All Stop signs agreement with USAT for cashless payment and telemetry platforms
Jan 02, 2013 (Datamonitor via COMTEX) --
All Stop Vending, a vending food service company, has signed an exclusive agreement with USA Technologies, Inc., or USAT, a provider of wireless, cashless payment and M2M telemetry solutions, for cashless payment and telemetry hardware platforms.
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 holistic approach that considered our brand, competitive differentiation, improved pricing and inventory options," continued Helft.
"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.
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