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| [December 20, 2012] |
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All Stop Vending Selects USA Technologies as Exclusive Partner for Cashless Payment and Telemetry Services
MALVERN, Pa. --(Business Wire)--
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 All
Stop Vending ("All Stop"), a vending food service company based in
southeastern Florida, has signed an exclusive agreement with USAT that
also indicates All Stop's intent to go 100 percent cashless.
All Stop provides vending and coffee services in the tri-county areas of
Miami-Dade, Palm Beach and Broward Counties, Florida. Under the terms of
the three-year exclusive agreement, All Stop will utilize USAT's ePort®
technology for cashless payment and telemetry hardware platforms as well
as USAT's ePort Connect® service, a one-stop, comprehensive suite of
services.
Michael Helft, owner and operator of All Stop, commented, "We started
our cashless transition using USAT with just a small number of machines
because we wanted to learn more. Once it became clear to us that
consumers were becoming increasingly familiar with cashless, we decided
to run-not walk. In fact, we would like All Stop to be at 100 percent
cashless by 2014.
"In reaching this decision, rather than take a piecemeal approach to our
plans for cashless, we took a holstic approach that considered our
brand, competitive differentiation, improved pricing and inventory
options," continued Helft. Technology in this market is expanding far
beyond the traditional 'box'-it's about the economics and spending
behaviors of our consumers-and those trends continue to support greater
use of credit/debit and mobile-based payment in the years ahead.
"We chose USAT as our partner in this important journey for a host of
reasons, including their invaluable support services educating us on
cashless payments, the reliability of their service and the way they
have made it easy for operators like me to implement cashless and
telemetry," added Helft. "These differentiators and their solid footing
in the cashless payments market made USAT the perfect choice as a
long-term partner."
Michael Lawlor, USAT's senior vice president of sales and business
development, commented, "We congratulate Mike Helft and All Stop on this
important strategic step. They concur with our view that cashless
payment can drive incremental top-line revenues and operational
efficiencies through our wireless telemetry, with both having a positive
impact on their bottom-line. As a forward-thinking business operator,
Mike Helft understands adoption of cashless payments is imminent in the
vending industry and the strategic benefits of having a 'first to
market' cashless advantage for his business in south Florida. We look
forward to working with All Stop to make this cashless transition a huge
success," concluded Lawlor.
About All Stop Vending
All Stop Vending is a vending food service company serving the
tri-county areas of Miami-Dade, Palm Beach and Broward Counties,
Florida. Headquartered in Hallandale, Florida, All Stop Vending
specializes in vending machine supplies, vending services, soda vending
services, fresh food vending, snack vending, coffee service, ice cream
service, soda service, variety vending machines, snack services, and ice
cream vending. For more information, visit www.allstopvending.com.
About USA Technologies (News - Alert):
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 (News - Alert)-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 (News - Alert), Visa, Elavon and major customers such
as Compass, Crane, AMI Entertainment and others. Visit the website at www.usatech.com.
G-USAT

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