|[December 13, 2013]
USA Technologies Announces Upgrades to Its Market Leading ePort Connect Service Platform
MALVERN, Pa. --(Business Wire)--
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 years ahead.
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 (News - Alert)
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
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 preferences.
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 rewards.
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 th
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
more self-serve retail applications have the opportunity to use ePort
For USAT's vending customers, USAT recently announced that customers
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 locations, including:
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 or customer.
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 remotely.
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
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
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 (News - Alert) 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 (News - Alert)-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
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-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 (News - Alert), Crane, AMI Entertainment and others. Visit the website
"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.
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