Press release

USA Technologies, Inc. Appoints Three New Independent Directors

Sponsored by Businesswire

USA Technologies, Inc. (NASDAQ:USAT) (the “Company”), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, today announced that Donald W. Layden, Jr.,
Patricia A. Oelrich, and Ingrid S. Stafford have been appointed to the
Board of Directors (the “Board”), effective April 8, 2019. With the
addition of these three new independent directors, the Board will expand
from seven to ten directors.

Each new director brings significant expertise in areas relevant to USA
Technologies’ business and ongoing efforts to strengthen its risk, audit
and compliance functions. Don Layden is currently a Venture Partner at
Baird Venture Partners, where he focuses on investments in business
services, with emphasis on financial technology, business process
outsourcing and healthcare services. Patricia Oelrich has in the past
served as Vice President of Global IT Risk Management at GlaxoSmithKline
PLC and Vice President of Internal Audit at SmithKline Beecham, and was
a partner at Ernst & Young. Ingrid Stafford is currently a Senior
Advisor to the Senior Vice President for Business and Finance at
Northwestern University and brings current public board, audit, risk and
technology committee experience.

The Company previously announced that it had established a Compliance
Committee of the Board, and effective April 8, 2019, the Board appointed
Don Layden as Chair, and Ingrid Stafford and existing director, Joel
Brooks, as members of the Committee. In establishing this Committee, and
with the recent appointment of James Pollock as Chief Compliance
Officer, the Board is fulfilling one of the Audit Committee’s
recommendations made following the conclusion of its previously
announced internal investigation.

“We are excited to welcome directors of Don, Trish, and Ingrid’s caliber
to USA Technologies,” said Al Moschner, Chair of the USA Technologies
Board. “Collectively, Don, Trish, and Ingrid represent significant
experience in areas of strategic and operational importance to the
Company at this stage of its evolution, including enterprise risk
management, financial audit, and digital and technological strategy. The
Board and I believe that the addition of these three independent
directors will enhance our ongoing efforts to improve controls and
coordination within USA Technologies, and enhance the Company’s

About Donald W. Layden, Jr.

Layden has served as a Venture Partner of Baird Capital Partners since
2011, where he focuses on investments in business services with an
emphasis on financial technology and business process outsourcing. He is
also an of counsel partner of Quarles & Brady LLP, where he practices
corporate law. He previously held various positions at Metavante
Technologies, Inc. (NYSE:MV), including as Senior Executive Vice
President of Corporate Development and Strategy, Corporate Secretary and
General Counsel. He assisted with the successful merger of Metavante
Technologies, Inc. into Fidelity National Information Services, Inc.
(NYSE: FIS). Layden has been a director on the boards of private
companies including Catalyze, Inc., Saftpay, Inc. Datica Health, Inc.,
Zipmark Inc., and SafetyPay Inc. Layden holds a JD with honors and a BA
in Economics and Political Science from Marquette University.

About Patricia A. Oelrich, PhD, CPA, CISA

Oelrich previously served as Vice President of Global IT Risk Management
at GlaxoSmithKline PLC and prior to that was Vice President of Internal
Audit at SmithKline Beecham prior to its merger with GlaxoWellcome. She
was a partner and practice leader at Ernst & Young where she was
employed from 1975 through 1994. Oelrich is an experienced corporate
board member, having served as Audit Committee chair and a member of the
Nominating and Corporate Governance Committee for Pepco Holdings (NYSE:
POM) before its sale to Exelon Corporation. Since December 2014, she has
been serving on the Board of the Office of Finance of the Federal Home
Loan Banks, where she is the Chair of the Audit Committee and a member
of the Risk Committee. She is an advisory board member for Raj and
Kamala Gupta Governance Institute at Drexel University and a member of
the Board of Directors for the Association of Audit Committee Members,
Inc. Oelrich, a CPA, holds a bachelor‘s degree in Business Accounting
and Information Systems from Western Illinois University, and an MA and
PhD in Human and Organizational Systems from Fielding Graduate

About Ingrid S. Stafford

Stafford will retire in August 2019 from Northwestern University, where
she is a Senior Advisor to the Senior Vice President for Business and
Finance and was the Vice President for Financial Operations and
Treasurer, and held other progressively responsible financial leadership
positions since 1977. She has had extensive experience with innovation
and research programs from a governance perspective. Stafford has been a
director of Wintrust Financial Corporation (NASDAQ: WTFC) since May
1998, where she has served as Chair of the Audit Committee since 2008,
and is also a member of the Risk Management Committee, the Executive
Committee, and the Information Technology/Information Security
Committee. Stafford is a trustee of the Evanston Alternative
Opportunities Fund, an SEC registered fund advised by Evanston Capital
Management since February 2014, where she is chair of the Audit
Committee and a member of the Fund Valuation Committee. Stafford holds a
BA in Economics and Political Science from Wittenberg University, an MA
in Applied Economics from the University of Michigan, and a Master of
Management in Finance, Accounting and Education Management from the J.L.
Kellogg Graduate School of Management, Northwestern University.

About USA Technologies, Inc.

USA Technologies, Inc. is a premier payment technology service provider
of integrated cashless and mobile transactions in the self-service
retail market. The company also provides a broad line of cashless
acceptance technologies including its NFC-ready ePort® G-series, ePort
Mobile® for customers on the go, ePort® Interactive, and QuickConnect,
an API Web service for developers. Through its acquisition of Cantaloupe
Systems, Inc. (“Cantaloupe”), the company also offers logistics, dynamic
route scheduling, automated pre-kitting, responsive merchandising,
inventory management, warehouse and accounting management solutions.
Cantaloupe is a premier provider of cloud and mobile solutions for
vending, micro markets, and office coffee services.