IAAPA ATTRACTIONS EXPO -- Today, USA Technologies, Inc.
(NASDAQ:USAT) ("USAT"), a premier digital payment, consumer
engagement and logistics service provider for the self-service
retail market, announced it is demonstrating USAT's
state-of-the-art cashless payment platform ePort Connect during
IAAPA Attractions Expo in Orlando, Florida, November 12-16, 2018.
IAAPA Attractions Expo 2018 is the leading global conference and
trade show for the amusement and attractions industry. The USA
Technologies booth is #4382.
USA Technologies’ cashless solution enables acceptance of credit
and debit cards, as well as mobile wallets such as Apple Pay,
Google Pay and Samsung Pay, while giving operators remote access to
sales and machine data. As a leader in cashless and mobile payments
with nearly a million connections to its ePort Connect platform,
USAT’s cashless acceptance devices have coin pulse capabilities to
enable retrofitting older amusement machines that were designed to
accept cash only. Customers with wireless capability can also take
advantage of QuickConnect, the company’s web service. The ePort
Connect service can support an operator’s end-to-end cashless
payment needs—from setup to daily ongoing management of their
account, including any customer-related service inquiries.
“We believe enabling operators to easily accept cashless
payments for their amusement machines can make a difference to
their business model,” said Maeve McKenna Duska, SVP Marketing and
Strategic Development, USA Technologies. “As fewer people carry
cash, empowering consumers to pay with cashless methods could
potentially increase not only usage, but also efficiency because
operators deal with less coin drop issues or bill jams. As the
industry continues to grow, ePort Connect devices help to quickly
and easily modernize amusement machines with an end-to-end payment
platform. We’re thrilled by the number of operators visiting our
booth this week to test our cashless payment devices as they
consider the potential benefits of bringing cashless to their
machines.”
Several channel partners, including Unique Souvenirs, Inc.,
Haystack Dryers and Betson Enterprises are featuring USA
Technologies’ cashless payment solution in their booth during the
show. Unique Souvenirs is a family-owned business known for vintage
injection molding souvenir machines operating in dozens of
locations including zoos, theme parks, and family attractions
throughout Florida, Tennessee and Ohio. Haystack Dryers was founded
in 2000 and has grown to become one of the world's leading
manufacturers of body dryers. The company has established itself as
a major industry player, necessitating an advanced manufacturing
plant and offices on both sides of the Atlantic. Since 1934, Betson
Enterprises has provided solutions to the location-based
entertainment industry through its family-owned business, and,
according to its website, has grown to be the largest full-line
distributor of amusement and vending equipment in North
America.
According to Statista, by 2020, revenues of amusement and theme
parks in the United States are projected to reach approximately
22.87 billion U.S. dollars.
Last year, USAT completed the acquisition of Cantaloupe Systems,
which includes its Seed Office and Seed Pro services, 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, including amusement
machines.
About IAAPA
Celebrating its 100th anniversary in 2018, the International
Association of Amusement Parks and Attractions (IAAPA) began as an
advocacy office in 1918. Since that time, IAAPA has become the
largest international trade association for permanently situated
amusement facilities worldwide. As a non-profit organization, IAAPA
represents more than 5,300 facility, supplier, and individual
members from more than 100 countries. Members include professionals
from amusement parks, theme parks, attractions; water parks,
resorts; family entertainment centers; zoos, aquariums; science
centers, museums; and industry manufacturers and suppliers. IAAPA
helps members improve their efficiency, marketing, safety, and
profitability while maintaining the highest possible professional
standards in the industry.
The association's global headquarters is in Orlando, Florida,
US. The non-profit organization maintains offices in Brussels,
Belgium; Hong Kong, China; Shanghai, China; and Mexico City,
Mexico. To learn more, visit www.IAAPA.org or connect through
social media channels: @IAAPAHQ #IAAPA100
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 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 third-parties to
predict future market conditions, consumer behavior and average
cashless sales across amusement and theme parks in the United
States; and the possibility that all of the expected benefits and
efficiencies from cashless payment services, including increases in
consumer usage and efficiency, 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/20181116005252/en/
For USA Technologies, Inc.:Maeve McKenna Duska +1
800.633.0340mduska@usatech.com
Emily PorroSavarese Communications347-346-3663
USA Technologies (NASDAQ:USAT)
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