Coastal Canteen Vending & Food Services Inc. Expands Relationship with USA Technologies; Signs on for Premium Support Service...
August 10 2016 - 6:30AM
Business Wire
Commits to Connect 100% of its Machines to
Cashless Payment Options; Reports 32% Cashless Usage
SEVA CONVENTION 2016 -- 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 the initial results of an expanded
agreement with Coastal Canteen Vending and Food Services Inc.
(Coastal Canteen). USAT is currently upgrading the company’s 1500
machines to its state-of-the-art cashless technology platform and
telemetry services, enabling the company to track the acceptance of
cash, credit/debit cards, and mobile wallet payments such as
Android Pay and Apple Pay through its NFC-capable ePort Connect®
cashless payment system. To date, with approximately a third of the
deployment completed, Coastal Canteen is initially reporting
cashless usage at 32 percent of average machine sales.
Established in 1953, Coastal Canteen Vending and Food Service is
one of the largest vending service providers serving Charleston, SC
and the surrounding cities. The company saw an increasing demand
for cashless options, not only from consumers in general, but its
own customers due to growing awareness of the increased
efficiencies and the ability to drive additional sales through
cashless and mobile technologies.
"Throughout our sixty-year history, we’ve built a strong
reputation for providing outstanding customer service, and offering
the best value through continued hard work and attention to
detail,” said Donna Trego, Owner, Coastal Canteen. “As more
consumers used our machines with the expectation of making a
purchase using a credit card or their mobile phone, it was
imperative that we met their needs. USAT is the perfect partner as
the company is not only helping us upgrade the technology in our
current machines, but is also providing full support from purchase
to deployment as we move to 100 percent cashless. When our initial
investment shows 30 percent cashless usage, we know we’ve made the
right choice.”
In addition, Coastal Canteen has signed up for USAT's Premium
Support Service offerings, including its model marketing program,
which provide companies access to a bundle of best-in-class support
services including deployment planning, project management,
installation support, training, the marketing of cashless,
marketing support, mobile payment and loyalty programs and funding
support.
"We’re thrilled to add Coastal Canteen to our growing list of
retailers choosing to offer cashless payments options on 100
percent of machines,” said Jim Turner, Vice President of Deployment
Services, USA Technologies. “High cashless usage numbers on large
scale deployments like these perfectly showcase how unattended
retailers willing to embrace smart machine technology like ours can
quickly benefit. Implementing telemetry, cashless and NFC enabled
payments not only could lead to more purchases by consumers, but
improves business processes and increases efficiencies.”
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.
About USAT’s Premium Support Service:
USAT’s Premium Support Service bundles USAT’s best-in-class
services to ensure the most effective deployments of USAT’s
cashless technology through cohesive planning that maximizes
returns. Services include USAT’s Model Market program for planning,
project management, installation support, and marketing support;
integration of deployment planning, installation and performance
optimization; access to USAT’s flagship Knowledge Base data;
profitability calculation; and customized reporting in support of
deployment, inventory and DEX project management. USAT’s Premium
Support Service is available to customers that have made a
commitment to connect a significant portion of their locations to
USAT's service.
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.
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.
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. 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, 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; the ability of USAT to
operate without infringing or violating the intellectual property
rights of others; and whether the ePort Interactive platform will
encourage consumer loyalty and/or drive recurring or incremental
sales. 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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Media Contacts for USA Technologies:ANW NetworksEmily F.
Porro, +1 347-346-3663emily@anwnetworks.comorInvestor
Contact:Blueshirt GroupMichael Bishop, +1
415.217.4968mike@blueshirtgroup.com
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