MALVERN, Pa.--(BUSINESS WIRE)--
USA
Technologies, Inc. (NASDAQ: USAT) ("USAT"), a leader of wireless,
cashless payment and M2M telemetry solutions for small-ticket,
self-serve retailing industries, today announced a new agreement with Ice
House America™, a pioneer in automated
ice vending technology. The agreement covers the use of USAT's
ePort® and ePort Connect® cashless payment and telemetry services for
Ice House America's units located throughout the U.S. and establishes
USAT as a preferred partner.
The announcement follows on the heels of Ice House America's recently
created franchise program to further expand its existing network of over
2,400 independently owned locations, which collectively produce over 1
billion pounds of ice per year. Ice House America products offer a 24/7,
convenient free-standing retail ice destination offering a soft, chipped
and chewable ice, which is typically offered in 20 lbs. bulk ice (direct
to cooler) and 16 lb. bagged ice—always filtered, clean and made on
demand.
"Ice House America recognized the need for ensuring that our operators
are equipped with industry-leading cashless payment capabilities as more
consumers opt for the convenience of using their credit, debit and
prepaid cards to pay for purchases," said Pete Cotter, chief executive
officer of Ice House America. "Our goal is to offer USAT's service to
the entire Ice House America network to begin promoting adoption of
cashless payments."
USAT's ePort cashless payment system is supported by its comprehensive,
one-stop ePort
Connect service—a PCI-compliant, comprehensive suite of cashless
payment, telemetry and consumer engagement services specially tailored
to fit the needs of the self-service retailing industry, including
vending, kiosk and other M2M (Machine-to-Machine) applications. ePort
Connect enables self-service terminals to accept credit, debit,
contactless cards and other cashless forms of payment, handles all
elements of transaction processing, and allows customers to monitor and
manage their terminals online.
Michael Lawlor, USAT's senior vice president of sales and business
development, said, "This agreement with Ice House America is a great
example of how USAT is reaching beyond traditional vending to leverage
the breadth of our cashless payment & telemetry services. In addition,
we believe that Ice House America's growing footprint of locations is a
great match for USAT's scalable and turnkey service model. We look
forward to delivering maximum value to Ice House America as we proceed."
About Ice House America
Ice House America, headquartered in Jacksonville, FL and founded in
2003, already has more than 2,400 installed and independently owned ice
house locations in 27 states. In less than 10 years, Ice House America
has become one of the top free-standing ice vending brands in the
country. There are over 100 corporate-owned Ice House locations, as well
as an additional 227 franchised locations, with the balance
independently owned and operated. Recently, Ice House America was ranked
as "Top 10 New Franchises to Watch" by Entrepreneur Magazine. For more
information regarding Ice House America ownership opportunities, please
call 888-388-1590 or visit www.icehouseamerica.com.
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of the small ticket,
self-service retail industries. USA Technologies also provides a broad
line of cashless acceptance technologies including its NFC-ready ePort®
G8, ePort Mobile™ for customers on the go, and QuickConnect™, an API Web
service for developers. USA Technologies has been granted 84 patents;
and has agreements with Verizon, Visa, Elavon and major customers such
as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.
G-USAT
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130206006047/en/
USA Technologies
Veronica Rosa
VP Corp. Comm. & Investor
Relations
484-359-2138
vrosa@usatech.com
or
Ice
House America
Ellen Bookman
Public Relations
770-971-9675
(office)
ellenbookman@att.net
Source: USA Technologies, Inc. and Ice House America
News Provided by Acquire Media
