USA Technologies and The Pepi Companies Celebrate 100% Cashless Achievement

  USA Technologies and The Pepi Companies Celebrate 100% Cashless Achievement

   Pepi Paves the Way for Added Customer Value and Emerging Payment Trends

Business Wire

MALVERN, Pa. & DOTHAN Ala. -- December 05, 2012

USA Technologies, Inc. (NASDAQ: USAT) (“USAT”) and The Pepi Companies (“Pepi”)
are pleased to announce the successful completion of Pepi’s transition to 100
percent cashless. Pepi, a food, vending and coffee solutions business serving
the states of Alabama, Georgia and Florida, is believed to be the first
full-service food and beverage vending company that offers cashless on all its
vending equipment. Pepi utilizes USAT’s market- leading ePort® cashless
payment technology and comprehensive ePort Connect® service for its vending
machine base.

Two years ago, Vic Pemberton, President and founder of The Pepi Companies, and
USAT began working on a plan to roll out a cashless solution to Pepi’s vending
machine base over the course of a five-year period. According to Pemberton, in
light of outstanding customer response to the machines already offering
cashless, and Pemberton’s observations that his customers rarely carried cash,
he made the decision in early 2012 to accelerate that timetable, with a goal
of reaching 100 percent cashless for the remainder of his machine base by the
end of 2012.

“At Pepi, we don’t believe cashless is an option in our business any
longer—it’s a necessity,” said Pemberton. “From a consumer perspective, the
younger generation just doesn’t carry cash anymore and we need to overcome
that. The idea of any potential customer walking by our machines and not being
able to buy something is just bad business.

“In addition, technology’s impact on our industry is moving at a fast pace,”
added Pemberton. “Cashless can help offset volume declines associated with
price increases, customers can multi-vend and USAT’s Two-Tier Pricing Program
provides additional flexibility from a cost perspective. And, as I look toward
the future, there have never been so many opportunities brewing to strengthen
customer relationships and create new revenue sources. Moving to 100 percent
cashless adoption was just our first step.

“Our customers are increasingly asking for mobile payment capabilities,
prepaid, couponing and loyalty rewards programs,” continued Pemberton. “We
believe that USAT, as our service partner, is best positioned to offer all
these through its ePort Connect service in a turnkey, easy-to-implement and
scalable way. We believe 100 percent cashless gives us the necessary
infrastructure to capture the incremental upside now, while we pave the way
for new opportunities in the future,” concluded Pemberton.

Stephen P. Herbert, Chairman and CEO of USA Technologies, said, “We are very
proud to work with The Pepi Companies on this important milestone in the food
and beverage vending industry. We believe that their innovation and leadership
is enabling Pepi to harness the benefits of connected machines, including
cashless payments and telemetry data, across their entire business, setting an
example for the many traditionally cash-based businesses looking to
reinvigorate their business models for today’s consumers. We look forward to
working with Pepi on many of the expanded services USAT has underway.”

For more information about USAT’s cashless and M2M telemetry services, contact
USAT sales at 1-800-633-0340.

About The Pepi Companies:

The Pepi Companies, headquartered in Dothan, Alabama, with branches in
Bainbridge, Georgia, and Tallahassee, Florida, has been a leader in vending
and food services for nearly 27 years, and coffee and water services for over
20 and 13 years, respectively. The company is a local Canteen franchise
employing 100 loyal and dedicated professionals who deliver break room
solutions, dining centers and catering and coffee and water services to over
1,000 clients. To learn more, please visit www.pepifoods.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.

                                    USAT-G

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Contact:

USA Technologies
Veronica Rosa
VP Corp. Comm. & Investor Relations
484-359-2138
vrosa@usatech.com
 
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