USA Technologies (USAT), a provider of cashless solutions, is launching a mobile acceptance solution designed to give retailers and other merchants the ability to accept credit and debit cards on the go through its turnkey ePort Connect service platform (view press release). Dubbed ePort Mobile, the solution will encrypt credit card data twice which will then be transmitted using a proprietary communication protocol. It will also come with a card magnetic swipe reader option designed for commercial applications, in addition to the solutions ability to integrate ePort Mobile sales and transaction data with other USAT products such as ePort G8 and SDK.
According to research by Banking Research Associates, the mobile merchant market is comprised of over 5.7 billion businesses representing USD233 billion in traditionally cheque or cash-based revenue. The company said its latest product comes amid requests from customers who needed a payment solution for route collection, events and other ancillary segments of their operation. USAT hopes that customers will now see the benefit of a cashless offering.