October 18, 2004—MEI, global manufacturer of payment systems, and USA Technologies, global provider of cashless transaction services, have signed an agreement to bring a turn-key cash and credit card payment system to the vending market.
The combination of traditional payment methods with cashless will offer consumers more payment choices at vending machines, from using coins and bills, to credit or debit cards and MEI coupons, reflecting a growing vending industry trend of offering cashless transactions.
Under the agreement, operators can connect to USALive—USA Technologies’ network for services and credit card transaction capability. USALive network authorizes credit and debit cards used, processes the charges, and deposits funds directly into an operator’s bank account.
The agreement also features a new product suite from MEI. The two products, the MEI series 2000 combo acceptor and the MEI EASITRAX remote data port, provide cash and credit card reading with supporting wireless communications.
For more information visit USA Technologies or MEI.
