Chase Commerce Solutions and USA Technologies Form Strategic Relationship
Businesses in the Self-Serve Retailing Industry Can Obtain Expanded
Services and Enhanced Security, Reliability and
Key Points:
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Relationship continues to broaden
USA Technologies' reach for products and services domestically as well as outside the U.S. - Increases scale, adds security, and provides one-stop, end-to-end processing for customers
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USA Technologies provides Chase access to new customer base via the unattended self-service retail market space - Broadens mobile payments footprint and allows for service enhancements for all customers via better data and market offerings
"There is an evolution happening in the way that both consumers and
merchants handle money and it begins with mobile and cashless payment
technology," stated
With payment options such as credit card, debit card and mobile payment options available to consumers, USAT's portfolio of cashless payment, telemetry and consumer engagement services help self-serve retail businesses' transition to cashless acceptance easy and frictionless.
The companies believe that this strategic relationship brings greater
opportunities for USAT to scale more rapidly, and to expand its product
lines into new domestic and global verticals and markets, while
providing Chase Commerce Solutions inroads into the self-service retail
markets. USAT estimates the market size at more than
"We continue to enable commerce through a simple, secure payment
experience for consumers and for our business clients," said
About
About Chase Commerce Solutions:
Chase Commerce Solutions is the global payment processing, merchant
acquiring and offers business of
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, 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, business, financial, market and economic conditions; the ability of USAT to predict future or any market conditions and consumer behavior; the extent to which the Chase contract would help USAT to increase scale and broaden its mobile payments footprint; and the possibility that all of the expected benefits from better data and market offerings will not be realized by all of our customers, or will not be realized to the extent predicted and/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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Source: Chase Commerce Solutions
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