Combines USAT ePort Cashless Payments Platform with Seed Pro, Seed
Office and Seed Delivery Software
MALVERN, Pa--(BUSINESS WIRE)--Oct. 5, 2018--
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, today announced an expanded agreement with
AVM Services, a vending, office coffee and water service company based
in Audubon, PA. Through the agreement, AVM has upgraded 1,100 machines
with USAT’s state-of-the-art ePort Connect® cashless technology
platform, and equipped such machines with Seed Pro and Seed Office.
Additionally, the company is utilizing Seed Delivery at 2,000 office
coffee services delivery points.
AVM Services is a second generation family owned business serving
vending, office coffee and water to customers in the Pennsylvania, New
Jersey and Delaware region. Through the expanded partnership, AVM will
benefit from the reliability and security of USAT’s industry-leading
ePort cashless payment system on its customers’ machines, coupled with
the power of our patented, cloud-based vending intelligence solutions,
designed to enable the company to optimize its business and increase
revenues while minimizing operating costs.
“We have built our business for generations based on introducing new
products and services to our customers and are recognized for our
excellence in service and innovation,” said Larry McQuaid, VP of
Operations, AVM Services. “We are thrilled to expand our agreement with
USA Technologies. The combination of USAT’s best-in-class payment
technology and Seed software will enable us to continue to deliver
exceptional service to our customers while minimizing operational costs
through the most innovative solutions. We are well on our way to full
implementation and Terry Hovis and Greg Young from the USAT support team
have done a tremendous job in supporting us through this effort.”
“AVM’s expanded agreement is a testament to the strength of the combined
technologies of ePort Connect and the Seed Pro suite of solutions,” said
Maeve McKenna Duska, SVP Marketing and Strategic Development, USA
Technologies. “We are proud to help AVM continue the tradition of
innovation and service with one of the most powerful, holistic
enterprise platforms in the unattended retail market.”
AVM Services has also signed up for USAT's Premium
Support Service offerings, which gives the company access to USAT’s
bundle of best-in-class support services including deployment planning,
project management, installation support, training, tools specific to
the marketing of cashless programs, and marketing support/consultation,
mobile payment and loyalty programs and, in some cases, funding support.
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 recent 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.
USA Technologies: https://usatech.com/
Sales and Partnership Inquiries:
Please contact USA Technologies,
Inc. at +1 800.633.0340 or firstname.lastname@example.org.
“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
cashless payment services, including increases in revenue and reductions
in operating costs, 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: https://www.businesswire.com/news/home/20181005005113/en/
Source: USA Technologies, Inc.
For USA Technologies, Inc.:
Maeve McKenna Duska +1 800.633.0340
Monica Gould, +1 212-871-3927