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 an agreement with AirVend, a provider of innovative technology focused on the vending industry, that further broadens the menu of cashless payment offerings available for users of USAT’s ePort Connect® service. AirVend offers an android-based interactive touchscreen point-of-sale device designed to enhance the POS experience and ease compliance with proposed government product content disclosure rules.
As part of a three year agreement, USAT, through its ePort Connect service, has become AirVend’s preferred service provider for vending and other unattended retail applications, including kiosk, laundry and amusement industries.
“In today’s fast-paced technology environment, we believe it’s important that our customers have choice,” said Stephen P. Herbert, USAT’s chairman and chief executive officer. “AirVend, as the latest addition to the variety of POS technologies we support on our ePort Connect service platform, meets the needs of customers asking for electronic media/content services, especially around nutritional information. It’s a great example of USAT’s commitment to an open and flexible service platform that delivers great overall value to our customers.”
Lance Ellsworth, AirVend’s co-founder and executive vice president of business development, stated, “We are excited to offer the market this great combination of AirVend’s innovative touchscreen POS technology and USAT’s best-in-class ePort Connect service. By using the AV 5 or AV 7, we believe vending operators will be able to future proof their business. For starters, operators will be better prepared to comply with proposed federal regulations for displaying nutritional information about products. They will also be able to offer advertisements and, in the future, participate in other promotional capabilities that, in our view, can enhance their lives and the lives of their customers.“At the same time, we are now able to strengthen our go to market approach by incorporating the benefits of USAT’s well-respected ePort Connect service platform,” continued Ellsworth. “We look forward to working with USAT and already have customers beginning the process of transitioning to USAT’s ePort Connect service.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts