USA Technologies has begun offering its cashless payment technology to customers of the Blackboard Commerce Suite™ to allow students to make cashless payments at campus vending machines. The cashless technology will be embedded in Blackboard’s FlexVend reader and supports a suite of both wired and wireless applications that enable transactions on-campus and off-campus. The new FlexVend readers allow students to pay for products from vending machines with their Blackboard campus card, all major credit cards, as well as contactless payment systems, such as MasterCard’s PayPass.
USA Technologies Announces Cashless Solution to Be Offered by Blackboard Inc.
Students Use ID, Debit and Credit Cards to Purchase from Vending Machines Nationwide
MALVERN, Pa., July 18, 2007–USA Technologies (NASDAQ:USAT) announced today that Blackboard Inc. has begun offering its cashless payment technology to customers of the Blackboard Commerce Suite™ to allow students to make cashless payments at campus vending machines.
The cashless technology is embedded in Blackboard’s FlexVend reader and supports a suite of both wired and wireless applications that enable one-card transactions on-campus, off-campus and online for cashless payment, identification and security.
The new FlexVend readers allow students to pay for products from vending machines with their Blackboard campus card, all major credit cards, as well as contactless ‘touch and go’ payment systems, such as MasterCard’s PayPass.
USA Technologies reported that Blackboard already offers its e-Suds™ laundry service where students go online to check the availability of college laundry washers and dryers, swipe their Blackboard transaction card to activate and pay for the service, and are notified electronically when the laundry is done.
“Our goal is to provide students with the most efficient, high-tech solutions to meet their every-day needs and wants,” said Russ Carlson, President of the Blackboard Commerce Group. “FlexVend provides Blackboard cardholders the ultimate in payment convenience, and the cost is automatically deducted from their Blackboard account.”
Blackboard is a leading provider of software and services to the education industry.
“The expanded relationship we now share with Blackboard combines the best leading-edge technology and service from both Blackboard and USA Technologies to bring a quality payment solution to campuses nationwide,” said Wendy Jenkins, Vice President, Marketing, USA Technologies. “We are excited that Blackboard has added USA Technologies cashless technology to its portfolio of offerings for students, and we welcome the Federal Reserve Board’s recent decision to eliminate the need for receipts for debit card purchases under $15 which will make cashless from vending machines on campus even more popular,” she said.
The online reporting capability of the FlexVend reader also allows for improved auditing of vending machines, resulting in greater efficiency, productivity and security for vending machine operators.
About USA Technologies
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has marketing agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com.
About Blackboard Inc
Blackboard Inc. is a leading provider of enterprise software applications and related services to the education industry. Founded in 1997, Blackboard enables educational innovations everywhere by connecting people and technology. Millions of people use Blackboard everyday at academic institutions around the globe, including colleges, universities, K-12 schools and other education providers, as
well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices in North America, Europe, Australia and Asia.
Statement under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for its energy management products , the ability to obtain new customers and the ability to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.