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     <TD noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">As filed with the Securities and Exchange Commission on February 13, 2007</FONT></TD></TR></TABLE></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration No. 333-</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></P>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"></FONT></B>
<P align=center><B><FONT face="Times New Roman"><FONT size=2><FONT size=4>FORM S-8</FONT></FONT></FONT></B></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Statement</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Under</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Securities Act of 1933</FONT></P>
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     <TD align=center width="100%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">USA TECHNOLOGIES, INC.</FONT></TD></TR>
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     <TD align=center width="100%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact Name of Registrant as Specified in its Charter)</FONT></TD></TR>
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     <TD width="100%" colSpan=5>&nbsp;</TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pennsylvania</FONT></TD>
     <TD noWrap align=center width="20%" background="">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">7359</FONT></TD>
     <TD noWrap align=center width="20%" background="">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">23-2679963</FONT></TD></TR>
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     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1>(State or other jurisdiction of</FONT></TD>
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     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1>(Primary Standard Industrial</FONT></TD>
     <TD noWrap align=center width="20%" background=""></TD>
     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1>(I.R.S. Employer Identification No.)</FONT></TD></TR>
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     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1>incorporation or organization)</FONT></TD>
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     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=1>Classification Code Number)</FONT></TD>
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     <TD noWrap align=left width="20%">&nbsp;</TD></TR>
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     <TD align=center width="100%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">100 Deerfield Lane, Suite 140</FONT></TD></TR>
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     <TD align=center width="100%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Malvern, Pennsylvania 19355</FONT></TD></TR>
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     <TD align=center width="100%" colSpan=5><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Address of principal executive offices and zip code)</FONT></TD></TR></TABLE></DIV><BR>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">USA TECHNOLOGIES, INC. 2007-A STOCK COMPENSATION PLAN<BR>
</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT size=2>(full title of the plan)</FONT></FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">George R. Jensen, Jr. <BR>
Chief Executive Officer <BR>
USA Technologies, Inc.<BR>
</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">100 Deerfield Lane, Suite 140<BR>
&nbsp;Malvern, Pennsylvania 19355 <BR>
(610) 989-0340<BR>
</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Name, address, including zip code, and telephone number, including area code, of agent for service)</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Copies to:</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Douglas M. Lurio, Esquire</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Lurio &amp; Associates, P.C.</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2005 Market Street: Suite 2340</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Philadelphia, PA 19103</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(215) 665-9300</FONT></P>
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     <TD align=center width="102%" colSpan=9><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">CALCULATION OF REGISTRATION FEE</FONT> </TD></TR>
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     <TD width="102%" colSpan=9>&nbsp; </TD></TR>
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     <TD noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Title of</FONT> </TD>
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     <TD noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amount</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Maximum</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proposed Maximum</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Proposed</FONT> </TD></TR>
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     <TD noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Securities to</FONT> </TD>
     <TD noWrap align=center width="2%" background="">&nbsp;</TD>
     <TD noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">to be</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Offering Price</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Aggregate Offering</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Amount of</FONT> </TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">be Offered</FONT> </TD>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registered</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Per Share(1)</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Price</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=center width="20%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registration Fee</FONT> </TD></TR>
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     <TD width="102%" colSpan=9>&nbsp; </TD></TR>
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     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Common</FONT> </TD>
     <TD noWrap align=left width="2%" background=""></TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD noWrap align=right width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%">&nbsp; </TD></TR>
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     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Stock</FONT> </TD>
     <TD noWrap align=right width="2%" background=""></TD>
     <TD noWrap align=right width="18%">&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">100,000</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp;</TD>
     <TD noWrap align=right width="19%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT>6.72</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp;</TD>
     <TD noWrap align=right width="19%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">672,000</FONT> </TD>
     <TD noWrap align=right width="2%">&nbsp;</TD>
     <TD noWrap align=right width="20%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">$</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">71.90</FONT> </TD></TR></TABLE></DIV>
