Here's a paragraph from an article from Jan 19 "Card News" Sorry, I can't post the link to the entire article as it is from a subscription only service. This is the section that deals with USTT..nothing new...but good to see that USTT is getting industry recognition.
Jan. 19, 1999 (CARD NEWS, Vol. 14, No. 1 via COMTEX
Firm Installs Card-Activated Points Of Service
In the low-value transaction market, a traditionally under- penetrated area
for credit cards, one company has doubled its credit card-activated points of
service. Wayne, Pa.-based USA Technologies [USTT] announced Jan. 6 that by the
end of 1998, it had approximately 1, 000 points of distribution nationwide that
offered the company's patented credit card-activated business services; an
increase of 156 percent as compared to the end of 1997. Company officials
report the strong growth was fueled by sales of its Business Express family of
products. The company's TransAct technology enables secure credit card
activation of a variety of business products, including Mail Boxes Etc.'s MBE
Business Express, a 24-hour self-service business center. TransAct allows
consumers to purchase items with their credit cards that cost as little as a
dollar. George Jensen, Jr., chairman and CEO of USA Technologies, says the
company is forecasting in excess of $10 million in revenue over the next 12
months for its product line in the hospitality markets alone. The company's
mission is to enable businesses to dramatically lower their requisite minimums
for credit card purchases. (George Jensen, Jr., USA Technologies, 800/633-
0340.) |
