Pepsi Bottling Ventures Selects USA Technologies for Cashless Payments
August 02 2018 - 8:58AM
Business Wire
PBV Commits to Connecting 13,000 Machines to
the ePort Connect Service
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier
digital payment, consumer engagement and logistics service provider
for the self-service retail market, today announced that Pepsi
Bottling Ventures (PBV), the largest privately-held bottler for
Pepsi-Cola products in North America, signed a multi-year agreement
for USAT’s ePort Connect Service. The agreement includes deployment
of the ePort cashless payment system on 13,000 machines, as well as
the option to add Seed Pro and Seed Office software. The complete
end-to-end enterprise solution would enable PBV to provide cashless
payments, improve customer service and route efficiency and reduce
the company’s carbon footprint.
Pepsi Bottling Ventures (PBV) is the largest privately-held
bottler for Pepsi-Cola products in North America – manufacturing,
selling, and distributing some of the world’s most recognized
consumer brands. PBV operates 20 bottling and distribution
facilities, serving over eight million consumers in North Carolina,
South Carolina, Virginia, Maryland, and Delaware. Corporate offices
are located in Raleigh, North Carolina.
“An important part of PBV’s mission is to provide
“best-in-class” customer service to our clients,” said Randy
Quirk, Vice President of Food Service, Pepsi Bottling Ventures. “To
meet this challenge, we needed to look at leveraging best-in-class
technology to improve the consumer experience while also increasing
our own performance and efficiency. We have long recognized the
value of adding cashless payments to our vending machines, but were
also looking to drive operational efficiencies. USA Technologies
was able to offer a comprehensive solution from a single platform
that allow us to achieve all our goals. USA Technologies’ extensive
scale and experience also gave us the confidence to know we were
picking the right partner to work with.”
“PBV is built on its reputation for product quality, superior
service, and unparalleled support. Their move to equip 13,000 of
their machines with state-of-the-art ePort cashless payment
technology underscores their commitment to these basic tenets and
provides consumers with their preferred method of payment – be it
credit card, debit card, or mobile wallet - for increased speed,
convenience and satisfaction,” said Michael Lawlor, Chief Services
Officer, USA Technologies. “The team at PBV has long recognized the
value of digital payment technology but wanted to ensure they had
the best solution for their business. Once USAT was selected as
their partner of choice, they were swift to place a large-scale
order for maximum impact.”
“PBV represents a new customer for USAT, and is a great example
of the kind of forward-thinking, success-oriented customers moving
a substantial portion of their machines onto the USAT platform for
cashless and operational benefits,” said Mr. Lawlor. “USAT is proud
to have earned their confidence and eager to help PBV quickly enjoy
the top-line benefits that we expect will result from our work
together.”
USAT’s industry-leading ePort cashless payment system brings
reliable, secure, and proven cashless payments to its customers’
machines. Seed Pro is a patented, cloud-based analytics system that
delivers easy-to-use dynamic scheduling, accurate pre-kitting,
smart alerts, and optimized merchandising. The Seed Office solution
is a cloud-based and mobile-optimized vending management system
(VMS) for backoffice management of key functions such as product
accountability, sales reconciliation, and asset tracking.
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. ("Cantaloupe"), the company also offers logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting
management solutions. Cantaloupe is a premier provider of cloud and
mobile solutions for vending, micro markets, and office coffee
services.
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-benefitsPepsi Bottling
Ventures: http://www.pepsibottlingventures.com
Sales and Partnership Inquiries:Please contact USA
Technologies, Inc. at +1 800.633.0340 or sales@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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For USA Technologies, Inc.:Maeve McKenna Duska, +1
800-633-0340mduska@usatech.comorInvestors:Blueshirt GroupMonica
Gould, +1 212-871-3927monica@blueshirtgroup.com
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