USA Technologies and Setomatic Systems See Strong Growth in Cashless Payments for Self-Serve Laundry Locations
Setomatics SpyderWash Devices With Mobile Wallet Acceptance Now Searchable Online; Company Launches New SpyderWash App Showing Washer/Dryer Availability, Transaction History and Loyalty Card Balances
Company To Demonstrate Technology at Clean Show, Booth #1977
The self service laundry industry is estimated by the
"We recognized early on that cashless, then subsequently contactless,
payments would become mainstream as consumers gained a level of comfort
opting to pay using their mobile phones or even a smartwatch, so we
started developing our systems to accommodate back when the World Wide
Web was just starting to get traction - and that is how we came up with
SpyderWash," said
Acknowledged by
Continuing the tradition of innovation, the company now makes it possible for consumers to manage their loyalty card balance, view transaction history, and check on which SpyderWash washers and dryers are available in their local laundry, via the newly launched SpyderWash App for both iOS and Android devices. In addition, customers who are iPhone users can now search for the nearest laundromats accepting Apple Pay via Apple Maps.
"Many new laundry facilities are utilizing "smart card" technology which
requires the customers to put money on a card that they then swipe when
they use a machine, but Setomatic Systems has bucked the trend by
embracing a consumer first strategy that is reflected in what we believe
to be the most advanced payment technology on the market," said
Attendees of the Clean Show are invited to visit booth #1977 to learn more about cashless payment technologies for laundry operators, and get a demo of the new Apple and Android Apps for SpyderWash.
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About Setomatic Systems/SpyderWash:
Setomatic Systems is a
privately owned and operated developer and manufacturer of both open and
closed loop card payment systems, drop coin meters and electronic timers
for the commercial laundry industry with manufacturing and engineering
facilities in
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
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; the ability of USAT to rely on third party sources regarding
increases in the size of the self-service laundry industry; the
possibility that all of the expected benefits and efficiencies from the
combined solution offered by USAT and Setomatic Systems will not be
realized by all laundry operators and on all laundry machines or within
the expected time period; whether, and the extent to which, USAT's
cashless services would increase sales for its customers; and the
reliability and accuracy of the apps launched by Setomatic Systems.
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.
1 2016-2017 State of the Self-Service Laundry Industry (Part
1), American Coin-Op,
--G-USAT
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