August 01, 2006
USA Technologies, Inc. recently announced that it obtained a patent on cashless and intelligent vending, the company’s 65th overall patent. U.S. Patent No. 7,076,329 (“Cashless vending transaction management by a vend assist mode of operation,” issued July 11, 2006), includes 35 claims on a “cashless transaction processing system” which may allow the use of credit cards and debit cards at vending machines that traditionally only accept cash. According to the patent, “a long felt need exists for a solution related to a cost effective system and method for remotely auditing vending equipment, and for providing additional payment options at the point of sale for goods and services vended from vending equipment.” This patent discloses the use of the “vend assist mode” which allows a computing platform to oversee, control, and authorize “the vend selection and sale price of a user selected vend item prior to fulfilling the user's request.”
U.S. Patent No. 7,076,329: LINK
USA Technologies Press Release: LINK
USA Technologies ePort® Website: LINK
finextra.com News Article: LINK
U.S. Patent No. 7,076,329: LINK
USA Technologies Press Release: LINK
USA Technologies ePort® Website: LINK
finextra.com News Article: LINK
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