USA Technologies extends buyback

Malvern-based USA Technologies Inc. has doubled the amount of money - to $1 million - that it will spend to repurchase shares, according to a company filing yesterday.

The board also extended the expiration date of the repurchase program from Dec. 31 to June 30.

Through Tuesday, USA has repurchased 116,000 shares of common stock for $298,000 and 10,000 shares of preferred stock for $90,000, leaving $612,000 available.

The Malvern company provides networked credit-card and other noncash payment systems in the vending, commercial laundry, hospitality and digital imaging industries.