Canadian Vending

Features Payment Technology
Apple Pay supported in U.S. vending machines


January 28, 2015
By Canadian Vending

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Jan. 28, 2015, Malvern, PA – USA Technologies is rolling out 200,000 new
acceptance points for Apple Pay and they include coffee brewers and vending machines.

Jan. 28, 2015, Malvern, PA – USA Technologies is rolling out 200,000 new
acceptance points for Apple Pay and they include coffee brewers and vending machines.

The company is a provider of wireless,
cashless payment and M2M/IoT solutions for small-ticket, self-serve
retailing industries.

The move adds approximately 200,000 Apple Pay acceptance points
to the list of locations officially supporting Apple Pay,
bringing the mobile payments service to owners and operators of
coffee brewers, vending machines, kiosks, laundry equipment, parking pay
stations and other self-serve appliances.

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“Our customers are excited to accept Apple Pay at the
self-serve locations they operate,” said Stephen P. Herbert, chairman
and chief executive officer of USA Technologies, in a news release. “We anticipate that the
millions of consumers who frequent these locations will appreciate
the convenience and security of using Apple Pay for their everyday
purchases, and we believe that Apple Pay will help to drive additional
sales for our customers. USA Technologies has always sought to provide
convenience, security and an easy way to pay for consumers who are
less and less likely to carry cash.”

Security and privacy is at the core of Apple Pay, said the release. When you add a credit
or debit card with Apple Pay, the actual card numbers are not stored on
the device nor on Apple servers. Instead, a unique Device Account Number
is assigned, encrypted and securely stored in the Secure Element on your
device. Each transaction is authorized with a one-time unique dynamic
security code, instead of using the security code from the back of your
card.

USA Technologies began building NFC capabilities into its cashless
payment products and services approximately 10 years ago and has seen
a steady increase in the sale of its flagship ePort cashless payments
technologies specially designed for small ticket, unattended
retail applications.