<P style="MARGIN-LEFT: 0%" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;(1) Estimated solely for purposes of calculating the registration fee. Pursuant to Rule 457(c), the registration fee has been calculated at the average of the bid and asked price within 5 business days prior to the date of the filing of the applicable registration statement.</FONT></P>
<P align=center>2</P>
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<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">PART I</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 1. Plan Information</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this Registration Statement, but will be delivered to the eligible employees, directors and consultants, in accordance with Rule 428 of the Securities Act of 1933, as amended, and the Note to Part I of Form S-8.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 2. Registrant Information and Employee Plan Annual Information</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this Registration Statement, but will be delivered to the eligible employees, directors and consultants, in accordance with Rule 428 of the Securities Act of 1933, as amended, and the Note to Part I of Form S-8.</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">PART II</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 3. Incorporation of Documents by Reference</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Registrant hereby incorporates by reference the following documents which have previously been filed with the Commission under the Securities Exchange Act of 1934:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp; (i) the Registrant&#146;s Annual Report on Form 10-K for its fiscal year ended June 30, 2006;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(ii) the Registrant&#146;s Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2006;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(iii) the Current Reports on Form 8-K filed on July 26, 2006, October 13, 2006, November 14, 2006, November 20, 2006, December 21, 2006 and January 3, 2007; and </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(iv) the description of the Registrant&#146;s Common Stock contained in its Registration Statement on Form 8-A filed pursuant to Section 12(g) of the Securities Exchange Act of 1934.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In addition, all documents filed with the Commission by the Registrant pursuant to Sections 13(a) and 13(c), Section 14 and Section 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents (in each case, other than information in such documents that is deemed not to be filed).</FONT></P>
<P align=center>3</P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 4. Description of Securities</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 5. Interests of Named Experts and Counsel</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Douglas M. Lurio, Esquire, is a director of the Company and the President of Lurio &amp; Associates, P.C., the law firm that is issuing an opinion on the legality of the Company&#146;s Common Stock offered hereby. As of the date of this Registration Statement, Mr. Lurio beneficially owns 7,030 shares of Common Stock and options to purchase up to 12,000 shares of Common Stock.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 6. Indemnification of Directors and Officers</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 1746 of the Pennsylvania Business Corporation Law of 1988, as amended (&#147;BCL&#148;), authorizes a Pennsylvania corporation to indemnify its officers, directors, employees and agents under certain circumstances against expenses and liabilities incurred in legal proceedings involving such persons because of their holding or having held such positions with the Company and to purchase and maintain insurance of such indemnification. The Company&#146;s By-laws substantively provide that the Company will indemnify its officers, directors, employees and agents to the fullest extent provided by Section 1746 of the BCL.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Section 1713 of the BCL permits a Pennsylvania corporation, by so providing in its Bylaws, to eliminate the personal liability of a director for monetary damages for any action taken unless the director has breached or failed to perform the duties of his office and the breach or failure constitutes self-dealing, willful misconduct or recklessness. In addition, no such limitation of liability is available with respect to the responsibility or liability of a director pursuant to any criminal statute or for the payment of taxes pursuant to Federal, state or local law. The Company&#146;s By-laws eliminate the personal liability of the directors to the fullest extent permitted by Section 1713 of the BCL.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 7. Exemption from Registration Claimed</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 8. Exhibits</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.</FONT></P>
<P align=center>4</P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 9. Undertakings</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The undersigned Registrant hereby undertakes:</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement; and</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3, and the information required to be included in a post&#150;effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement. </FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(2) That for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be treated as a new registration statement relating to the securities offered herein, and shall treat the offering of such securities at that time as the initial bona fide offering thereof.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT></P>
<P align=center>5</P>
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(4) That, for purposes of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supercede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(5) That, for purposes of determining liability of the undersigned registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(6) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of any employee benefit plan&#146;s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>
<P align=center>6</P>
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<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(7) Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURES</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Malvern, Pennsylvania, on February 13, 2007.</FONT></P>
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     <TD noWrap align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA TECHNOLOGIES, INC.</FONT></TD></TR>
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     <TD noWrap align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: <U>/s/ George R. Jensen, Jr.</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="50%" background=""></TD>
     <TD align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; George R. Jensen, Jr.,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="50%" background=""></TD>
     <TD align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</FONT></TD></TR></TABLE></DIV><BR>
<P align=center>7</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>


