Commits 100% Connected Machines Featuring
Credit/Debit and Mobile Wallet Payments through ePort Connect®;
Connects 3,400 Kiosks to USAT’s Secure API in Under Three
Months
Money20/20 – 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 MinuteKey Inc. (“minuteKEY”), which is
believed to be the world’s first self-service, key duplication
kiosks, to its growing list of ePort Connect® customers committing
to a fully connected operation. Through the three-month deployment,
USAT has migrated 3,400 of minuteKEY’s kiosks to USAT’s Quick
Connect: a secure API that enables the company to quickly and
securely process cashless transactions, track the acceptance of
cash, credit/debit cards, and mobile wallet payments such as Apple
Pay and Android Pay, and meets the payment needs of their
customers, while benefitting from USAT’s Premium Support Service
and gaining access to USAT’s extensive suite of services ranging
from cashless to loyalty programs.
USAT believes that minuteKEY represents the next generation of
smart machine technology in unattended retail. Launched in 2008,
minuteKEY kiosks utilize robotics and an intuitive user interface,
small footprint, and remote diagnostic and troubleshooting
capabilities. The minuteKEY kiosks can be found in locations such
as Lowe’s Home Improvement centers and Wal-Mart stores nationwide,
and the company has stated that it has plans to expand to other
high traffic locations like grocery stores and convenience stores
in the coming months. The company has been named to the Inc. 5000
for three years running.
“As retailers are looking to get the most value from employee
spend, processes like key cutting that once took time and attention
away from high value items are increasingly being automated,” said
Scott K. Moore, senior vice president of IT, minuteKEY. “By
partnering with USA Technologies, we are making sure everyone that
makes a key at one of our kiosks is able to pay with their
preferred payment method, whether it be cash, card or mobile phone,
while we benefit from USAT’s high level of security, expertise in
the unattended market, and customized programs, automating and
simplifying the payment processing on our back end. The transition
to ePort Connect using the Quick Connect API has been seamless, and
we believe we’ve chosen the best payment solutions partner on the
market today for our innovative kiosks.”
USAT’s Quick Connect enables manufacturers and resellers of
kiosks to quickly connect their machines to the ePort Connect
service for processing, reporting, loyalty and more. And as a USAT
Premium Support Service customer, minuteKEY gained access to a full
range of services that include project management and the marketing
of cashless capabilities, mobile payment and loyalty programs, as
well as funding support to ensure a smart, streamlined rollout and
fast returns on the investment.
“As we continue to penetrate additional verticals outside
vending, minuteKEY is an exciting addition to our growing roster of
companies offering ePort Connect’s cashless payment systems –
whether it be a retrofit, or a software update using our Quick
Connect API - on 100 percent of machines,” said Maeve McKenna
Duska, senior vice president of marketing and sales, USA
Technologies. “As more in-store processes become automated, we
believe this partnership represents the benefits USAT brings to
smart machine technology like minuteKEY’s, particularly in an IoT
enabled world where telemetry, cashless and NFC acceptance are the
rule rather than the exception.”
According to a Transparency Market Research report, the global
kiosks market holds an opportunity of US$12.2 billion in 2015. In
addition, this report, titled “Kiosk Market - North America
Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 –
2024,” published on September 20, 2016, states the kiosk market in
North America is expected to expand at a CAGR of 6.2 percent
between 2016 and 2024. The report also maintains that in 2015 the
North American kiosk market was valued at US $2.5 billion and is
projected to rise to a valuation of US $4.4 billion by the end of
2024.
Useful Links:
USA Technologies: https://usatech.com/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
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.
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.
About MinuteKey Inc.:
minuteKEY makes self-service, key duplication kiosks. As
innovators in an age-old industry, minuteKEY founders invested
several years developing the technology to create a highly
accurate, secure and easy-to-use key-cutting device. Today’s kiosk,
found in thousands of high-traffic retail locations in the United
States and Canada including Walmart, Lowe’s and Menards, combines
innovations in robotics, electronics and software engineering.
Founded in 2008 and based in Boulder, Colo., minuteKEY was ranked
11th on Inc. magazine’s list of the 5,000 fastest-growing private
companies in the U.S. for 2014.
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 or third parties,
whose research reports USAT relies on, to predict future market
conditions, in the kiosk and other markets, and consumer behavior.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161024005343/en/
USA Technologies, Inc.Media Contact:Alicia V.
Nieva-Woodgate, +1 415-515-0866alicia@anwnetworks.comorEmily F.
Porro, +1 347-346-3663emily@anwnetworks.comorInvestor
Contacts:Blueshirt GroupMichael Bishop, +1
415-217-4968mike@blueshirtgroup.com
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