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 holistic 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.”