<A name="page_8"></A>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been duly signed below by the following persons in the capacities and dates indicated. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="65%" border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>SIGNATURES</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""><FONT face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>TITLE</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""><FONT face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>DATE</FONT> </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ George R. Jensen, Jr.</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Chairman of the Board of Directors</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>George R. Jensen, Jr.</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>and Chief Executive Officer</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>(Principal Executive Officer)</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ David M. DeMedio</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Chief Financial Officer (Principal</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>David M. DeMedio</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Accounting Officer)</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ Stephen P. Herbert</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Chief Operating Officer, President</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Stephen P. Herbert</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>and Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ William L. Van Alen, Jr.</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>William L. Van Alen, Jr.</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ Douglas M. Lurio</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Douglas M. Lurio</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ Steven Katz</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Steven Katz</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ Albert Passner</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Albert Passner</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR>
     <TD width="100%" colSpan=5><FONT face="Times New Roman">&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>/s/ Stephen W. McHugh</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Director</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>February 13</FONT></FONT>, 2007</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="32%"><FONT face="Times New Roman"><FONT face="Times New Roman" size=2>Stephen W. McHugh</FONT> </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="39%"><FONT face="Times New Roman">&nbsp; </FONT></TD>
     <TD noWrap align=left width="5%" background=""></TD>
     <TD noWrap align=left width="19%"><FONT face="Times New Roman">&nbsp; </FONT></TD></TR></TABLE><BR>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EXHIBIT INDEX</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit No.</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="3%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Description</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">**5.1</FONT> </TD>
     <TD noWrap align=left width="3%">&nbsp;</TD>
     <TD noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Opinion of Lurio &amp; Associates, P.C.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">**10.1</FONT> </TD>
     <TD noWrap align=left width="3%">&nbsp;</TD>
     <TD noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">USA Technologies, Inc. 2007-A Stock Compensation Plan</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">**23.1</FONT> </TD>
     <TD noWrap align=left width="3%">&nbsp;</TD>
     <TD noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Ernst &amp; Young LLP, Independent Registered Public Accounting Firm.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">**23.2</FONT> </TD>
     <TD noWrap align=left width="3%">&nbsp;</TD>
     <TD noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Goldstein Golub Kessler LLP, Independent Registered Public</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Accounting Firm.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">**23.3</FONT> </TD>
     <TD noWrap align=left width="3%"></TD>
     <TD noWrap align=left width="78%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Consent of Counsel (included in Exhibit 5.1)</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1px solid" noWrap align=left width="18%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">** Filed herewith.</FONT> </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD noWrap align=left width="78%">&nbsp; </TD></TR></TABLE><BR>
<P align=center>8</P>

</BODY>

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{"company-data": {"conformed-name": "USA TECHNOLOGIES INC", "cik": "0000896429", "assigned-sic": "3578", "irs-number": "232679963", "state-of-incorporation": "PA", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-140657", "film-number": "07608005"}, "business-address": {"street1": "100 DEERFIELD LANE", "street2": "SUITE 140", "city": "MALVERN", "state": "PA", "zip": "19355", "phone": "6109890340"}, "mail-address": {"street1": "100 DEERFIELD LANE", "street2": "SUITE 140", "city": "MALVERN", "state": "PA", "zip": "19355"}, "former-company": {"former-conformed-name": "USA ENTERTAINMENT CENTER INC", "date-changed": "19931029"}}
s-8.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange Commission on February 13, 2007
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement
Under
The Securities Act of 1933
USA TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Pennsylvania
7359
23-2679963
(State or other jurisdiction of
(Primary Standard Industrial
(I.R.S. Employer Identification No.)
incorporation or organization)
Classification Code Number)
100 Deerfield Lane, Suite 140
Malvern, Pennsylvania 19355
(Address of principal executive offices and zip code)
USA TECHNOLOGIES, INC. 2007-A STOCK COMPENSATION PLAN
(full title of the plan)
George R. Jensen, Jr.
Chief Executive Officer
USA Technologies, Inc.
100 Deerfield Lane, Suite 140
Malvern, Pennsylvania 19355
(610) 989-0340
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Douglas M. Lurio, Esquire
Lurio & Associates, P.C.
2005 Market Street: Suite 2340
Philadelphia, PA 19103
(215) 665-9300
CALCULATION OF REGISTRATION FEE
Title of
Amount
Maximum
Proposed Maximum
Proposed
Securities to
to be
Offering Price
Aggregate Offering
Amount of
be Offered
Registered
Per Share(1)
Price
Registration Fee
Common
Stock
100,000
$
6.72
$
672,000
$
71.90
(1) Estimated solely for purposes of calculating the registration fee. Pursuant to Rule 457(c), the registration fee has been calculated at the average of the bid and asked price within 5 business days prior to the date of the filing of the applicable registration statement.
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1. Plan Information
The information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this Registration Statement, but will be delivered to the eligible employees, directors and consultants, in accordance with Rule 428 of the Securities Act of 1933, as amended, and the Note to Part I of Form S-8.
