Will Offer Cashless Payments on All of its
1,000 Machines; Connects 100 Select Machines to USAT’s ePort
Interactive®
USA Technologies, Inc. (NASDAQ:USAT) (“USAT”), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, today announced an
expanded agreement with Jackson Brothers of the South (“Jackson
Brothers”), a full service vending, catering, and food service
company based in Springfield, MO. Through the agreement, USAT is
upgrading an additional 750 machines to USAT’s state-of-the-art
cashless technology platform and telemetry services. Included in
the upgrade are 100 ePort® Interactives, USAT's next-generation,
interactive content delivery and payments platform, which will be
connected to 100 select Jackson Brothers machines.
Jackson Brothers of the South provides a full line of vending
services, micro markets, box lunches, office coffee, and cafe
services across southwest and central Missouri, eastern Oklahoma,
and southeast Kansas. Through the expanded agreement with USAT,
Jackson Brothers can now accept cash, credit/debit cards, and
contactless payments, including mobile wallet payments such as
Android Pay and Apple Pay on 100 percent of its 1,000 machines
through USAT’s NFC-capable ePort Connect® and ePort Interactive
cashless payment systems.
“Today’s consumers are all about cashless and mobile payments,
and fewer and fewer are actually carrying cash,” said Darwin
Bickford, CEO, Jackson Brothers. “Upgrading our machines to USAT’s
ePort Connect® and ePort Interactive platforms doesn’t just
answer the call from consumers on cashless options for payment. It
enables us to streamline efficiencies, better engage with
consumers, increase topline sales and capture more revenues. With
USAT, the deployment has been seamless and we’ve already seen
cashless usage happening on 37 percent of our machines, which is
incredible.”
Jackson Brothers has also signed up for USAT's Premium Support
Service offerings, which gives the company access to USAT’s 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.
"The cashless revolution is upon us,” said Tom Jones, executive
vice president, Sales, USA Technologies. “Jackson Brothers is yet
another example of how smart, forward-thinking, and innovative
companies are embracing our next-generation payment platform to
more effectively manage their business. We’re thrilled to expand
our relationship with them to bring cashless payment options to
every one of their machines.”
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. Through its recent acquisition of
Cantaloupe Systems, Inc., the company also offers logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting
management solutions. Cantaloupe Systems is a premier provider of
cloud and mobile solutions for vending, micro markets, and office
coffee services. USA Technologies and Cantaloupe Systems have 85
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; and the possibility that all of the expected
benefits and efficiencies from cashless payment services, including
increases in revenue, 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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