Commits to Connecting 100% of Machines to ePort
Connect® Platform Through Premium Support Service; Reports Early
Increases in Cashless Sales on New and Legacy Installations
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 FreshBrew Group, a national specialty coffee
roaster provider, supplying coffee to airlines, hotels and
convenient stores, and also one of the largest privately owned
vending services providers in the Houston metropolitan area, to its
growing roster of ePort Connect® customers committing to fully
connecting every machine to USAT’s cashless payments platform. As a
result, USAT is working with the FreshBrew team to integrate over
3,000 ePorts in unattended machines across the business, as well as
upgrading older equipment in an effort to make 100 percent of
FreshBrew’s machines cashless and mobile-payment enabled. FreshBrew
was able to commit to a rapid, large-scale deployment by signing up
for USAT's Premium Support Service offerings to manage, assist,
analyze and support installation and marketing efforts.
With a strong track record in innovation and early technology
adoption, we believe that FreshBrew identified early on that
offering cashless and mobile payment options could positively
impact business through increased cashless sales. However, the
company was unsure about how to deploy the technology across their
entire fleet of over 3,000 single-serve coffee and vending machines
quickly and efficiently. Through USAT’s Premium Support Service,
the company now has access to USAT’s 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 to ensure a
smart, streamlined rollout and fast returns on the investment.
"It’s our view that mobile phones will eventually replace
wallets, and we have to be ready with cashless solutions that align
with the modern-day payment expectations of consumers,” said Steven
Weyel, chief operating officer, FreshBrew Group. “It can be
daunting for smaller operations to make the switch to cashless
because, although it makes good business sense, time and labor
associated with the rollout can make it seem like a hefty
investment. Working with USA Technologies, the transition has been
seamless and includes the support we need to get up and running. So
far, we are happy to report that, with 76 percent of our machines
connected to USAT’s ePort Connect platform, average cashless usage
is already at 31 percent, and we anticipate revenue increases of
15-20 percent. We’re hoping that the success we’ve had will entice
other smaller operators like us to take the step towards 100
percent cashless.”
With a history in coffee sales dating back to the early 1900s,
the FreshBrew Group was officially established in 1995 as the first
office coffee services supplier in the greater Houston metropolitan
area to offer single brew coffee machines to clients. Later, at the
request of a large coffee services client, the company added the
Vending Division. As the business grew through acquisitions, it
soon became one of the region’s most technologically advanced
full-service vending companies. FreshBrew Vending has now grown to
be one of the largest, privately owned vending services providers
in the region. Today, the FreshBrew Group is comprised of a
specialty small-batch roasting and gourmet quality coffee company
and a first class, technology-driven vending services company.
"FreshBrew Group has a legacy of innovation. The decision to
enable every one of its machines with cashless technology is a true
testament to the industry’s growing evolution to cashless, and the
benefits that forward-thinking companies like FreshBrew can enjoy
by modernizing their operations,” said Michael K. Lawlor, Chief
Services Officer, USA Technologies. “Customers who use credit
cards, debit cards and mobile wallets like Apple Pay and Android
Pay spend more at their machines because they are not limited by
the cash in their pockets. Connected machines also create greater
business efficiencies and open lines of communication with
consumers in ways that will increase sales. Going cashless just
makes business sense for an operation of any size, and more and
more companies like FreshBrew are getting on board.”
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 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 Premium Support Services:
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; 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.
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 and the extent to which cashless and
mobile payment options positively impact business through increased
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160915006586/en/
Media:ANW Networks for USA TechnologiesEmily
Porro, +1 347-346-3663emily@anwnetworks.comorInvestor
Relations:Blueshirt GroupMichael Bishop, +1
415-217-4968mike@blueshirtgroup.com
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