Agreement Includes Nearly 9,000 ePort
Interactive Devices, Positioning Them as a Leader in the Emerging
Unattended Retail Advertising Market
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment
technology provider of cashless and mobile transactions in
self-serve retail, today announced a landmark strategic agreement
with Five Star Food Service, a progressive full-service vending,
micro markets, office refreshment services and corporate dining
company that has grown to one of the largest privately held
operators in the United States. The strategic deployment of USAT’s
technology across Five Star’s markets is actively leveraging USAT’s
Premium Services program for rapid deployment that optimizes
operational efficiencies and creates a tailored cashless payment
and engagement program.
“At Five Star Food Service, we pride ourselves on our ability to
recognize the potential in trends like cashless payments and
advertising for the unattended space. We continue to see USAT as a
key partner because of their track record of helping increase the
Net Operating Profit of our operation through analysis of the
existing installed base,” said Alan Recher, President and CEO, Five
Star Food Service. “We leverage their thought leadership, knowledge
of the industry, and commitment to identifying opportunities to
keep us ahead of the curve and help us streamline and grow. We are
continually impressed by the support provided, from deployment
planning to installation services, marketing communications, and
consumer research. It’s a true strategic partnership.”
Both companies share a truly strategic vision, with the closely
aligned goals of delivering a superior customer experience and
service through innovative technologies. In strengthening its
partnership with USAT, Five Star Food Service is committing to
connect nearly 9,000 of the state-of-the-art ePort® Interactive
devices to the ePort Connect service, enabling the company to track
the acceptance of cash, credit/debit cards, and contactless
payments, including mobile wallet payments such as Apple Pay and
Android Pay. In addition, Five Star will be able to leverage all
the capabilities provided by the new technology, including digital
advertising, premier loyalty rewards programs and nutritional
information, via the ePort Connect® platform.
More and more often, consumers are looking for easier, better,
faster, service and now, based on consumer demand, operations often
require the ability to provide information about their healthier
alternatives. USAT’s ePort Interactive allows Five Star to be more
effective and efficient in customizing best in class health and
wellness programs for their customers. The Interactive devices
allow for the promotion of corporate health and wellness
initiatives via advertising campaigns and provide additional
opportunities for consumer education about nutrition at the point
of sale.
“The interactive screens are an important part of our overall
digital strategy,” said Greg McCall, senior vice president of Sales
and Marketing, Five Star Foods. “This new technology enables us to
take a retail mindset and apply a retail strategy for vending. Five
Star was quick to replace vending machines with micro markets, but
this changes all that, giving the machines all the benefits of
micro markets - from the display screens to ads – without the added
cost. It will allow us to drive promotions and advertising directly
to our consumer base. We strongly believe that a digital marketing
platform in vending will grow same store sales.”
“The unattended and self-serve retail markets are leading the
way in terms of cashless payments, loyalty and convenience,” said
Stephen P. Herbert, Chairman and Chief Executive Officer, USA
Technologies. “USA Technologies is committed to helping companies
like Five Star Food Service transition to technology that fully
leverages the convergence of mobile wallets, loyalty and product
information. The increasing adoption of mobile wallet technology
provides our customers with many possibilities for consumer
engagement, where there was none before, and, in turn, has the
potential to create additional revenue for operators and brands
alike. We are honored to work with Five Star Food Service on this
flagship project, they are clear leaders in the industry, with a
long track record of charting the future for the industry.”
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 ePort Interactive:
The ePort® Interactive is the industry's most advanced
cloud-based interactive media and content delivery management
system. It enables the delivery of nutritional information, remote
refunds, loyalty programs, and robust, multimedia-marketing
campaigns for the unattended and self-serve retail markets. The
platform offers PCI DSS compliant security, and supports
traditional magnetic stripe credit and debit cards, as well as NFC
(Mobile Wallet) payments including Apple Pay and Android Pay.
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.
About Five Star Food Service
Five Star Food Service, based in Chattanooga, TN, is the
Southeast’s premier on-site food and beverage solution provider to
employers and other commercial, institutional, and educational
locations. Five Star is a leader in micro-markets, full-service
vending, coffee services, full-service dining, and catering across
Tennessee, Georgia, and Alabama. Founded in 1993, Five Star Food
Service has grown to one of the largest privately held operators in
the United States and is a franchise of Canteen Vending. For more
information visit www.fivestar-food.com.
About 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® Connect, ePort® Interactive, QuickConnect, an
API Web service for developers, and MORE., a customizable
loyalty program. USA Technologies has 77 United States and foreign
patents in force; and has agreements in place with AMI
Entertainment, Apple, Chase Paymentech, Compass, MasterCard,
Verizon, Visa and many 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 possibility that all
of the expected benefits and efficiencies from the use of the ePort
Interactive will not be realized by all vending operators and on
all vending machines, or within the expected time period; whether,
and the extent to which digital marketing platforms would increase
sales for its customers. 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
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version on businesswire.com: http://www.businesswire.com/news/home/20170524005460/en/
For Five Star Food Service:C. J. Recher, +1
423-643-2617cj.recher@fivestar-corp.comorFor USA Technologies,
Inc.:Media:ANW NetworksAlicia V. Nieva-Woodgate, +1
415-515-0866alicia@anwnetworks.comorInvestors:The Blueshirt
GroupMike Bishop, +1 415-217-4968mike@blueshirtgroup.com
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