USA Technologies Expands JumpStart Offering to Include Stand-Alone Wireless Telemetry Option
August 31 2011 - 11:11AM
Business Wire
USA Technologies, Inc. (NASDAQ: USAT), a leader of wireless,
cashless payment and M2M telemetry solutions for self-serve
retailing industries, today announced the expansion of its
JumpStart program to include a stand-alone wireless telemetry
solution. With this expanded product offering, USA Technologies now
provides the full array of vending technology solutions under its
JumpStart program, enabling customers the flexibility to
participate in this program for cashless payments, telemetry, or
both. The USA Technologies’ JumpStart program makes it possible to
implement the latest in USA Technologies’ cashless payments and
wireless telemetry solutions with no capital cost and no long-term
commitment.
“USA Technologies already provides wireless telemetry solutions
and cashless payment services to over 100,000 locations across the
US and Canada,” said Stephen P. Herbert, President and COO of USA
Technologies. “Our customers have been asking us to include our
stand-alone ePort wireless telemetry solution as part of our
popular JumpStart program to alleviate the burden of upfront
capital costs typically associated with telemetry hardware. Their
preference is to pay a fixed monthly fee for our telemetry hardware
and related services. And because our ePort Connect Service
supports both cashless payments and telemetry, customers who choose
to utilize only the telemetry solution now, can easily upgrade to
the industry’s leading cashless payment solution later.”
USA Technologies’ ePort wireless telemetry solution for the
vending industry is designed to provide customers with maximum
flexibility, is VDI-compliant and compatible with the vending
industry’s leading providers of vending management software
systems, including Crane Merchandising Systems’ Streamware and
VendSys, as well as the proprietary systems of several large
customers. The ePort telemetry solution provides real-time DEX
(Data Exchange) data each day, enabling owners and operators to
make critical business decisions for the following business day’s
operations and allowing them to maximize route efficiency, route
scheduling and pre-loading of route trucks. USA Technologies and
other suppliers collaborated with NAMA (National Automatic
Merchanding Association) to establish the VDI (Vending Data
Interchange) standard to facilitate data sharing and
interoperability among vending technology platforms and service
suppliers. USA Technologies’ ePort Connect service is the
industry’s most flexible and interoperable solution for cashless
payments and M2M telemetry services. Its open platform enables
customers to connect with most major route management systems,
benefit from the choice of three different card processors, and
have the option to install USAT’s cashless payments hardware or
hardware from multiple other hardware manufacturers.
“Our ePort hardware and ePort Connect service provides our
vending customers with the two key technologies they need to
compete in the highly-competitive vending industry: cashless
payments and DEX telemetry, all on one hardware platform,” said
Herbert. “By adding the stand-alone telemetry option to our
JumpStart program, we are enabling our customers to put their
entire fleet of vending machines on our ePort Connect service for
route management and increased efficiencies, with the ability to
add cashless later without a change in hardware. We believe that
the turn-key nature and flexibility of our solution combined with
our JumpStart program is a winner for owners and operators in
small-ticket, unattended retail industries like vending. Now
operators can deploy cashless payments, telemetry, or both, quickly
and easily without the upfront capital costs.”
Owners and operators of unattended retail terminals like vending
machines are encouraged to contact USA Technologies for more
information on how to get started with cashless and/or telemetry by
calling 800-633-0340. Visit us online at www.usatech.com
About USA Technologies:
USA Technologies is a leader in the networking of wireless
non-cash transactions, associated financial/network services and
energy management. USA Technologies provides networked credit card
and other non-cash systems in the vending, commercial laundry,
hospitality and digital imaging industries. The Company has been
granted 79 patents and has agreements with Verizon, Visa, Compass,
Crane and others. Visit our 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 financial position, anticipated connections to our
network, business strategy and the plans and objectives of the
Company'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 the Company or its management, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of the Company's management, as well as
assumptions made by and information currently available to the
Company'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, business, financial
market and economic conditions, including but not limited to, the
ability of the Company to retain key customers from whom a
significant portion of its revenues is derived; whether the
Company’s customers continue to operate or commence operating
ePorts received under the JumpStart program or otherwise at levels
currently anticipated by the Company; the ability of the Company to
compete with its competitors to obtain market share; the ability of
the Company to obtain widespread commercial acceptance of it
products; and whether the Company's existing or anticipated
customers purchase ePort devices in the future at levels currently
anticipated by the Company. 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, the Company
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.
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