USA
Technologies, Inc. (NASDAQ:USAT), a premier digital payment,
consumer engagement and logistics service provider for the self-service
retail market, today announced that its micro market optimization
solution, Seed
Markets, is now fully integrated with some of the industry’s large
micro market providers, including 365
Retail Markets, Avanti
Markets, Company
Kitchen, Three
Square Market and Yoke
Payments. Through the Seed Markets’ cloud-based and mobile solution,
micro market operators can benefit from the same service efficiency
tools already available for vending through Seed Pro™ and for
back-office management through Seed Office™.
The announcement reflects an expansion of USAT’s roster of Seed Markets
customers. In February of 2018, USAT
announced broad availability of Seed Markets and deployment with All
Star Services, One Source Office Refreshments, K&R Vending, Imperial
Companies, CL Vending, Southern Canteen, and Gulf Coast Canteen. Through
Seed Markets, owners and operators of micro market companies benefit
from one standard set of tools including simplified route management,
efficient warehouse pre-picking, a single reporting interface and cash
accountability.
“As the micro markets industry continues to grow, more and more
operators are looking to add this new channel to their portfolio,” said
Paul Stadler, VP Product Management, USA Technologies. “However,
operators wanting to add micro markets often struggle with separate,
disparate business platforms and separate inventory for vending, office
coffee services (“OCS”) and micro markets. Seed Markets enables
operators to simplify their operations by standardizing on a single set
of mobile and web-based tools for micro markets, vending, and OCS. This
enables them to better manage operational costs and increase
efficiencies.”
With the implementation of the new NAMA standard on VDI VMS/MMS
integration, USA Technologies now has the ability to accelerate the
integration of Seed Markets with micro markets on which the NAMA
standard has been implemented, as the standard eliminates delays
stemming from any unique development work that would otherwise be
required to integrate Seed Markets with micro markets that do not comply
with the standard. This standard is being used for additional Seed
Markets customer integrations, including Vendors
Exchange International, which is expected to be completed during Q2
of calendar year 2019.
Last year, USAT completed the acquisition of Cantaloupe Systems, which
includes its Seed Office and Seed Pro services, adding logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting management
to its existing portfolio of cashless payment, loyalty and consumer
engagement services. The combined portfolio is designed to provide an
enterprise system for self-service unattended retail businesses. The
expansion of Seed Markets further extends USAT’s enterprise offering for
self-service unattended retail businesses.
About USA Technologies
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.
Useful Links:
USA Technologies: https://usatech.com/
Twitter:
https://twitter.com/usa_tech
YouTube:
https://www.youtube.com/user/USATechnologies
Resource
Center: https://usatech.com/resource-center/the-benefits
Sales and Partnership Inquiries:
Please contact USA Technologies,
Inc. at +1 800.633.0340 or sales@usatech.com.
Forward-looking Statements:
“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
predict future market conditions and consumer behavior; the possibility
that integration of Seed Markets with micro markets may be delayed due
to reasons other than the lack of a uniform standard of integration; and
the possibility that all of the expected benefits from use of Seed
Markets, including increased efficiencies and better management of
operating costs, will not be realized by all micro markets operators and
on all micro markets or 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.
–G-USAT
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