New Agreement Includes Premium Support Services
and Seamless Integration with Gimme Platform
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment
technology provider of cashless and mobile transactions in
self-serve retail, today announced a new contract with Berkshire
Food, Inc., a Canteen franchise, that provides refreshment through
vending, coffee, micro-markets, direct store delivery, contract
feeding, mobile catering and/or food services. This new agreement
represents an increasing demand for USA Technologies’
state-of-the-art ePort Connect® cashless payment platform as the
solution of choice for providing cashless payments and premier
support services.
“With the ubiquity of the mobile phone, more and more consumers,
particularly millennials, want the ease of making purchases with a
tap, click or swipe,” said Mike Cicarelli, co-owner, Berkshire
Food, Inc. “USA Technologies enables us to better serve our
customers by becoming 100 percent cashless and mobile-payment
enabled. We now are able to cull much more data, giving us
invaluable insight into a customer’s wants and needs, while
simultaneously enabling us to streamline our daily operation.”
A Connecticut-based Canteen franchise, Berkshire Food is
widening its footprint with a combination of new ePort® Interactive
and ePort® G10-S units, adding 1,000 new devices to the existing
approximately 1,500 it already has in the field. As a USAT Model
Market, the company will also have access to the Premier Support
Services program offerings, which provides access to a bundle of
best-in-class support services including deployment planning,
project management, installation support, training, tools specific
to the marketing of cashless programs, live marketing
support/consultation, mobile payment and, down the line, USAT’s
MORE.TM Loyalty Program. Berkshire Food is also leveraging wireless
DEX and inventory management with the integration of Gimme
Vending’s technology, for better sales, inventory and service
data.
“In today’s market, giving consumers a choice to pay with cash
or credit, as well as the ability to use a mobile wallet, is a
must,” said Michael K. Lawlor, chief services officer, USA
Technologies. “Our Premier Support Services not only improve
deployment so customers can enjoy the benefits quicker, but,
together with the loyalty programs, also empower our customers with
marketing know-how and resources for additional engagement
opportunities. By providing our customers with what we believe to
be best-in-class technology, we give them the right tools to meet
this growing expectation, while improving the odds of increasing
revenue and participation.”
Useful Links:
Berkshire Food, Inc.: http://www.bfoods.com/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.
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, ePort®
Interactive, and QuickConnect, an API Web service for developers.
USA Technologies has 73 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; and the possibility that all of the expected
benefits and efficiencies from the Premium Support Services,
including increases in revenue, will not be realized by all vending
operators and on all vending machines or within the expected time
period. 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/20171010005394/en/
USA Technologies, Inc.Media:ANW NetworksMelissa
Hourigan, +1 720-988-3856melissa@anwnetworks.comorInvestor
Relations:Blueshirt GroupMonica Gould, +1
212-871-3927monica@blueshirtgroup.com
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