Exhibit 4.1(h)

                    AMENDMENT NO. 2 TO SECURED REVOLVING NOTE
                                       OF
                        GLOBAL PAYMENT TECHNOLOGIES, INC.

                                 August 9, 2004

         Reference is made to that certain Secured Revolving Note dated as of
March 15, 2004, as amended on April 29, 2004, made by GLOBAL PAYMENT
TECHNOLOGIES,INC., a Delaware corporation (the "Borrower") in favor LAURUS
MASTER FUND, LTD., c/o Ogier Corporate Services Ltd., P.O. Box 1234 G.T.,
Queensgate House, South Church Street, Grand Cayman, Cayman Islands (the
"Laurus"") in the original principal amount of One Million Seven Hundred Fifty
Thousand Dollars ($1,750,000 ) (the "Revolving Note"). Capitalized terms used
herein without definition shall have the meanings ascribed to such terms in the
Revolving Note.

           WHEREAS, each of the Borrower and Laurus desires to make certain
changes to the Revolving Note to address the comments made by the Securities and
Exchange Commission in order to permit the Borrower's Registration Statement on
Form S-3 (333-114529) to be declared effective.

         NOW, THEREFORE, in consideration of the above, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

1.   Section 2.1 of the  Revolving  Note is hereby  deleted in its  entirety and
     replaced with the following:

                  "2.1 Optional Conversion. Subject to the terms of this Article
         II, the Holder shall have the right, but not the obligation, at any
         time until the Maturity Date, or thereafter during an Event of Default
         (as defined in Article IV), and, subject to the limitations set forth
         in Section 2.2 hereof, to convert all or any portion of the outstanding
         Principal Amount due and payable into fully paid and nonassessable
         restricted shares of the Common Stock at the Fixed Conversion Price
         (defined below). For purposes hereof, subject to Section 3.5 hereof,
         the "Fixed Conversion Price" means $4.26 ((105%) of the average of the
         closing price of the Common Stock for the ten (10) trading days
         immediately prior to the date hereof.) The shares of Common Stock to be
         issued upon such conversion are herein referred to as the "Conversion
         Shares"." Any accrued interest and fees shall be paid by the Borrower
         in cash.
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2.   Section 2.3 of the  Revolving  Note is hereby  deleted in its  entirety and
     replaced with the following:

                  "2.3 Mechanics of Holder's Conversion. In the event that the
         Holder elects to convert this Note into Common Stock, the Holder shall
         give notice of such election by delivering an executed and completed
         notice of conversion ("Notice of Conversion") to the Borrower. On each
         Conversion Date (as hereinafter defined) and in accordance with its
         Notice of Conversion, the Holder shall make the appropriate reduction
         to the Principal Amount as entered in its records and shall provide
         written notice thereof to the Borrower within two (2) business days
         after the Conversion Date. Each date on which a Notice of Conversion is
         delivered or telecopied to the Borrower in accordance with the
         provisions hereof shall be deemed a Conversion Date (the "Conversion
         Date"). A form of Notice of Conversion to be employed by the Holder is
         annexed hereto as Exhibit A. Pursuant to the terms of the Notice of
         Conversion, the Borrower will issue instructions to the transfer agent
         accompanied by an opinion of counsel within one (1) business day of the
         date of the delivery to Borrower of the Notice of Conversion and shall
         cause the transfer agent to transmit the certificates representing the
         Conversion Shares to the Holder upon resale of such Conversion Shares
         by the Holder by crediting the account of the Holder's designated
         broker with the Depository Trust Corporation ("DTC") through its
         Deposit Withdrawal Agent Commission ("DWAC") system within three (3)
         business days (plus any available extension) after receipt by the
         Borrower of the Notice of Conversion (the "Delivery Date"). In the case
         of the exercise of the conversion rights set forth herein the
         conversion privilege shall be deemed to have been exercised and the
         Conversion Shares issuable upon such conversion shall be deemed to have
         been issued upon the date of receipt by the Borrower of the Notice of
         Conversion. The Holder shall be treated for all purposes as the record
         holder of such Common Stock, unless the Holder provides the Borrower
         written instructions to the contrary."

3.   The foregoing amendment shall be effective as of the date hereof.

4.   Except  for  amendment  number  1,  there  are no other  amendments  to the
     Revolving Note.

5.   The Borrower  hereby  represents and warrants to Laurus that as of the date
     hereof all  representations,  warranties  and covenants made by Borrower in
     connection with the Revolving Note are true correct and complete and all of
     Borrower's covenants  requirements have been met. As of the date hereof, no
     Event of Default under any Related Agreements (as defined in the Securities
     Purchase Agreement) has occurred or is continuing.


<PAGE>



         IN WITNESS WHEREOF, each of the Borrower and Laurus has caused this
Amendment No. 2 to the Revolving Note to be signed in its name this 9th day of
August, 2004.




                                        GLOBAL PAYMENT TECHNOLOGIES,INC.



                                        By:
                                           ------------------------------------
                                           Name:
                                           Title:



                                        LAURUS MASTER FUND, LTD.


                                        By:
                                           ------------------------------------
                                           Name:
                                           Title: