USA Technologies

USA Technologies Ranked a Top 10 Largest Shipper of U.S. POS Terminal Shipments for 2018 by The Nilson Report

Retrieved on: 
Tuesday, October 15, 2019
Technology, Other Retail, Other Technology, Professional services, Software, Networks, Food, Beverage, Hardware, Retail, Other Professional Services, Economy, Finance, Money, Payment systems, USA Technologies, Verifone, Ingenico, E-commerce, First Data, Point of sale, Cloud computing, Cashless society

With built-in NFC capabilities, the service platform handles all card processing and settlement for clients.

Key Points: 
  • With built-in NFC capabilities, the service platform handles all card processing and settlement for clients.
  • USAT also provides an advanced, cloud-based interactive media and content delivery management system, called ePort Interactive, which takes care of the delivery of remote refunds and enables marketing campaigns.
  • "We are proud to be ranked alongside top global players like Ingenico, VeriFone, and First Data in terms of U.S. POS terminal shipments, said Stephen P. Herbert, CEO of USA Technologies.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies Rejects Effort by Hudson Executive Capital to Take Over Board

Retrieved on: 
Monday, October 14, 2019
Software, Technology, Professional services, Finance, USA Technologies, Cashless society, Economy, Companies, Business

USA Technologies Board of Directors and management team have been engaged in extensive, constructive and good faith discussions with Mr. Braunstein over the past 10 months.

Key Points: 
  • USA Technologies Board of Directors and management team have been engaged in extensive, constructive and good faith discussions with Mr. Braunstein over the past 10 months.
  • The USAT Board and management team have been, and remain committed to, acting in the best interest of the Company.
  • While the Board is open-minded and receptive toward all ideas that would enhance shareholder value, it is important to note that many of the initiatives recommended by Hudson are already well underway at USA Technologies.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies Issues Open Letter to Shareholders

Retrieved on: 
Wednesday, October 9, 2019
Software, Internet, Finance, Data management, Technology, Professional services, USA Technologies, Companies

USA Technologies, Inc. (OTC: USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today issued an open letter to shareholders providing an update on recent financial, corporate and customer activities.

Key Points: 
  • USA Technologies, Inc. (OTC: USAT) (USAT or the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today issued an open letter to shareholders providing an update on recent financial, corporate and customer activities.
  • The full text of the letter follows:
    I am pleased to report that USA Technologies financial disclosures are now up to date.
  • We believe that these measures have brought USA Technologies oversight and control functions in line with best practices.
  • That is a testament to the commitment of the entire USA Technologies team, and to our reputation for customer care.

USA Technologies Announces $50 Million Financing Commitment

Retrieved on: 
Wednesday, October 9, 2019
Mobile, Wireless, Technology, Other Technology, Antara, USA Technologies, Cashless society, Economy, Companies, Business, USA Technologies, Inc., Antara Capital

USA Technologies, Inc. (OTC: USAT) (the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it received $20 million in equity financing from, and entered into a $30 million senior secured debt financing commitment with, Antara Capital Master Fund LP (Antara).

Key Points: 
  • USA Technologies, Inc. (OTC: USAT) (the Company), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it received $20 million in equity financing from, and entered into a $30 million senior secured debt financing commitment with, Antara Capital Master Fund LP (Antara).
  • Under the terms of the agreement, Antara purchased 3.8 million shares of common stock of the Company at $5.25 per share resulting in gross proceeds of approximately $20 million.
  • In addition, Antara has committed to provide the Company with a $30 million senior secured debt facility subject to certain conditions, including completion of agreed upon loan documentation.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

CSC ServiceWorks Showcases New Cashless Technology Platform from USA Technologies at NACS Show

Retrieved on: 
Friday, October 4, 2019
USA Technologies, Economy, Cashless society, Companies, Business, George R. Jensen Jr.

In partnership with USA Technologies, Inc.("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, CSC ServiceWorks' new platform upgrades the company's air machine technology with USAT's ePort Cashless Reader and USA Live reporting software,offering its clients a convenient and secure experience while increasing machine uptime.

Key Points: 
  • In partnership with USA Technologies, Inc.("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, CSC ServiceWorks' new platform upgrades the company's air machine technology with USAT's ePort Cashless Reader and USA Live reporting software,offering its clients a convenient and secure experience while increasing machine uptime.
  • CSC is installing the new ePort Cashless Readers on all new machines as well as updating the technology on other machines.
  • "We're thrilled to be working with CSC and have this new technology showcased at the NACS Show."
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.

