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 a new agreement with Ice House America™, a pioneer in automated ice vending technology. The agreement covers the use of USAT’s ePort® and ePort Connect® cashless payment and telemetry services for Ice House America’s units located throughout the U.S. and establishes USAT as a preferred partner.
The announcement follows on the heels of Ice House America’s recently created franchise program to further expand its existing network of over 2,400 independently owned locations, which collectively produce over 1 billion pounds of ice per year. Ice House America products offer a 24/7, convenient free-standing retail ice destination offering a soft, chipped and chewable ice, which is typically offered in 20 lbs. bulk ice (direct to cooler) and 16 lb. bagged ice—always filtered, clean and made on demand.
“Ice House America recognized the need for ensuring that our operators are equipped with industry-leading cashless payment capabilities as more consumers opt for the convenience of using their credit, debit and prepaid cards to pay for purchases,” said Pete Cotter, chief executive officer of Ice House America. “Our goal is to offer USAT’s service to the entire Ice House America network to begin promoting adoption of cashless payments.”
USAT’s ePort cashless payment system is supported by its comprehensive, one-stop ePort Connect service—a PCI-compliant, comprehensive suite of cashless payment, telemetry and consumer engagement services specially tailored to fit the needs of the self-service retailing industry, including vending, kiosk and other M2M (Machine-to-Machine) applications. ePort Connect enables self-service terminals to accept credit, debit, contactless cards and other cashless forms of payment, handles all elements of transaction processing, and allows customers to monitor and manage their terminals online.Michael Lawlor, USAT’s senior vice president of sales and business development, said, "This agreement with Ice House America is a great example of how USAT is reaching beyond traditional vending to leverage the breadth of our cashless payment & telemetry services. In addition, we believe that Ice House America’s growing footprint of locations is a great match for USAT’s scalable and turnkey service model. We look forward to delivering maximum value to Ice House America as we proceed.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV