Moves to Link 100% of its Machines to Cashless
Payment Options; Signs on for Premium Support Service Offerings
USA Technologies, Inc. (NASDAQ:USAT), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, today announced the
expanded agreement with A&A Vending Services (A&A), a
Canteen franchisee. USAT is currently upgrading 1,200 of the
company’s machines to its state-of-the-art cashless technology
platform and telemetry services, enabling the company to track the
acceptance of cash, credit/debit cards, and mobile wallet
payments such as Android Pay and Apple Pay through its NFC-capable
ePort Connect® cashless payment system. To date, with nearly 520 of
the machines connected in four months, A&A is showing positive
early results.
Established in 1995, A&A Vending Services has grown to
become one of the largest vending service providers serving
Augusta, GA and the surrounding cities operating 39 full-service
vending routes, servicing thousands of vending, coffee and
micro-market machines.
"For the past 20 years, we have built our company name on
providing outstanding service by listening to the needs of our
customers,” said Les Perry, Owner, A&A Vending Services. “More
and more of our customers are looking to make contactless purchases
from our machines, so we realized that transitioning to cashless
wasn’t something we could put off any longer. USA Technologies has
been guiding us through the process, offering insight and support
to ensure our financial commitment pays off as quickly as possible.
We are excited by the early traction and look forward to continued
results like these as we move to 100 percent cashless on every
machine.”
In addition, A&A has signed up for USAT's Premium Support
Service offerings, including its model market program, which
provide companies access to a bundle of best-in-class support
services including deployment planning, project management,
installation support, training, the marketing of cashless,
marketing support, mobile payment and loyalty programs and funding
support.
"A&A is a perfect example of the a positive benefits
retailers can realize as they move from a primarily cash-based
business to cashless,” said Jim Turner, vice president of
Deployment Services, USA Technologies. “Our approach insures that
deployment is done in a way that makes sense based on the specific
needs of the business. By implementing smart, strategic deployment
programs through Premium Support Services, companies like A&A
not only capture more purchases by consumers, but are running their
business in a more efficient way.”
Useful Links:
USA Technologies: https://usatech.com/Twitter:
https://twitter.com/usa_techYouTube:
https://www.youtube.com/user/USATechnologiesResource Center:
https://usatech.com/resource-center/the-benefits
Sales and Partnership Inquiries:
Please contact USA Technologies, Inc. at +1 800.633.0340 or
sales@usatech.com.
About USAT’s Premium Support Service:
USAT’s Premium Support Service bundles USAT’s best-in-class
services to ensure the most effective deployments of USAT’s
cashless technology through cohesive planning that maximizes
returns. Services include USAT’s Model Market program for planning,
project management, installation support, and marketing support;
integration of deployment planning, installation and performance
optimization; access to USAT’s flagship Knowledge Base data;
profitability calculation; and customized reporting in support of
deployment, inventory and DEX project management. USAT’s Premium
Support Service is available to customers that have made a
commitment to connect a significant portion of their locations to
USAT's service.
About ePort Connect®:
USAT's ePort Connect service is a PCI-compliant suite of
cashless payment and telemetry services specially tailored to fit
the needs of self-serve retail industries. Designed to be a
"one-stop shop," services offered through ePort Connect include
wireless and merchant account setup, simplified processing rates,
settlement and reconciliation, 24 x 7 customer service and a host
of value-added services including mobile payment, loyalty programs
and integrated payment services for micro-markets and other POS
devices.
USA Technologies:
USA Technologies, Inc. is a premier payment technology service
provider of integrated cashless and mobile transactions in the
self-service retail market. The company also provides a broad line
of cashless acceptance technologies including its NFC- ready ePort®
G-series, ePort Mobile™ for customers on the go, ePort®
Interactive, and QuickConnect, an API Web service for developers.
USA Technologies has 93 United States and foreign patents in force;
and has agreements with Verizon, Visa, Chase Paymentech and
customers such as Compass, AMI Entertainment and others. For more
information, please visit the website at www.usatech.com.
Forward-looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: All statements other than statements of
historical fact included in this release, including without
limitation the business strategy and the plans and objectives of
USAT's management for future operations, are forward-looking
statements. When used in this release, words such as "anticipate",
"believe", "estimate", "expect", "intend", and similar expressions,
as they relate to USAT or its management, identify forward looking
statements. Such forward-looking statements are based on the
beliefs of USAT's management, as well as assumptions made by and
information currently available to USAT's management. Actual
results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors,
including but not limited to, the ability of USAT to predict future
market conditions and consumer behavior; the ability of USAT to
operate without infringing or violating the intellectual property
rights of others; and whether the ePort cashless products and
services will encourage consumer loyalty and/or drive recurring or
incremental sales. Readers are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking
statement made by us in this release speaks only as of the date of
this release. Unless required by law, USAT does not undertake to
release publicly any revisions to these forward-looking statements
to reflect future events or circumstances or to reflect the
occurrence of unanticipated events.
- G-USAT -
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160823005523/en/
Media Contact:ANW NetworksEmily F. Porro, +1
347-346-3663emily@anwnetworks.comorInvestor
Contacts:Blueshirt GroupMichael Bishop, +1
415.217.4968mike@blueshirtgroup.com
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Mar 2024 to Apr 2024
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Apr 2023 to Apr 2024