USA Technologies Celebrates 5,000th Customer for Industry Leading, “One-Stop” Cashless Payment and Telemetry Program, ePort

  USA Technologies Celebrates 5,000th Customer for Industry Leading,
  “One-Stop” Cashless Payment and Telemetry Program, ePort Connect

Business Wire

MALVERN, Pa. -- July 29, 2013

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 that it recently celebrated its 5,000th
customer milestone with New York vending operator and Pepsi bottler,
Fitzgerald Brothers Beverages, Inc. (“Fitzgerald Brothers”). Crossing the
5,000 customer mark translates to a compound annual growth rate of 69 percent
for USAT, from approximately 1,000 customers three years ago.

Fitzgerald Brothers recently became a USAT customer in response to increasing
demand for debit/credit card acceptance by its consumers and encouraging data
regarding the sales uplift a cashless payment platform can deliver to
traditionally cash-only businesses. As USAT’s 5000^th customer, Fitzgerald
Brothers will receive a free personalized loyalty and prepaid program, a new
addition to USAT’s ePort Connect® solutions suite that enables customers to
build on their cashless payment platforms to differentiate and expand their
brand.

“Fitzgerald Brothers is delighted to be part of USAT’s growth history as their
5,000^th customer,” said Fitzgerald Brothers’ vending sales manager, Curt
Kingsley. “Until recently, we had remained on the sidelines regarding cashless
adoption. We now view cashless as a competitive tool and open-ended
opportunity to drive future growth. The data regarding potential sales uplift
is compelling and more importantly, our customers are asking for it.

“In selecting a cashless partner, we have always recognized USAT’s leadership
role and vision for this industry,” continued Kingsley. “And with our busy
schedules, we appreciate USAT’s one-stop shop—from hardware to gateway to
website to support. Our USAT sales rep also helped us understand the potential
benefits of a cashless payment platform, down to the multiple channels that we
serve.

“The ability to fast-track to a personalized loyalty and prepaid program as a
result of this award is an added boost. The more we can raise consumer
awareness and excitement for cashless, the greater the upside, in our view. We
are truly appreciative of this customer recognition award and extend our
heartiest congratulations to USAT,” said Kingsley.

USAT’s chairman and chief executive officer, Stephen P. Herbert, commented,
“We are especially proud of this 5000^th customer milestone since we believe
it reflects the confidence customers continue to place in USAT’s comprehensive
cashless payment offerings and the technologies and business processes we have
refined to make the transition to cashless easy, reliable and scalable for the
unattended, small ticket market. We are very grateful to all of USAT’s
customers and business partners that have contributed to our leadership role
and look forward to their continued contributions in our innovation process.”

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
small ticket, self-service retailing 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 85
patents; and has agreements with Verizon, Visa, Elavon and customers such as
Compass, Crane, AMI Entertainment and others. Visit the website at
www.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 USAT to retain key customers from whom a
significant portion of its revenues is derived; whether USAT's customers would
continue to add additional connections to our network in the future at levels
currently anticipated by USAT; the ability of USAT to compete with its
competitors to obtain market share; whether USAT's customers continue to
utilize USAT's transaction processing and related services, as our customer
agreements are generally cancelable by the customer on thirty to sixty days'
notice; whether USAT's existing or anticipated customers purchase, rent or
utilize ePort devices or our cashless payment services in the future at levels
currently anticipated by USAT; the ability of USAT to use available data to
accurately predict future market conditions, consumer behavior and any level
of cashless usage for any particular channel or customer; the accuracy of
USAT’s predictions regarding the extent to which future growth of vending
transactions will rely on credit/debit/prepaid transactions in comparison to
cash transactions; and the possibility that all of the expected benefits from
adoption of cashless payment and wireless telemetry, including any sales
uplift, will not be realized by all operators, or will not be realized 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

Contact:

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