USA Technologies Expands Merchant Services Relationship with Chase
July 07 2017 - 8:15AM
Business Wire
USA Technologies, Inc. (NASDAQ: USAT) ("USAT"), a payment
technology provider of cashless and mobile transactions in
self-serve retail and Chase, are expanding joint efforts to help
more self-serve and unattended retail go cashless, through a
strategic marketing agreement.
With significant capital investments needed to keep up with the
pace of today’s consumers, particularly millennials, retailers in
the self-serve markets are looking for increased operational
efficiencies, robust payment technology and enhanced user
engagement.
The two companies have been working together for some time to
bring greater opportunities to their shared customers, by
leveraging USAT’s best-in-class cashless payments and loyalty
platforms, with the added security and expanded reach of
market-leading payments from Chase.
Through the companies’ joint marketing efforts, consumers will
now have a better understanding of the opportunities available when
paying with credit or via mobile wallet. In addition, retailers
will now have the tools to better engage with customers in the
moment at the point of sale.
“Payment innovations and consumer trends are changing every
aspect of retail sales,” said Mike Lawlor, CSO, USA Technologies.
“We are committed to educating the market and delivering innovative
solutions to support operators in the rapidly growing market of
unattended retail.”
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 73 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; and 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/20170707005140/en/
Media Contacts:USA Technologies:Melissa Hourigan,
ANW Networks+1 720.988.3856melissa@anwnetworks.comInvestor
Relations:Michael Bishop, Blueshirt Group+1
415.217.4968mike@blueshirtgroup.com
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