Item 2. Registrant Information and Employee Plan Annual Information
The information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this Registration Statement, but will be delivered to the eligible employees, directors and consultants, in accordance with Rule 428 of the Securities Act of 1933, as amended, and the Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The Registrant hereby incorporates by reference the following documents which have previously been filed with the Commission under the Securities Exchange Act of 1934:
(i) the Registrant's Annual Report on Form 10-K for its fiscal year ended June 30, 2006;
(ii) the Registrant's Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2006;
(iii) the Current Reports on Form 8-K filed on July 26, 2006, October 13, 2006, November 14, 2006, November 20, 2006, December 21, 2006 and January 3, 2007; and
(iv) the description of the Registrant's Common Stock contained in its Registration Statement on Form 8-A filed pursuant to Section 12(g) of the Securities Exchange Act of 1934.
In addition, all documents filed with the Commission by the Registrant pursuant to Sections 13(a) and 13(c), Section 14 and Section 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents (in each case, other than information in such documents that is deemed not to be filed).
3
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
Douglas M. Lurio, Esquire, is a director of the Company and the President of Lurio & Associates, P.C., the law firm that is issuing an opinion on the legality of the Company's Common Stock offered hereby. As of the date of this Registration Statement, Mr. Lurio beneficially owns 7,030 shares of Common Stock and options to purchase up to 12,000 shares of Common Stock.
Item 6. Indemnification of Directors and Officers
Section 1746 of the Pennsylvania Business Corporation Law of 1988, as amended ("BCL"), authorizes a Pennsylvania corporation to indemnify its officers, directors, employees and agents under certain circumstances against expenses and liabilities incurred in legal proceedings involving such persons because of their holding or having held such positions with the Company and to purchase and maintain insurance of such indemnification. The Company's By-laws substantively provide that the Company will indemnify its officers, directors, employees and agents to the fullest extent provided by Section 1746 of the BCL.
Section 1713 of the BCL permits a Pennsylvania corporation, by so providing in its Bylaws, to eliminate the personal liability of a director for monetary damages for any action taken unless the director has breached or failed to perform the duties of his office and the breach or failure constitutes self-dealing, willful misconduct or recklessness. In addition, no such limitation of liability is available with respect to the responsibility or liability of a director pursuant to any criminal statute or for the payment of taxes pursuant to Federal, state or local law. The Company's By-laws eliminate the personal liability of the directors to the fullest extent permitted by Section 1713 of the BCL.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.
4
Item 9. Undertakings
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
(iii) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S-8, or Form F-3, and the information required to be included in a post–effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2) That for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be treated as a new registration statement relating to the securities offered herein, and shall treat the offering of such securities at that time as the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
5
(4) That, for purposes of determining liability under the Securities Act of 1933 to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supercede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
(5) That, for purposes of determining liability of the undersigned registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(6) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of any employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(7) Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Malvern, Pennsylvania, on February 13, 2007.
USA TECHNOLOGIES, INC.
By:
/s/ George R. Jensen, Jr.
George R. Jensen, Jr.,
Chief Executive Officer
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Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been duly signed below by the following persons in the capacities and dates indicated.
SIGNATURES
TITLE
DATE
/s/ George R. Jensen, Jr.
Chairman of the Board of Directors
February 13, 2007
George R. Jensen, Jr.
and Chief Executive Officer
(Principal Executive Officer)
/s/ David M. DeMedio
Chief Financial Officer (Principal
February 13
, 2007
David M. DeMedio
Accounting Officer)
/s/ Stephen P. Herbert
Chief Operating Officer, President
February 13
, 2007
Stephen P. Herbert
and Director
/s/ William L. Van Alen, Jr.
Director
February 13
, 2007
William L. Van Alen, Jr.
/s/ Douglas M. Lurio
Director
February 13
, 2007
Douglas M. Lurio
/s/ Steven Katz
Director
February 13
, 2007
Steven Katz
/s/ Albert Passner
Director
February 13
, 2007
Albert Passner
/s/ Stephen W. McHugh
Director
February 13
, 2007
Stephen W. McHugh
EXHIBIT INDEX
Exhibit No.
Description
**5.1
Opinion of Lurio & Associates, P.C.
**10.1
USA Technologies, Inc. 2007-A Stock Compensation Plan
**23.1
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.
**23.2
Consent of Goldstein Golub Kessler LLP, Independent Registered Public
Accounting Firm.
**23.3
Consent of Counsel (included in Exhibit 5.1)
** Filed herewith.
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