Commits to 100% Connected Machines Featuring
Credit/Debit and Mobile Wallet Payments; Reports Increase in
Cashless Sales
USA Technologies, Inc. (NASDAQ:USAT), a premier payment
technology service provider of integrated cashless and mobile
transactions in the self-service retail market, today announced
that it has added Rawls Distributing Company, a Canteen franchisee,
to its growing list of ePort Connect® customers committing to a
fully connected operation.
As part of the agreement, USAT will provide state-of-the-art
cashless and telemetry services that enable and track the
acceptance of cash at most machines, and also enable and track
credit/debit cards, and mobile wallet payments such as Android Pay
and Apple Pay through its NFC-capable ePort Connect cashless
payment system. In addition, the company has signed up for USAT's
Premier Support Services offerings, which provides companies access
to a bundle of premium, best-in-class support services including
deployment planning, project management, installation support,
training of staff, the marketing of cashless, mobile payment and
loyalty programs and funding support.
"For more than thirty years, we have built our company name not
only on providing outstanding customer service, but on leveraging
the latest technology in order to improve efficiency, productivity
and competitiveness in the marketplace. With more consumers
demanding card and mobile payment technology, it only makes sense
that we complete our transition to cashless on every one of our
machines,” said Robin Rawls, President of Rawls Distributions
Company. "By amplifying our long-standing partnership with USA
Technologies through the Premier Services program, we are ensuring
that the deployment occurs in the smartest, fastest way with
maximum return. At only 50 percent deployment, cashless usage is
already up to 33 percent, and we see greater volume and higher
profit margins, which we feel are due to the new ePort deployments
and upgrades."
Established in 1985, Rawls Distributing Co. is one of the
largest vending service providers in Savannah, GA. As an early
adopter of an integrated cashless and VMS solution, Rawls worked
closely with USAT to enable half the company’s machines with early
versions of USAT’s ePort, called Edge ePort back in 2011. This new
Premier Services agreement marks an expansion and enhancement to
their cashless program, deploying additional ePorts in unattended
machines across the business, as well as upgrading older equipment
in an effort to make 100 percent of Rawls’ machines cashless and
mobile-payment enabled.
"Rawls is one of the industry’s most forward-thinking and
well-respected operators. Their move toward offering cashless
payments at every machine truly underscores the industry’s steady
march toward cashless and mobile payments in self-serve retail,”
said Jim Turner, Vice President of Deployment Services, USA
Technologies. “We believe that, fueled by large scale installations
like this one, smart machine technology like ours which implements
telemetry, cashless and NFC are changing the face of the unattended
retail marketplace through streamlined processes, increased
efficiencies and greater consumer engagement.”
Through the engagement and as part of the Premier Services
program, Rawls will also participate in USAT's model market
program, which aims to accelerate consumer adoption through
site-specific support, marketing and strategic deployment
planning.
Useful Links:
USA Technologies: https://usatech.com/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/watch?v=OR-WnaPDAd4
Resource 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.
About ePort Connect®:
USAT's ePort Connect service is a PCI-compliant suite of
cashless payment and telemetry services specially tailored to fit
the needs of self-serve retail industries. Designed to be a
"one-stop shop," services offered through ePort Connect include
wireless and merchant account setup, simplified processing rates,
settlement and reconciliation, 24 x 7 customer service and a host
of value-added services including mobile payment, loyalty programs
and integrated payment services for micro-markets and other POS
devices.
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, and QuickConnect,
an API Web service for developers. USA Technologies has 78 United
States and foreign patents in force; and has agreements with
Verizon, Visa, Chase Paymentech and customers such as Compass, AMI
Entertainment and others. The Company recently acquired Portland,
Oregon, based VendScreen, the industry's leading manufacturer of
retrofit touchscreen devices for vending machines. 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, 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, business, financial market and
economic conditions; and the possibility that all of the expected
benefits and efficiencies from adoption of the ePort Connect
cashless payment service, including telemetry, cashless and NFC,
will not be realized by all vending operators. 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 -
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160308005601/en/
For USA TechnologiesANW NetworksAlicia V. Nieva-Woodgate,
+1 415-515-0866alicia@anwnetworks.comorEmily F. Porro, +1
347-960-3603emily@anwnetworks.com
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Sep 2024 to Oct 2024
USA Technologies (NASDAQ:USAT)
Historical Stock Chart
From Oct 2023 to Oct 2024