A partnership focused on delivering one of the
best EMV certified payment solutions.
USA Technologies, Inc. (NASDAQ: USAT), a premier digital
payment, logistics, and back office service provider in the
self-service retail market, and ADVAM, a global leader in the
supply of gateway payment solutions to the vending and self-service
markets, today announced a partnership which has resulted in the
development and launch of a fully automated, EMV certified,
cashless payment gateway and vending management solution to the
Australian unattended retail market.
USAT and ADVAM anticipate expanding USAT’s more than 969,000
connections worldwide, to offer a turn-key, end-to-end cashless
payment and vending management solution in Australia. USAT and
ADVAM have selected the Ingenico iUC285 card readers to not only
equip Australian vending operators with an EMV solution to accept
both chip and magstripe, but also enable the use of digital
payments such as Apple Pay, Google Pay, and NFC contactless
capabilities.
Following the sale of the Smith’s PepsiCo business to the
independent bottlers who are members of the consortium, iVend Group
(IVG), USAT has been delivering cashless payment and vending
management solutions to several members of the group. USAT is eager
to leverage the exclusive partnership with ADVAM to support
businesses within IVG to expand their unattended retail services,
by allowing them to accept more forms of payment, and enabling EMV
payments in order to reduce the consumers’ burdens of handling
cash. USAT and ADVAM will work towards expanding their partnership
beyond the IVG members, to allow operators all across Australia to
make the move to an automated cashless solution incorporating the
USAT telemetry device and supporting services, and the ADVAM
UnattendedPayments solution.
“We are excited to be partnering with ADVAM as they have lead
the way in secure gateway payment processing within the Australia
market, and we look forward to leveraging their expertise to offer
our existing Australian customers at IVG an EMV-certified payment
solution,” said Mike Marett, SVP Business Development, USA
Technologies. “At USAT we strive to provide our customers with
solutions that help them increase revenues and reduce operational
costs. This partnership would enable us to deliver on that
promise.”
The solution would deliver a reliable and secure payment
processing service, while also allowing unattended retail operators
to benefit from expanded services such as logistics and route
management, merchandising and pre-kitting, as well as providing
them with overall vend management software tools – all while
providing consumers with a more convenient way to pay.
Paul Sidwell, Regional Managing Director for ADVAM comments,
“ADVAM and USAT have been working together for some time to ensure
we can deliver an integrated solution that delivers innovation to
our vending customers. The combined solutions would not only enable
our vending customers to reduce operating costs, but to deliver an
enhanced service to their customers, ultimately leading to an
increase in sales.”
ADVAM and USAT will be showcasing their combined solutions at
the Australian Vending Associations 2018 Vending Expo in Melbourne
from 26th – 27th July.
Useful Links:
ADVAM: https://www.advam.comUSA Technologies:
https://usatech.com/USAT Resource Center:
https://usatech.com/resource-center/the-benefits
About ADVAM (www.advam.com)
ADVAM delivers world leading payment solutions, providing the
expertise to make processing payments easier for its clients.
ADVAM’s solutions incorporate fully integrated UnattendedPayments
for the vending and self-service markets as well as a range of
solutions designed for the parking, airport, shopping centre and
eCommerce markets.
ADVAM's industry leading reservation platform, parking
solutions, unattended hardware and integrated online payment
solutions enable clients to engage with their customers
online, via mobile or at self-service terminals, enabling the
merchant to reduce costs and increase sales by providing a more
convenient way to pay.
With teams and offices in Australia, New Zealand and the
UK, ADVAM provides a unique global perspective while
maintaining local presence, advice and support to its
customers.
Each client benefits from ADVAM’s depth of experience and
industry knowledge. By working with its clients and alongside
industry partners, ADVAM’s solutions integrate with clients’
existing infrastructure and business processes.
ADVAM is the trusted business partner for payment solutions.
Managing the complete end to end integration and
enabling clients to focus on improving their customers’
experience.
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 86 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; whether USAT and ADVAM
enter into a definitive agreement to provide their joint solution
to IVG members and other customers in Australia; and the
possibility that all of the expected benefits and efficiencies from
cashless payment and vending management services, including
increases in revenue and reductions in costs, 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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Media:USA TechnologiesMaeve McKenna Duska,
+1-800-633-0340 x140mduska@usatech.comorInvestor
Relations:Blueshirt GroupMonica Gould,
+1-212-871-3927monica@blueshirtgroup.comorLindsay Savarese,
+1-212-331-8417Lindsay@blueshirtgroup.com
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