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USAT > SEC Filings for USAT > Form 8-K on 14-Apr-2009All Recent SEC Filings

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Form 8-K for USA TECHNOLOGIES INC


14-Apr-2009

Regulation FD Disclosure


Item 7.01. Regulation FD Disclosure

On April 1, 2009 USA Technologies, Inc. ("USA") and VISA U.S.A. INC. ("VISA") entered into a Contactless Terminal Support Agreement. The agreement provides that VISA would pay USA the amount of $200 for each e-Port that is deployed by USA prior to December 31, 2009. The agreement would cover up to a maximum of 4,000 e-Ports. These e-Ports would accept credit and debit cards utilizing VISA's contactless technology as well as VISA's magnetic stripe payment cards. The initial 1,500 e-Ports covered by the agreement are anticipated to be deployed by USA in the Chicago, Illinois geographic area. VISA would pay USA an aggregate of $800,000 if all 4,000 e-Ports are timely deployed. USA's customer (i.e., the location owner) would enter into a three year exclusive processing agreement with USA in connection with the vending machine utilizing the e-Port.

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