USA Technologies, AMI sign exclusive agreement
December 9, 2011, Malvern, PA – USA Technologies has entered into a new exclusive three year agreement with AMI Entertainment Network (AMI).
While thousands of AMI's Megatouch countertop products are already connected to USAT's ePort Connect Service, this new agreement broadens the relationship, making USA Technologies the exclusive provider of transaction processing services for all of AMI's credit and debit card-enabled Megatouch game machines in addition to all of the Rowe Jukebox game machines.
Under the agreement, USA Technologies' ePort SDK cashless payments software is installed into the machines and shipped by AMI to customer locations, ready to accept credit and debit cards for payment, as well as provide remote machine and sales data through USA Technologies' ePort Connect Service. During the term of the agreement, USA Technologies will earn transaction and licensing fee revenues in connection with its transaction processing services.
USA Technologies' ePort SDK is a software development kit that enables owners and operators of PC-based terminals such as kiosks, gaming systems and online jukeboxes, to quickly and easily build cashless payments functionality into their machines. ePort Connect enables self-service terminals to accept credit, debit, contactless cards and other cashless forms of payment, handles all elements of transaction processing, and allows customers to monitor and manage their terminals online.
"We are very excited about our new agreement with AMI, which will help owners and operators improve the customer experience by providing a simple and convenient payment option via the credit- and debit-card-enabled Rowe jukeboxes and Megatouch games," said Stephen P. Herbert, interim chairman and CEO of USA Technologies. "Our historical data indicates that, compared to their average spending at unattended points-of-sale not enabled to accept credit and debit cards, consumers on average increase their spending when utilizing a credit or debit card."
"USA Technologies' makes it easy for owners and operators to make the cashless payment choice with our one-stop, turn-key solution. AMI's decision to ship their countertop games and jukeboxes equipped with the ePort SDK software makes it easy for their customers to enjoy the benefits of a cashless and telemetry embedded solution."
USA Technologies' exclusive agreement with AMI will enable owners and operators of AMI equipment to capitalize on the increasing consumer preference for using credit and debit cards for payment at self-service terminals.