PA-based USAT Technologies continues on its path to reaching its three-year goal of 500,000 connections. The Company is the top provider of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries.
Th Company’s flagship product, ePort, reached approximately 9,000 customers and connections to its end-to-end ePort Connect service crossed 300,000 in the first three months of this year.
USAT’s ePort Connect service is a PCI-compliant suite of cashless payment and telemetry services specially tailored to fit the needs of self-serve retail industries. Designed to be a “one-stop shop,” services offered through ePort Connect include wireless and merchant account setup, simplified processing rates, settlement and reconciliation, 24 x 7 customer service and a host of value-added services including mobile payment, loyalty programs and integrated payment services for micro-markets and other POS devices.
According to Huffington Post, a report issued by market research firm, Javelin Strategy & Research, indicates that point of sale (POS) cash purchases are expected to drop to 23 percent by 2017 from 27 percent in 2011. Further, according to EurActiv2, the research firm predicts mobile POS payments will rise from roughly $3 billion in 2013 up to $53 billion by 2019.
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