USA Technologies, Inc. (USAT) Posts Breakeven Q4 Loss; Guides FY15 Revs

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USA Technologies (USAT) Reports NFC-Based Payment Program for Commercial Laundry Market

September 22, 2014 5:35 PM EDT

USA Technologies, Inc.(NASDAQ: USAT) today announced a mobile payments, offers and loyalty program with Softcard designed for the multi-billion dollar commercial laundry market. Under the program, consumers using Setomatic Systems(Setomatic) new SpyderWash® Elite laundry machines enabled with NFC and SmartTap® mobile commerce technology will receive a 25 percent discount on purchases made with the Softcard app.

By the end of 2015, Setomatic Systems has indicated that more than 25,000 SpyderWash Elite laundry machines, supported by USA Technologies ePort Connect Service, will support NFC mobile payments. This program, in partnership with Softcard, is the first nationwide mobile... More