New Agreement Includes Premium Support Services and Seamless
Integration with Gimme Platform
MALVERN, Pa.--(BUSINESS WIRE)--
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_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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171010005394/en/
USA Technologies, Inc.
Media:
ANW Networks
Melissa
Hourigan, +1 720-988-3856
melissa@anwnetworks.com
or
Investor
Relations:
Blueshirt Group
Monica Gould, +1 212-871-3927
monica@blueshirtgroup.com
Source: USA Technologies, Inc.
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