ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 16, 2018--
IAAPA ATTRACTIONS EXPO -- Today, USA
Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, announced it is demonstrating USAT's
state-of-the-art cashless payment platform ePort Connect during IAAPA
Attractions Expo in Orlando, Florida, November 12-16, 2018. IAAPA
Attractions Expo 2018 is the leading global conference and trade show
for the amusement and attractions industry. The USA Technologies booth
is #4382.
USA Technologies’ cashless solution enables acceptance of credit and
debit cards, as well as mobile wallets such as Apple Pay, Google Pay and
Samsung Pay, while giving operators remote access to sales and machine
data. As a leader in cashless and mobile payments with nearly a million
connections to its ePort Connect platform, USAT’s cashless acceptance
devices have coin pulse capabilities to enable retrofitting older
amusement machines that were designed to accept cash only. Customers
with wireless capability can also take advantage of QuickConnect, the
company’s web service. The ePort Connect service can support an
operator’s end-to-end cashless payment needs—from setup to daily ongoing
management of their account, including any customer-related service
inquiries.
“We believe enabling operators to easily accept cashless payments for
their amusement machines can make a difference to their business model,”
said Maeve McKenna Duska, SVP Marketing and Strategic Development, USA
Technologies. “As fewer people carry cash, empowering consumers to pay
with cashless methods could potentially increase not only usage, but
also efficiency because operators deal with less coin drop issues or
bill jams. As the industry continues to grow, ePort Connect devices help
to quickly and easily modernize amusement machines with an end-to-end
payment platform. We’re thrilled by the number of operators visiting our
booth this week to test our cashless payment devices as they consider
the potential benefits of bringing cashless to their machines.”
Several channel partners, including Unique
Souvenirs, Inc., Haystack
Dryers and Betson
Enterprises are featuring USA Technologies’ cashless payment
solution in their booth during the show. Unique Souvenirs is a
family-owned business known for vintage injection molding souvenir
machines operating in dozens of locations including zoos, theme parks,
and family attractions throughout Florida, Tennessee and Ohio. Haystack
Dryers was founded in 2000 and has grown to become one of the world's
leading manufacturers of body dryers. The company has established itself
as a major industry player, necessitating an advanced manufacturing
plant and offices on both sides of the Atlantic. Since 1934, Betson
Enterprises has provided solutions to the location-based entertainment
industry through its family-owned business, and, according to its
website, has grown to be the largest full-line distributor of amusement
and vending equipment in North America.
According to Statista,
by 2020, revenues of amusement and theme parks in the United States are
projected to reach approximately 22.87 billion U.S. dollars.
Last year, USAT completed the acquisition of Cantaloupe Systems, which
includes its Seed Office and Seed Pro services, adding logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting management
to its existing portfolio of cashless payment, loyalty and consumer
engagement services. The combined portfolio is designed to provide an
enterprise system for self-service unattended retail businesses,
including amusement machines.
About IAAPA
Celebrating its 100th anniversary in 2018, the International
Association of Amusement Parks and Attractions (IAAPA) began as an
advocacy office in 1918. Since that time, IAAPA has become the largest
international trade association for permanently situated amusement
facilities worldwide. As a non-profit organization, IAAPA represents
more than 5,300 facility, supplier, and individual members from more
than 100 countries. Members include professionals from amusement parks,
theme parks, attractions; water parks, resorts; family entertainment
centers; zoos, aquariums; science centers, museums; and industry
manufacturers and suppliers. IAAPA helps members improve their
efficiency, marketing, safety, and profitability while maintaining the
highest possible professional standards in the industry.
The association's global headquarters is in Orlando, Florida, US. The
non-profit organization maintains offices in Brussels, Belgium; Hong
Kong, China; Shanghai, China; and Mexico City, Mexico. To learn more,
visit www.IAAPA.org
or connect through social media channels: @IAAPAHQ #IAAPA100
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. Through its acquisition of Cantaloupe
Systems, Inc. ("Cantaloupe"), the company also offers logistics, dynamic
route scheduling, automated pre-kitting, responsive merchandising,
inventory management, warehouse and accounting management solutions.
Cantaloupe is a premier provider of cloud and mobile solutions for
vending, micro markets, and office coffee services.
Useful Links:
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.
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 third-parties to predict future market
conditions, consumer behavior and average cashless sales across
amusement and theme parks in the United States; and the possibility that
all of the expected benefits and efficiencies from cashless payment
services, including increases in consumer usage and efficiency, 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.
--G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20181116005252/en/
Source: USA Technologies, Inc.
For USA Technologies, Inc.:
Maeve McKenna Duska +1 800.633.0340
mduska@usatech.com
Emily Porro
Savarese Communications
347-346-3663