standard encryption algorithm that delivers the most stringent security available without the need to add decoding equipment. The MagneSafeT encrypts financial card data inside the payment terminal read head at the time of the card swipe, and the data remains encrypted until the data is securely transferred to a payment processor.

"We take our responsibility to protect consumer card data very seriously and are committed to doing everything in our power to protect our customers from card fraud and ID theft," said Mr. Fridman. "The ePort SDK solution meets the industry's highest security standards."

USA Technologies was certified by Visa as a Level One PCI Service Provider earlier this year, and continues its commitment to further strengthen customer security with the introduction of the ePort SDK.

About MagTek:

Founded in 1972, MagTek is the leading provider of the technology that makes transactions easier, faster, and safer. MagTek has developed many secure product lines that meet the transaction needs of retail, financial, and OEM markets. As one of the pioneers in the development of industry standards for cards, checks, and PINs, MagTek's products are used by millions of people every day at financial institutions, supermarkets, gas stations, restaurants, casinos, hotels, on airplane seatbacks, ATMs, self-service kiosks, and POS terminals. If you swipe, scan, dip, PIN, or slide, you're likely to find MagTek security inside.

MagTek has sales offices throughout the United States, Europe, and Asia, as well as independent distributors in over 40 countries.

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. 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, ability to reduce operating costs in the future as anticipated, ability to maintain the gross margins in the future as anticipated, 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.

SOURCE: USA Technologies

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

Copyright Business Wire 2009