USAT Announces Upgrades and Expansion of ePort Product Family to Accept EMV Contact and Contactless Payments
ePort G10-Chip Cashless Reader Expands Payment Device Options for Customers, Accepting Contact EMV (chip cards) and Contactless EMV (tap)
ePort G10-S Completes Free Over-the-Air Upgrade to Accept Contactless EMV Payments
Europay, Mastercard,
USAT has expanded its capabilities to accept EMV payments for operators who wish to provide consumers with premium fraud protection. The EMV security features for both the ePort G10-Chip and ePort G10-S are the same. Now these businesses can use USAT’s new offerings to stand out in the market, and deliver a better consumer experience, driven by the increased demand in “tap and go” or cashless that has accelerated since the onset of COVID-19. A recent study conducted by USAT found that since the start of the pandemic, the unattended retail industry has seen a steady decline in the use of cash, as well as an increase in contactless transactions that outpaced non-contactless transactions by 8x.
“We continuously enhance our product portfolio in order to provide our customers with the latest technology in payments. As part of this commitment, we began deploying the next phase of our EMV capabilities in early February to address operators’ increasing security requirements. The new EMV Chip reader is a new addition to our product portfolio that enables us to address market needs and future requirements,” said
The New ePort G10-Chip Reader
The ePort G10-Chip is a new cashless reader that will accept contact EMV (chip cards) and contactless EMV (tap) payment methods. The reader will function with the existing G10 telemeter and will report into
The ePort G10-S EMV “Over the Air” Upgrade for Contactless Payments
In an effort to continuously innovate and future proof our devices in the field, this past February, ePort G10-S received a free over-the-air upgrade, enabling contactless EMV payments, to the majority of existing connected readers. Newer G10 units bundled with the Vendi version of the reader were also compatible with this upgrade, however, non-Vendi readers were not compatible, so have not been upgraded. The device upgrading was rolled out over cellular networks, without the need of a tech on premise, and over 250,000 devices have already received the free over-the-air-upgrade.
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All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the
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