USA Technologies Ranked 5th in U.S. and 30th Worldwide for POS Terminal Shipments in 2011

  USA Technologies Ranked 5th in U.S. and 30th Worldwide for POS Terminal
  Shipments in 2011

Business Wire

MALVERN, Pa. -- October 24, 2012

USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless,
cashless payment and M2M telemetry solutions for small-ticket, self-serve
retailing industries, has been ranked as one of the top five shippers of
point-of-sale (POS) terminals in the United States. The Nilson Report, a
leading source of research on consumer payment systems worldwide, again ranked
USAT 5th among the leading POS shippers in the United States for calendar year
2011. On a worldwide basis, USAT was ranked 30^th.

“Placements of our ePort® cashless payment terminals, such as our NFC-enabled
ePort G8, continue to drive adoption in the unattended, small-ticket market as
operators of these traditionally cash-based operations experience the many
benefits our solutions can bring to their businesses,” said Maeve McKenna
Duska, vice president of marketing for USA Technologies. “We believe that
USAT’s ranking in the U.S. alongside global names such as VeriFone, Ingenico
and First Data highlights our leadership role in the small-ticket, unattended
space—a market we serve through a variety of POS options, mobile-based
solutions and one-stop service,” said Duska.

In addition to ePort EDGE and ePort G8 POS terminals, USAT’s PCI-compliant,
cashless payments technology portfolio also includes QuickConnect™, an API Web
service, all of which integrate with ePort Connect®, USAT’s comprehensive
service platform designed specifically for small-ticket, self-service
unattended retail locations such as vending and kiosk. During USAT’s last
fiscal year ended June 30, 2012, connections to USAT’s ePort Connect service
grew by 38% to 164,000 connections, with 224,000 connections targeted by the
end of the current fiscal year ending June 30, 2013.

About USA Technologies:

USA Technologies is a leader of wireless, cashless payment and M2M telemetry
solutions for small-ticket, self-serve retailing industries. ePort Connect® is
the company’s flagship service platform, a PCI-compliant, end-to-end suite of
cashless payment and telemetry services specially tailored to fit the needs of
the small ticket, self-service retail industries. USA Technologies also
provides a broad line of cashless acceptance technologies including its
NFC-ready ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™,
an API Web service for developers. USA Technologies has been granted 84
patents; and has agreements with Verizon, Visa, Elavon and major customers
such as Compass, Crane, AMI Entertainment and others. Visit the website at
www.usatech.com.

Forward-looking Statements:

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: 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. When used in this release, words such as "anticipate", "believe",
"estimate", "expect", "intend", and similar expressions, as they relate to
USAT or its management, identify forward-looking statements. Such
forward-looking statements are based on the 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, business, financial market and economic conditions; 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 customers purchase or rent ePort devices
or our other products in the future at levels currently anticipated by USAT,
including our JumpStart Program; whether USAT’s customers continue to utilize
the USAT’s transaction processing and related services, as our customer
agreements are generally cancelable by the customer on thirty to sixty days’
notice; the incurrence by us of any unanticipated or unusual non-operating
expenses, such as in connection with a proxy contest, which would require us
to divert our cash resources from achieving our business plan; the ability of
a key customer to reduce or delay purchasing products from USAT; whether the
significant increase in interchange fees for small ticket debit card
transactions that became effective in October 2011 would adversely affect our
business in the future; and the ability of USAT to obtain widespread
commercial acceptance of its QuickConnect product. Readers are cautioned not
to place undue reliance on these forward-looking statements. Any
forward-looking statement made by us in this release speaks only as of the
date of this release. Unless required by law, USAT does not undertake to
release publicly any revisions to these forward-looking statements to reflect
future events or circumstances or to reflect the occurrence of unanticipated
events.

Contact:

USA Technologies
Veronica Rosa, 484-359-2138
VP Corp. Comm. & Investor Relations
vrosa@usatech.com
 
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