Document:

Exhibit No. 4.1 (h)

                                        WAIVER dated as of January 13, 2003 to
                                        the Amended and Restated Credit
                                        Agreement dated as of September 10, 2002
                                        (the "Agreement") by and between Global
                                        Payment Technologies, Inc., a Delaware
                                        corporation (the "Company") and JPMorgan
                                        Chase Bank, a New York banking
                                        corporation (the "Lender").

WHEREAS, the Company has requested the Lender to waive compliance with certain
provisions of the Agreement to the extent set forth below;

WHEREAS, the Lender has agreed, subject to the terms and conditions of this
WAIVER, to waive compliance with certain provisions of the Agreement to the
extent set forth below;

NOW, THEREFORE, in consideration of the premises and of the mutual agreements
herein contained, the parties hereto agree as follows:

1.    Waiver of Article VI. Affirmative Covenants. Section 6.03. Financial
      Statements, Reports, etc.

      Compliance with Section 6.03. (a) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit the late receipt by the
      Lender of (1) the audited consolidated financial statements of the Company
      for the fiscal year ended September 30, 2002, accompanied by the
      unqualified opinion of the Auditor and (2) the unaudited consolidating
      financial statements of the Company for such fiscal year, each of which
      were required to be delivered to the Lender no later than December 31,
      2002 provided, however, such financial statements are received by the
      Lender, in the form required pursuant to Section 6.03. (a), no later than
      January 17, 2003.

      Compliance with Section 6.03. (c) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit the late receipt by the
      Lender of the certificate of non-default of the Chief Financial Officer of
      the Company with respect to the fiscal year ended September 30, 2002,
      which certificate was to be delivered to the Lender no later than December
      31, 2002 provided, however, such certificate is received by the Lender no
      later than January 17, 2003.

      Compliance with Section 6.03. (d) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit the late receipt by the
      Lender of the certificate of non-default of the Auditor with respect to
      the fiscal year ended September 30, 2002 provided, however, such
      certificate is received by the Lender no later than January 17, 2003.

2.    Waiver of Article VII. Negative Covenants. Section 7.13. Financial
      Covenants.

<PAGE>
                                     - 2 -

      Compliance with Section 7.13. (a) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit Consolidated Tangible
      Net Worth to be less than $17,500,000 as of the fiscal year ended
      September 30, 2002 provided, however, Consolidated Tangible Net Worth was
      not less than $16,540,000 as of such fiscal year end.

      Compliance with Section 7.13. (d) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit Consolidated Interim
      EBIT to be less than ($500,000) for the fiscal quarter ended September 30,
      2002 provided, however, Consolidated Interim EBIT was not less than
      ($1,766,000) for the fiscal quarter ended September 30, 2002.

      Compliance with Section 7.13. (f) of the Agreement is hereby waived for
      the fiscal year ended September 30, 2002 to permit the ratio of
      Consolidated Quick Assets to Consolidated Current Liabilities to be less
      than 1.70 to 1.0 as of the fiscal year ended September 30, 2002 provided,
      however, such ratio was not less than 1.13 to 1.0 as of such fiscal year
      end.

This WAIVER shall be construed and enforced in accordance with the laws of the
State of New York without reference to principles of conflicts of law.

Capitalized terms used herein and not otherwise defined herein shall have the
same meanings as defined in the Agreement.

Except as expressly waived, amended or consented to hereby, the Agreement shall
remain in full force and effect in accordance with the original terms thereof
and is ratified and confirmed.

The agreements herein contained are limited specifically to the matters set
forth above and do not constitute directly or by implication an amendment or
waiver of any other provision of the Agreement or any Default or Event of
Default which may occur or may have occurred under the Agreement including,
without limitation, the Existing Financial Covenant Violations (as hereinafter
defined) and all rights and remedies of the Lender with respect thereto are
hereby expressly reserved and may be enforced or exercised at any time and from
time to time, all as more fully set forth in the reservation of rights letter
dated December 3, 2002 from the Lender to the Company, which has been
acknowledged by the Company and the Guarantors.

The Company hereby represents and warrants that, after giving effect to this
WAIVER, (1) no Default or Event of Default exists under the Agreement or any
other related document other than an Event of Default solely attributable to the
failure of the Company to comply with Sections 7.13. (a), (c), (d), and (f)
solely during the period commencing October 1, 2002 and thereafter (the
"Existing Financial Covenant Violations") and (2) the representations and
warranties contained in Article IV. of the Agreement are true and correct as of
the date hereof as if made on the date hereof (unless limited to an earlier
date, in which event they shall be true as of such earlier date) after giving
effect to this WAIVER with the exception of the representation and warranty set
forth in Section 4.14. of the Agreement solely as it relates to the Existing
Financial Covenant Violations.

<PAGE>
                                     - 3 -

Please be advised that should there be a need for further amendments or waivers
with respect to these covenants or any other covenants, those requests shall be
evaluated by the Lender when formally requested, in writing, by the Company.

This WAIVER may be executed in one or more counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute
but one WAIVER. This WAIVER shall become effective when duly executed
counterparts hereof which, when taken together, bear the signatures of each of
the parties hereto shall have been delivered to the Lender.

IN WITNESS WHEREOF, the Company and the Lender have caused this WAIVER to be
duly executed by their duly authorized officers, all as of the day and year
first above written.

                                 GLOBAL PAYMENT TECHNOLOGIES, INC.

