USA Technologies’ “UR Tech Insiders” Podcast Talks Latest Trends in Retail & Payments with Visa’s SVP of New & Emergi...
December 09 2020 - 11:15AM
Business Wire
USA Technologies, Inc. (NASDAQ: USAT) ("USAT"), a cashless
payments and software services company that provides end-to-end
technology solutions for the self-service retail market, today
announced the release of its latest episode of “UR Tech Insiders,”
featuring Bill Dobbins, Visa’s senior vice president of New and
Emerging Acceptance. In his role at Visa, Mr. Dobbins is
responsible for developing and executing strategies to generate new
payment card volume for Visa in underpenetrated industry segments
such as Bill Payment, Business to Business, Healthcare and Micro
Payment.
USAT’s “UR Tech Insiders” podcast features experts and industry
leaders from the unattended retail market, who discuss industry
trends as well as the challenges and look at possible answers and
available solutions in the market. In this latest episode, USAT’s
vice president of Marketing, Elyssa Steiner, talks with Mr. Dobbins
about new trends in retail and payments that have evolved out of
the Coronavirus pandemic, and what developments to expect in
2021.
“We are seeing a major shift in payments,” Mr. Dobbins
highlights. “In the current state of the world, consumers want a
frictionless shopping experience. Businesses that have the
capabilities for contactless, or ’tap to pay,’ are well positioned
to adapt to these types of new trends.”
Some key highlights:
- How businesses are investing in new payment technologies to
address COVID-19
- Adoption of cashless and contactless payments has accelerated
exponentially since March
- Greater spending with cards vs cash
- Small businesses seeing a 35% reduction in use of cash
- Ecommerce gaining momentum with all types of businesses, thanks
to ’buy online; pick up in store’ (BOPIS)
- Lines are blurring between traditional and unattended retail,
with lots of opportunities for unattended retail solution
providers
To learn more about current market trends and a peek at what
might be coming down the pipeline in 2021, please tune in to our
podcast, “Episode 06: The Shift to Digital Payments: A Surge in
Contactless Payment Adoption.”
Useful Links
USA Technologies: https://usatech.com/ UR Tech Insiders Podcast:
https://www.usatech.com/urtechinsiders/ Blog:
https://www.usatech.com/blog/ LinkedIn:
https://www.linkedin.com/company/usa_tech/ Twitter:
https://twitter.com/usa_tech YouTube:
https://www.youtube.com/user/USATechnologies Resource Center:
https://www.usatech.com/resources/
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software
services company that provides end-to-end technology solutions for
the self-service retail market. USAT is transforming the unattended
retail community by offering one integrated solution for payments
processing, logistics, and back-office management. The company’s
enterprise-wide platform is designed to increase consumer
engagement and sales revenue through digital payments, digital
advertising and customer loyalty programs, while providing
retailers with control and visibility over their operations and
inventory. As a result, customers ranging from vending machine
companies, to operators of micro-markets, gas and car charging
stations, laundromats, metered parking terminals, kiosks,
amusements and more, can run their businesses more proactively,
predictably, and competitively.
Forward-Looking Statements
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 within the meaning of
the Private Securities Litigation Reform Act of 1995. When used in
this release, words such as “may,” “could,” “expect,” “intend,”
“plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions, as they relate to USAT or its
management, may identify forward-looking statements. Such
forward-looking statements are based on the reasonable 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 incurrence by USAT of any unanticipated or unusual
non-operational expenses which would require us to divert our cash
resources from achieving our business plan; the uncertainties
associated with COVID-19, including its possible effects on USAT’s
operations and the demand for USAT’s products and services; the
ability of USAT to retain key customers from whom a significant
portion of its revenues is derived; the ability of USAT to compete
with its competitors to obtain market share; the ability of USAT to
make available and successfully upgrade current customers to new
standards and protocols; whether USAT's existing or anticipated
customers purchase, rent or utilize ePort or Seed devices or our
other products or services in the future at levels currently
anticipated by USAT; or other risks discussed in USAT’s filings
with the U.S. Securities and Exchange Commission. 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.
If USAT updates one or more forward-looking statements, no
inference should be drawn that USAT will make additional updates
with respect to those or other forward-looking statements.
-- G-USAT
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version on businesswire.com: https://www.businesswire.com/news/home/20201209005306/en/
Media and Investor Relations Contact: Alicia V.
Nieva-Woodgate USA Technologies +1 720.445.4220
anievawoodgate@usatech.com
Investor Relations: ICR, Inc. USATechIR@icrinc.com
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