User:Gunterbeyer/George R. Jensen

George R. Jensen

George R. Jensen Jr. is the founder of USA Technologies Inc. a hi-tech company that developed the ePort, the first market proven wireless networked cashless payment technology for vending machines, unattended Point-of-Sale terminals, and kiosks. Mr. Jensen founded the company in 1992, and is the Chairman of the Board and Chief Executive Officer.

USA Technologies has more than 82,000 ePort devices connected to its USALive Network in the U.S. and InternationaIIy. The company has set a goal of 100,000 devices connected to the network by the end of December, 2010.

The ePort G8 aIIows consumers to pay with magnetic swipe cards, contactless cards, FOB, PIN, and ceIIuIar phones. The ePort EDGE was developed specifically for magnetic swipe cards only. In 2010 the ePort EDGE won the inaugural National Automatic Merchandiser Association (NAMA) award for innovation in cashless vending technology.

The ePort has been installed in all traditional vending markets, as well as markets serving the photo kiosk industry (Fantasy Entertainment), online laundry services (eSuds), hospitality (Business Express), coffee industry (Starbucks), entertainment (Merit), transportation (ePort Connect), gas stations (AIR-serv), and convenience stores.

USA Technologies was ranked among the leading shippers of point-of-sale terminals in the United States in 2008 by The Nilson Report, a leading source of news and research on consumer payment systems worldwide. The company was ranked 6th in POS shipments in the United States in 2008, matching its 6th place ranking a year earlier, and 34th in the world in 2008.

The company has 71Patent claims in connection with technology that allows communications between point-to-point wirelesses, and wired WAN solutions.

USA Technologies also developed the EnergyMiser Energy Management product line, designed to reduce the energy consumed by vending machines    and coolers between 30-46 percent. The product line includes VendingMiser, CoolerMiser, and PlugMiser for commercial appliances

Mr. Jensen has a life long history of founding new companies, and launching innovative technologies. In 1985 he founded American Film Technologies where he served as Chairman, Director, and CEO until 1992. AFT is a film colorization company and global leader in creating color imaged versions of black-and-white films. During his leadership, Mr. Jensen was awarded a $55 million contract from Ted Turner, film magnate and founder of CNN to convert 200 films to color. He grew the company to more than 500 employees.

In 1989 Mr. Jensen was named ‘Entrepreneur of the Year’ for the Philadelphia area by            Inc. Magazine and by Ernst & Young  for Technology Leadership.

Mr. Jensen began his entrepreneurial career in 1975 as CEO and President of International Film Productions Inc. He was Executive Producer of the 12-hour miniseries, "A.D.", a $35 million production filmed in Tunisia. Procter and Gamble, Inc (Link to P&G), the primary source of funds, co-produced and sponsored the epic, which aired in 1985 for five consecutive days on the NBC network. The epic was a continuation of the highly acclaimed mini-series, "Jesus of Nazareth".

Mr. Jensen was also Executive Producer of the 1983 film special, "A Tribute to Princess Grace" shown on Public Television. Mr. Jensen began his career as a securities broker from 1971 to 1978, primarily for the firm Smith Barney Harris Upham. Personal Life

Mr. Jensen attended The University of Tennessee where he received his Bachelor of Science degree, as weII as The Wharton School of the Penn: University of Pennsylvania where he was a graduate of the Advanced Management Program.