October 16, 2012

USA Technologies Expands Cashless Payment Services in Kiosk Market with Eaton Corporation's Electric Vehicle Charging Stations

MALVERN, Pa.--(BUSINESS WIRE)-- USA Technologies, Inc. (NASDAQ: USAT), ("USAT"), a leader of wireless, cashless payment and machine to machine (M2M) telemetry solutions for small-ticket, self-serve retailing industries, has expanded its cashless payment and M2M services in the kiosk market with electric vehicle stations sold by existing customer, Eaton Corporation ("Eaton"). Eaton, whose AC Level 2 Electric Vehicle charging stations already include an option for USAT's ePort® technology for secure, cashless payment acceptance, has recently added their new, high-powered DC Quick Charger to this cashless lineup.

Eaton is a leader in the establishment of public electric vehicle charging infrastructure in North America and continues to expand its North American footprint. According to Eaton's website, its DC Quick Charger provides fast and convenient electric vehicle charging with the ability to charge a vehicle's battery to 80 percent capacity in as little as 30 minutes. Using USAT's ePort technology, Eaton's latest DC Quick Charger now includes an option for magnetic credit card swipe acceptance and offers consumers the opportunity to pay through time-based intervals or a flat rate.

"Our work with Eaton is an excellent example of how we are extending the versatility of our ePort technology and services to the unattended kiosk market," commented Michael Lawlor, Senior Vice President of Sales and Business Development for USA Technologies. "We believe that kiosk solutions are growing in both popularity and functionality fueled, in part, by improved wireless capabilities and the ability of kiosk consumers to use forms of payment other than cash. USAT's turnkey approach to cashless, which was specifically designed for the unattended space, takes the complexities of cashless off our customers' hands, enabling market leaders like Eaton to focus on what they do best," said Lawlor.

"Eaton was looking for a supplier that could provide an end-to-end solution, including a compact, PCI compliant card processing solution for a truly stand-alone commercial electric vehicle charging station," said Tracee Humes, product manager, Eaton Electric Transportation Infrastructure. "Eaton found that USAT not only met this need, but they had the proven experience in small-ticket transactions and the turnkey suite of services required by our electric vehicle charging operators."

USAT's front end solutions such as ePort, ePort SDK or QuickConnect—a new Web service API—combined with USAT's comprehensive ePort Connect service provides kiosk developers and manufacturers a wireless and secure platform for cashless payment and remote data collection.

For more information contact Kiosk Sales at 1-800-633-0340.

About Eaton Corporation

Eaton offers a full line of charging solutions including an AC Level 1, a Residential AC Level 2, a Commercial/Fleet AC Level 2, and a 50 kilowatt (kW) DC Quick Charger complemented by an EV Simulator for testing after installation and options for payment, access control and network management for commercial/fleet applications. With a range of charging stations currently deployed in Ontario (Canada), Pennsylvania, California, Washington, Oregon, North Carolina, South Carolina, Indiana and Illinois, Eaton is working to advance the EV charging infrastructure throughout North America. For more information, visit www.eaton.com/plugin.

Eaton's electrical business is a global leader in power distribution, power quality, control and automation, power monitoring, and energy management products and services. Eaton is positioned, through its global electrical product series and solutions to answer today's most critical electrical power management challenges.

Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 73,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.

About USA Technologies:

USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company's flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of the small ticket, self-service retail industries. USA Technologies also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™, an API Web service for developers. USA Technologies has been granted 84 patents; and has agreements with Verizon, Visa, Elavon and major customers such as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.

USA Technologies
Veronica Rosa
VP Corp. Comm. & Investor Relations
484-359-2138
vrosa@usatech.com

Source: USA Technologies, Inc.

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