USA Technologies Announces Upgrades to Its Market Leading ePort Connect
Upgrades Reflect Fifteen Plus Years of Customer-Driven Innovation and a
Long-Term Commitment to Value-Added Services for Self-Serve Retail Market
MALVERN, Pa. -- December 13, 2013
USA Technologies, Inc. (NASDAQ: USAT), (“USAT”) a provider of wireless,
cashless payment and M2M telemetry solutions for self-serve retail industries
such as vending, commercial laundry, amusement and kiosk today announced
broad-based enhancements to its “one-stop” service, ePort Connect®. The
enhancements further position USAT customers for the emerging trends in mobile
payment, consumer engagement programs such as loyalty and rewards and expanded
use of operational data as self-serve retail businesses continue to develop a
valued network of connected, cashless payment consumer touchpoints in the
Recent enhancements include:
*New features added to USAT’s recently launched prepaid and loyalty
*Added capability of the ePort Connect platform to accept mobile payment
with mobile-based rewards;
*Micro-market and other cashless payment applications that expand USAT’s
ePort Connect service to a broader audience;
*A host of new features to ePort Connect’s customer reporting portal,
*Release of ePort Mobile™ versions 2.0, for both IOS and Android
smartphones and tablets, for customers who have the need for mobile
“USAT has been providing cashless payment and telemetry solutions in
self-serve retail markets for more than a decade, so the capabilities and
scale we’ve created in this area now allow us to dedicate a great deal of our
development work to value-added services that expand opportunities for our
customers,” said Cary M. Sagady, USAT’s senior vice president of product
management and network services.
“This latest wave of enhancements reflects our view that a networked cashless
platform can provide immeasurable benefits to self-serve retail. Whether the
opportunity lies in mobile or card-based loyalty programs, greater flexibility
to connect to our service via QuickConnect™, or the operational and telemetry
data available to them through our service, our goal is to ensure that our
customers are poised to take advantage of those opportunities,” said Sagady.
MORE., USAT’s new loyalty and prepaid program launched in August, has been
improved for customer campaign management and now includes:
*Replenish bonus; and,
*Bonus cash rewards.
Through MORE., USAT customers have an opportunity to win and/or retain
existing accounts through differentiated programs that can build loyalty,
repeat business and a greater understanding of their consumers’ purchasing
Mobile payment: New technology created for USAT’s ePort® G-series of cashless
acceptance devices accommodates loyalty data in tandem with mobile payment,
such as the Isis SmartTap® technology for contactless payments, loyalty and
*Recent over-the-air updates delivered via the ePort Connect service allow
USAT customers to participate in what USAT believes to be the largest
mobile payment and loyalty promotion ever developed for the U.S. vending
industry, the "Fifth Purchase Free" promotion. USAT has already enabled
over 62,000 locations and is targeting at least 80,000.
Micro-market and other payment integration. Through USAT’s web service,
QuickConnect, more self-serve retail applications have the opportunity to use
*For USAT’s vending customers, USAT recently announced that customers of
Revive Self Checkout can now seamlessly integrate their micro-market
credit and debit card processing with their other cashless locations
supported by USAT.
USALive: Users of ePortConnect’s web-based reporting portal, USALive, are
benefiting from new features that give them more flexibility to optimize the
operational and telemetry data collected from their networked cashless
*The ability to create product specific column mapping, or planograms, on
their own. For example, customers can optimize MDB data to generate
reports down to the product level to optimize space to sales per machine
*New reporting features such as export format options, improved flexibility
for saving custom-designed reports, new validation functionality to ensure
reliable report delivery, as well as the ability to display column pricing
on reports provide enhanced customer control of operational data for use
in their business.
*Control over the timing of DEX file transfers, giving customers utilizing
vending management systems greater freedom to optimize time sensitive data
at the fulfillment level.
*The ability to control and edit device settings, enabling customers to
fine-tune machine characteristics to specific locations and client needs.
Examples include maximum amount per vend, single vend versus multi-vend
settings, the ability to enable or disable two-tier pricing and, for pulse
customers (such as amusement & arcade), the ability to set pricing
*New DEX exception reports help business owners better manage operational
issues by assessing DEX connectivity within the machine as well as
expanded machine error detection for issues such as coin or bill jams.
*Display of pending electronic fund transfers, for improved cash
*Faster report generation and broader device search capabilities.
Mobile acceptance: USAT’s ePort Mobile solution allows customers to accept
cashless payment via mobile devices.
*ePort Mobile versions 2.0 for IOS and Android smartphones and tablets were
recently released and are available for download on the iTunes app or
Google play store, respectively. Enhancements to ePort Mobile include an
entirely new, intuitive user interface, full transaction history, mapping
features and receipt customization options.
ePort Connect is a PCI-compliant, end to end suite of cashless payment and
telemetry services specially tailored to fit the needs of self-serve retail
industries. Services offered through ePort Connect include wireless and
merchant account setup, wireless, simplified processing rates, settlement and
reconciliation, 24 x 7 customer service and a host of value-added services.
For more information, contact USAT sales at 1-800-633-0340.
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 86
patents; and has agreements with Verizon, Visa, Elavon and customers such as
Compass, Crane, AMI Entertainment and others. Visit the website at
"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 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 utilize 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; the level of demand in the market
for USAT's QuickConnect service when integrated with other applications such
as the Revive Self Checkout; the ability of USAT to obtain widespread
commercial acceptance of its programs and services, including its loyalty and
prepaid programs; whether, and to what extent, prepaid and loyalty programs
will result in increased sales; and the possibility that all of the expected
benefits from adoption of cashless payment and prepaid and loyalty programs,
including any sales uplift, will not be realized by all customers, 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.
USA Technologies, Inc.
VP Corporate Communications & Investor Relations
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