USA Technologies, a vendor of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today announced up to 7,500 vending machines in Austin and Salt Lake City will be targeted for mobile payment acceptance using the Isis Mobile Wallet, powered by NFC-enabled ePort technology.
Isis formally launched in Austin and Salt Lake City in October 2012, as a part of a limited test.
Isis Mobile Wallet is expected to simplify the shopping and paying experience as consumers make vending machine purchases with a simple tap of their phone. As of September 30, 2012, approximately 50 percent of USAT’s ePort Connect service base of 174,000 connections utilized NFC-enabled ePort technology.
Isis will be supported by three out of four U.S. carriers, including Verizon, AT&T and T-Mobile. Sprint is reportedly working on its own mobile payment system, in what would likely bea setback for Google, which has its own Mobile Wallet technology.
A Google source told NFC Times that Google is also preparing an app to run on the iPhone, which would require approval from Apple, and is planning a greater role for offers.
With their own wallet, Sprint could build relationships with banks and other service providers. With the Google Wallet, Sprint has virtually no involvement with service providers.
Stephen P. Herbert, CEO of USA Technologies said, “We believe that our work with Isis sends a clear message to vending companies in these two cities—and to the broader market we serve—that there is tremendous opportunity in cashless adoption.”
Mobile payment systems generally use Near Field Communication (NFC), requiring a mobile phone equipped with NFC transponder. NFC builds upon RFID systems by allowing two-way communications. Most transactions do not require authentication, but some require authentication using PIN, before transaction is completed.
VendScreen is a mobile app for vending machine operators and service technicians. The touch-screen device accepts payments, displays ads and manages inventory, giving operators a direct, cloud-based connection to their machines.