Coca-Cola machines to take credit cards, MasterCard PayPass in Miami, other markets
Dow Jones/Associated Press
12:02 PM EDT, August 7, 2007
NEW YORK
USA Technologies Inc. and MasterCard Inc. on Tuesday said they will install 7,500 cashless payment terminals in Coca-Cola Enterprises Inc. vending machines.
The terminals allow vending machine customers to use traditional magnetic-stripe credit cards or MasterCard's PayPass contactless payment technology.
MasterCard said the launch of USA Technologies' G-6 e-Port payment terminals is the broadest single deployment of cashless vending machines to date and doubles the number of terminals installed in Coca-Cola machines in the United States.
The new terminals will be installed in the Atlanta, Boston, Chicago, Denver, Las Vegas, Miami, New York and Seattle markets.
In May, Coca-Cola Enterprises entered into a three-year supply and licensing agreement with USA Technologies, a Malvern, Pa.-based provider of wireless and cashless networking services.
Shares of USA Technologies rose 74 cents, or 8.9 percent, to $9.09 in late-morning trading Tuesday.
MasterCard Inc. shares climbed $2.54, or 1.9 percent, to $140.16.
Atlanta-based Coca-Cola Enterprises is the world's largest bottler of Coca-Cola Co. drinks.