                                 By:
                                     -------------------------------------------
                                 Name:  Thomas McNeill
                                 Title: Vice President & Chief Financial Officer

                                 By:
                                     -------------------------------------------
                                 Name:  Thomas Oliveri
                                 Title: Chief Operating Officer

                                 JPMORGAN CHASE BANK

                                 By:
                                     -------------------------------------------
                                 Name:
                                 Title: Vice President

<PAGE>

                                     CONSENT

The undersigned, not a party to the Agreement but a "Guarantor" under an Amended
and Restated Limited Corporate Guaranty executed by the undersigned in favor of
the Lender, hereby accepts and agrees to the terms of the WAIVER contained
herein and further acknowledges that its Limited Corporate Guaranty is in full
force and effect and is ratified and confirmed.

                                        ABACUS FINANCIAL MANAGEMENT
                                        SYSTEMS LTD. USA

                              By:
                                 -----------------------------------------------
                                 Name:  Thomas McNeill
                                 Title: Vice President & Chief Financial Officer

                                 By:
                                    --------------------------------------------
                                 Name:  Thomas Oliveri
                                 Title: Chief Operating OfficerEXHIBIT I

              FORM OF MONTHLY SALES, HEADCOUNT AND INVENTORY REPORT
                     As of [10th day of each calendar month]
  (prepared on a consolidated basis including Global Payment Technologies, Inc.
                       and its consolidated Subsidiaries)

Summary of GPT Monthly Sales Forecast

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                    (A)                (B)               (C)               (D)              (E)             (F)             (G)

  As of Date        Act            Booked & or        Booked &             Addl            Total         Forecast          Booked
               Q[1][2][3][4]         Shipped         or Shipped          Forecast      Q[1][2][3][4]       Total         Outside Of
                    sales         Q[1][2][3][4]     Q[1][2][3][4]     Q[1][2][3][4]       (sum of           FY         Q[1][2][3][4]
                 (designate        (designate        (designate         (designate       columns C        (sum of        (bookings
                  for each             for            for then           for then          and D)       columns A,      for quarters
                  quarter          immediately         current           current                         B and E)        after then
                 completed          preceding          quarter           quarter                                          current
                 other than          quarter            only)             only)                                           quarter)
                  quarter             only)
                 covered in
                 column B)
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                <C>               <C>               <C>              <C>             <C>             <C>
(the 10th day
  of each
   month)
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      -4-
<PAGE>

Head Count

----------------------------------------------
  As of Date           Actual           Budget
----------------------------------------------
(last day of
immediately
prior month)
----------------------------------------------

----------------------------------------------

Inventory - Projected at Quarter End (excludes product development costs)

--------------------------------------------------------------------------------
 As of Date                       Mar         June         Sep         Dec
--------------------------------------------------------------------------------
(10th day of
 each month)
--------------------------------------------------------------------------------

                                      -5-
<PAGE>

                            NOTICE AND ACKNOWLEDGMENT
                              OF SECURITY INTEREST

Global Payment Technologies Holdings (Proprietary) Limited

Re:   Global Payment Technologies, Inc.

Gentlemen:

      Pursuant to a Credit Agreement dated as of September 10, 2002, Global
Payment Technologies, Inc. ("GPT') will receive loans and financial
accommodations from JPMorgan Chase Bank ("JPMorgan") (such credit agreement, as
the same may be amended, restated or otherwise modified, from time to time, the
"Credit Agreement"). To secure GPT's obligations under the Credit Agreement GPT
has granted JPMorgan a security interest in its accounts, including, without
limitation, all of GPT's accounts receivable.

      We hereby request your acknowledgment and agreement that upon notice from
JPMorgan stating that an Event of Default has occurred under the Credit
Agreement you shall make all payments then due and owing, and thereafter due and
owing, by you to GPT, whether with respect to the purchase of goods and services
or otherwise, directly to JPMorgan, without setoff, defense or counterclaim, to
the address set forth below or such other address as JPMorgan may designate in
such notice:

                               JPMorgan Chase Bank
                             395 North Service Road
                            Melville, New York 11747
        Attention: Relationship Manager-Global Payment Technologies, Inc.

      Further, we hereby request your acknowledgment and agreement that (i)
after receipt of such notification you may discharge your obligation with
respect to all amounts owing by you to GPT by paying JPMorgan and may not
discharge that obligation by paying GPT, and (ii) any term in any agreement
between GPT and you is ineffective to the extent that it prohibits, restricts or
requires your consent to the assignment or the transfer of, or the creation of
security interest in, amounts owing by you to GPT, or provides that any such
action constitutes a default under any
<PAGE>

agreement between you and GPT. You acknowledge that JPMorgan will be relying on
this Notice and Acknowledgment of Security Interest in extending credit to GPT
and, accordingly, is intended to be the beneficiary hereof and shall have the
right to enforce to your agreements herein.

      This Notice and Acknowledgment of Security Interest may be executed in
counterparts, each of which shall be deemed an original and all of which taken
together shall constitute one in the same Notice and Acknowledgment of Security
Interest. This Notice and Acknowledgment of Security Interest may not be amended
except in an agreement in writing signed by you, GPT and JPMorgan.

      Please indicate your acknowledgment and agreement to the foregoing by
signing in the space provided below.

                                         GLOBAL PAYMENT TECHNOLOGIES, INC.

                                         By: __________________________________
                                         Name:
                                         Title:

Acknowledged and Agreed

GLOBAL PAYMENT TECHNOLOGIES HOLDINGS
(PROPRIETARY) LIMITED

By: __________________________________
Name:
Title:

Acknowledged

JPMORGAN CHASE BANK

By: __________________________________
Name:
Title:

                                      -2-

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