USA Technologies Ranked 5th in U.S. and 26th Worldwide for POS Terminal Shipments in 2012

  USA Technologies Ranked 5th in U.S. and 26th Worldwide for POS Terminal
  Shipments in 2012

Business Wire

MALVERN, Pa. -- November 20, 2013

USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless,
cashless payment and M2M telemetry solutions for self-serve retailing
industries, has been ranked as one of the top five shippers of point-of-sale
(POS) terminals in the United States by The Nilson Report, a leading source of
research on consumer payment systems worldwide. The 2012 rankings place USAT
5th among the leading POS shippers in the United States for calendar year
2012. On a worldwide basis, USAT moved up 6 notches from 32^nd for 2011 to
26^th for 2012.

“We believe USAT’s ranking in the top five for U.S. shipments is indicative of
the growing interest in cashless payment and telemetry in the markets we
serve,” said Maeve McKenna Duska, vice president of marketing for USA
Technologies. “We feel privileged to be ranked alongside top global players
such as Ingenico, VeriFone, Equinox Payments and First Data—and, to be one of
the two in the top five that showed increased volumes in the U.S. for 2012.”

USAT’s ePort^® is a cashless payment system that drives connections to ePort
Connect^®—a PCI-compliant, comprehensive suite of cashless payment, telemetry
and consumer engagement services designed to make the transition to cashless
easy to implement, manage and scale. As of September 30, 2013, customers and
connections to USAT’s ePort Connect service have grown at a compound annual
growth rate of 65% and 35%, respectively, over the last three years.

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 small ticket, self-service retailing 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 86 patents and has agreements with Verizon, Visa, Elavon, Isis and
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;
whether USAT's customers continue to utilize USAT's transaction processing and
related services, as our customer agreements are generally cancelable by the
customer on thirty to sixty days' notice; and the ability of a key customer to
reduce or delay purchasing products from USAT. 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.

                                    G-USAT

Contact:

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