Growing Roster of USA Technologies Customers Add Newly Acquired Logistics and Enterprise Software
January 16 2018 - 08:00AM
Business Wire
Berkshire Foods, Team Modern and Downey Vendors
Among 16 Customers Adding Seed Pro and Seed Office to Existing
ePort Connect Cashless Payment Services
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
that 16 customers have signed agreements during their fiscal
quarter ended December 31, 2017 to adopt one or more of the
performance optimization elements of USAT's newly acquired
end-to-end enterprise services: Seed Pro, SeedSync and Seed Office.
Customers include Berkshire Foods, Team Modern and Downey Vendors,
which have all signed agreements to add the newly acquired
analytics software into their existing USAT ePort Connect cashless
payment services to improve efficiency, achieve scalability, and
maximize the investment they have already made in USAT's
market-leading ePort Connect platform.
The news comes on the heels of an announcement in December which
reported that Canteen franchisees Southern Vending and RDS Vending,
LLC, along with Miami Vending Machines, would adopt Seed Pro and
Seed Office services.
“This continued momentum validates the combined synergies we
share with the newly-acquired Cantaloupe Systems, and demonstrates
the value that the combined platform brings with Seed Pro and Seed
Office,” said Michael K. Lawlor, chief services officer, USA
Technologies. “Our customers are looking to increase efficiencies
and want to leverage their existing relationships with us as a
one-stop provider. We are thrilled that more and more customers
recognize the value of our best-in-class logistics and enterprise
software, and the ability to add it to their current portfolio of
USAT cashless payment and consumer engagement services through one
company. We anticipate this momentum will grow as we continue to
educate customers on how they can benefit from our expanded
portfolio.”
USAT completed the acquisition of Cantaloupe Systems, which
includes its Seed Office and Seed Pro services, on November 9,
2017, adding logistics, dynamic route scheduling, automated
pre-kitting, responsive merchandising, inventory management,
warehouse and accounting management to its existing portfolio of
cashless payment, loyalty and consumer engagement services. The
combined portfolio is designed to provide an enterprise system for
self-service unattended retail businesses like vending.
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 KnowledgeBase 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.
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 have 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 customer response to USAT's new product and
service offerings; and the possibility that all of the expected
benefits and efficiencies from its newly combined offering,
including improvements in efficiencies and scalability, 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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version on businesswire.com: http://www.businesswire.com/news/home/20180116005761/en/
Media:ANW NetworksEmily F. Porro, +1
347.346.3663emily@anwnetworks.comorAlicia V. Nieva-Woodgate, +1
720.808.0086alicia@anwnetworks.comorInvestor
Relations:Blueshirt GroupMonica Gould, +1
212-871-3927monica@blueshirtgroup.com
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