USA Technologies Receives Listing Extension from Nasdaq

Retrieved on: 
Monday, September 9, 2019
Technology, Mobile, Wireless, Finance, Other Retail, Professional services, Software, Retail, Economy, Business, USA Technologies, Logistics, Cashless society, Articles

Cantaloupe was acquired by the Company on November 9, 2017.

Key Points: 
  • Cantaloupe was acquired by the Company on November 9, 2017.
  • USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.
  • With nearly one million connections worldwide, USAT is transforming the unattended retail community by offering one solution for payments processing, logistics, and back-office management solutions.
  • Any forward-looking statement made by us speaks only as of the date of this release.

USA Technologies, Inc. Appoints Matthew W. McConnell as Chief Operating Officer

Retrieved on: 
Thursday, May 23, 2019
Technology, Online Retail, Data management, Supply chain management, Networks, Software, Transport, Mobile, Wireless, Logistics, Supply chain management, Professional services, Banking, Finance, Retail, USA Technologies, Market economics), Microeconomics, Economy, ERT, Retail, Online payments, George R. Jensen Jr.

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 the appointment of Matthew W. McConnell as Chief Operating Officer, effective May 22, 2019.

Key Points: 
  • 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 the appointment of Matthew W. McConnell as Chief Operating Officer, effective May 22, 2019.
  • Mr. McConnell will report to Stephen P. Herbert, Chief Executive Officer of USA Technologies.
  • Mr. McConnell is an accomplished senior executive who brings more than 30 years of experience driving growth through the commercialization of technology across a variety of organizations.
  • USA Technologies, Inc. is a premier digital payment technology service provider of integrated cashless and mobile transactions in the self-service retail market.

USA Technologies, Inc. Receives Additional Nasdaq Deficiency as Anticipated

Retrieved on: 
Monday, May 20, 2019
Technology, Online Retail, Networks, Software, Mobile, Wireless, Professional services, Banking, Finance, Retail, Other Retail, USA Technologies, U.S. Securities and Exchange Commission, Cashless society, Economy, Business, Companies

Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the SEC).

Key Points: 
  • Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the SEC).
  • The May 14, 2019 notice indicated that the Company should present its views regarding the additional deficiency to the Panel in writing.
  • The Company has done so, and has indicated that the additional deficiency should not affect the exception previously granted by the Panel as the additional deficiency was contemplated by the Panels exception.
  • USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market.

USA Technologies Celebrates 20 Years of Leadership and Innovation During NAMA Show

Retrieved on: 
Friday, April 26, 2019
Technology, Online Retail, Data management, Hardware, Networks, Software, Other Technology, Security, Mobile, Wireless, Professional services, Banking, Other Professional Services, Retail, Food, Beverage, Other Retail, Articles, USA Technologies, Economy, Innovation, Cashless society, Bunn, Business, Technology, Online Retail, Data management, Hardware, Networks, Software, Other Technology, Security, Mobile, Wireless, Professional services, Banking, Other Professional Services, Retail, Food, Beverage, Other Retail, Articles, USA Technologies, Economy, Innovation, Cashless society, Bunn, Business

With an eye toward USATs continued leadership in innovation, USAT branded its booth, Powering Your Unattended World, and showcased new technologies, partnerships and research throughout the show.

Key Points: 
  • With an eye toward USATs continued leadership in innovation, USAT branded its booth, Powering Your Unattended World, and showcased new technologies, partnerships and research throughout the show.
  • Since then, USAT has been at the helm of industry innovation, a change agent powering cashless adoption industry-wide.
  • USA Technologies has been a great partner, said Karalynn McDermott, Senior Vice President of Market Development at Bunn-O-Matic Corporation.
  • The support and reliability we receive from USA Technologies, as well as their proven system, allows us to grow and innovate.

Michigan State University Study, in Partnership with USA Technologies, Finds Revenue Increases of 110% After Cashless Payments Technology is Added to Low-Performing Vending Machines

Retrieved on: 
Thursday, April 25, 2019
Energy, Other Energy, Technology, Hardware, Networks, Software, Other Technology, Professional services, Banking, Finance, Retail, Food, Beverage, Other Retail, Articles, Economy, USA Technologies, Cashless society, Vending machine, Contents, Micromarket

The study found that, following deployment of cashless technology, machines experienced an increase in cash sales as well.

Key Points: 
  • The study found that, following deployment of cashless technology, machines experienced an increase in cash sales as well.
  • MSU then analyzed the data on select machines to evaluate sales activity up to 18 months following the addition of cashless technology.
  • Results were based on sales activity of 250,000 vending machines connected to USATs cashless payments platform nationwide, including 95,000 low performing machines.
  • USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market.