AVM Services Expands Relationship with USAT
October 05 2018 - 7:00AM
Business Wire
Combines USAT ePort Cashless Payments Platform
with Seed Pro, Seed Office and Seed Delivery Software
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, today announced an expanded agreement
with AVM Services, a vending, office coffee and water service
company based in Audubon, PA. Through the agreement, AVM has
upgraded 1,100 machines with USAT’s state-of-the-art ePort Connect®
cashless technology platform, and equipped such machines with Seed
Pro and Seed Office. Additionally, the company is utilizing Seed
Delivery at 2,000 office coffee services delivery points.
AVM Services is a second generation family owned business
serving vending, office coffee and water to customers in the
Pennsylvania, New Jersey and Delaware region. Through the expanded
partnership, AVM will benefit from the reliability and security of
USAT’s industry-leading ePort cashless payment system on its
customers’ machines, coupled with the power of our patented,
cloud-based vending intelligence solutions, designed to enable the
company to optimize its business and increase revenues while
minimizing operating costs.
“We have built our business for generations based on introducing
new products and services to our customers and are recognized for
our excellence in service and innovation,” said Larry McQuaid, VP
of Operations, AVM Services. “We are thrilled to expand our
agreement with USA Technologies. The combination of USAT’s
best-in-class payment technology and Seed software will enable us
to continue to deliver exceptional service to our customers while
minimizing operational costs through the most innovative solutions.
We are well on our way to full implementation and Terry Hovis and
Greg Young from the USAT support team have done a tremendous job in
supporting us through this effort.”
“AVM’s expanded agreement is a testament to the strength of the
combined technologies of ePort Connect and the Seed Pro suite of
solutions,” said Maeve McKenna Duska, SVP Marketing and Strategic
Development, USA Technologies. “We are proud to help AVM continue
the tradition of innovation and service with one of the most
powerful, holistic enterprise platforms in the unattended retail
market.”
AVM Services 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.
About USA TechnologiesUSA 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-benefits
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 and
reductions in operating 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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version on businesswire.com: https://www.businesswire.com/news/home/20181005005113/en/
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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