George R. Jensen Jr.

Who is George R. Jensen Jr.?

Mr. Jensen is the founder of USA Technologies Inc., a high-tech company that developed the ePort, the first wireless networked cashless payment technology for vending machines, unattended Point-of-Sale terminals, and kiosks.

Mr. Jensen founded USA Technologies in 1992, when he envisioned a world of cashless vending, and served as Chairman of the Board and Chief Executive Officer during his tenure.

The ePort cashless product line includes the ePort G8, a payment terminal which allows consumers to pay for items at vending machines, kiosks and POS terminals with magnetic swipe bank cards, contactless cards, FOB, PIN, and cellular phones, and the ePort EDGE which was developed for magnetic swipe cards only.

Under his leadership, the ePort EDGE in 2010 won the inaugural National Automatic Merchandiser Association award for innovation in cashless vending technology. NAMA is the vending industry's national body.

His management also led to USA Technologies being ranked among the leading shippers of point-of-sale terminals over the past three years by The Nilson Report, a source of news and research on consumer payment systems worldwide. In the latest 2009 survey, USA Technologies was ranked 6th in POS shipments in the United States and 31st in the world.