Expanded Agreement Includes 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
Lincoln County Vending has agreed to expand its relationship with
USAT to a strategic partnership and upgrade additional machines to
ePort Connect®. To date, with approximately 95 percent of
the additional deployment completed, Lincoln County Vending has
seen a migration of 23 percent of its average machine sales to
cashless usage.
Lincoln County Vending, a Canteen Franchisee, is a premier
vending company in the southern and middle Tennessee area,
providing a variety of brand name products from snack, beverage,
and food machines to businesses in Fayetteville and surrounding
areas. Through USAT, Lincoln County Vending will now accept cash,
credit/debit cards, and contactless payments, including mobile
wallet payments such as Android Pay and Apple Pay, through its
NFC-capable ePort Connect® cashless payment system.
“For twenty years, we have remained committed to bringing our
customers the most advanced technology, the best products
customized to their needs, and the best service possible,” said
Kevin Posey, operations manager for Lincoln County Vending.
“Enabling consumers to pay with their preferred payment method,
whether it be card, mobile phone or cash, doesn’t just ensure we
are delivering on that promise, but makes sound business sense. By
equipping our machines with USAT’s ePort Connect, we are already
seeing an increase in sales, while gaining greater visibility into
purchase behavior of our consumers to ensure we’re meeting their
needs. Deployment has been fast and easy, and we couldn’t ask for a
better partner than USA Technologies.”
As part of the agreement, Lincoln County has signed up for
USAT’s Premium Support Service offerings, which provides customers
access to a bundle of best-in-class support services including
deployment planning, project management, installation support,
training, tools specific to the marketing of cashless programs, and
marketing support/consultation, mobile payment and loyalty programs
and, in some cases, funding support.
“Lincoln County Vending is a perfect example of the kind of
innovative, customer-minded companies joining our roster of
retailers choosing to offer cashless payment options on every one
of their machines,” said Maeve McKenna Duska, senior vice president
of Marketing, USA Technologies. “We look forward to continuing to
help Lincoln County Vending improve businesses processes, increase
efficiencies and grow revenue in ways we believe are possible
through ePort Connect.”
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; and
customized reporting in support of deployment, 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.
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 Mobile™ for customers on the go, ePort®
Interactive, and QuickConnect, an API Web service for developers.
USA Technologies has 76 United States and foreign patents in force;
and has agreements with Verizon, Visa, Chase Paymentech and
customers such as Compass, AMI Entertainment and others. The
company recently acquired Cantaloupe Systems, Inc. a premier
provider of cloud and mobile solutions for vending, micro markets,
and office coffee service. 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 the possibility that
all of the expected benefits and efficiencies from cashless payment
services, including increases in revenue and rate of migration of
average machine sales to cashless usage, will not be realized by
all vending operators and on all vending machines or within the
expected time period. 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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