USA Technologies (NASDAQ:USAT) announced today it had been issued its 69th patent, relating to the ePort® product line which accepts both magnetic swipe cards and emerging RFID payment solutions.
USA Technologies has another 26 patents pending, bringing the total number of pending and issued patents to nearly 100, supporting the company’s leadership in designing cashless payment, telematics, and energy management technologies.
The US Patent and Trademark Office has issued Patent # US 7,464,867 B1 for a Cashless Vending System with Tethered Payment Interface.
The invention relates to a cashless vending system that utilizes a tethered payment interface. The tethered payment interface is mountable on the external surface of a vending machine while the payment module portion of the system resides inside the vending machine. An advantage of this system is that when a bill validator slot opening in the vending machine is available, the tethered payment interface can be secured to an adapter plate and mounted in the available slot. However, when a slot opening in the vending machine is not available, then the tethered payment interface can be located and secured on the external surface of the vending machine.
In addition, the tethered payment interface is configured to be user accessible, provide an informational display, accept magnetic cards (i.e. credit cards, employee badges, hotel room keys, others), and accept RFID device data (i.e. FOBS, touch, RFID credit cards, others).
entire article:
http://uk.sys-con.com/node/880409
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