Integration with Seed Mobile Enables Operators
to Track Route Stops in the Field and Update Inventories On-the-Go
via iOS Mobile App
USA Technologies, Inc. (NASDAQ: USAT) ("USAT"), a software and
payments company that provides end-to-end technology solutions for
the unattended retail market, today announced the general
availability of Seed Cashless+. This next generation in vend
management and logistics offers customers an updated experience
with additional features at their fingertips and is part of the
Company’s best in class Platform as a Service (PaaS). It’s tailored
to small and medium businesses (SMBs) with under 400 devices and
provides enhanced insights for scheduling, pre-kitting,
merchandising and real-time alerts, along with a streamlined user
interface for better efficiency and ease of use.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210309005363/en/
“Being able to do our daily tasks quickly and accurately is
becoming more and more important to successfully operating small
businesses like ours. We are realizing that in order to continue
growing our business we need a solution that goes beyond pen and
paper, and excel spreadsheets,” said Ricky Tenney, owner of A.R.T
Vending, an independent Louisiana operator. “USA Technologies has
paid close attention to the needs of its smaller business
customers. The improvements made with this Seed Cashless+ upgrade
are essentially modernizing our operation. We can now address
issues in the field more quickly and effectively, which in turn
streamlines how we run the business, which then helps drive
sales.”
Seed Cashless+ utilizes telemetry connected directly to the
credit card readers on the operator’s machines to collect, transmit
and analyze necessary sales and product-level data directly into
their online platform. With this real-time information, customers
can receive enhanced insights for scheduling, product
merchandising, pre-kitting and machine-level alerts. By basing
their decisions on their machines’ real data, and not relying on
best-guesses, SMB operators can significantly cut down the time it
takes them to manage their business.
This next generation solution is enabled for mobile or tablet
access. For the first time, Seed Cashless+ users can take advantage
of Seed Mobile, USAT’s iOS app that integrates seamlessly with the
browser-based platform of Seed Cashless+. Operators can now track
which machines they scheduled for the day, quickly take on-site
inventory and add notes about individual machines to review back in
the office. Seed Mobile automatically updates the new data via
cellular or WiFi connection at the end of the day and eliminates
the need for drivers to carry pen and paper in the field.
Seed Cashless+ key features:
- QuickPicks – Uses machine sales data to enable operators to
prioritize visits to machines that are running low, and just bring
the necessary product to restock them
- Real-time Alerts – Proactive maintenance alerts that inform
operators of machine malfunctions, loss of connectivity or low
inventory
- Seed Mobile – An iOS app that allows drivers to review all the
machines selected for their daily route, and quickly inventory
machines that need to be serviced
“Seed Cashless+ is a
very powerful tool for our SMB customers, and further proof that we
continue to set the standard for vending management systems, as we
develop our platform to give our customers the tools to maximize
operations of all sizes,” said Ravi Venkatesan, chief technology
officer, USA Technologies. “USA Technologies has a history of helping
operators with their digital transformation, by bringing technology
to market that is easy to use, cost effective and provides rapid
ROI. Seed Cashless+ offers more advanced tools and capabilities.
These enhance our existing vending management solution and boost
efficiency for our customers, especially when out in the field,
essentially helping modernize their business.”
Pricing:
The cost for new customers is
$3 per device, per month. Current Cashless+ customers can upgrade
to Seed Cashless+ with Seed Mobile for an extra $1 per machine per
month.
Useful Links:
- USA Technologies: https://usatech.com/
- Blog: https://www.usatech.com/blog/
- LinkedIn: https://www.linkedin.com/company/usa_tech/
- Twitter: https://twitter.com/usa_tech
- YouTube: https://www.youtube.com/user/USATechnologies
- Resource Center: https://www.usatech.com/resources/
Sales and Partnership Inquiries:
Please contact USA Technologies, Inc. at +1 800.633.0340 or
sales@usatech.com.
About USA Technologies
USA Technologies, Inc. is a software and payments company that
provides end-to-end technology solutions for the unattended retail
market. USAT is transforming the unattended retail community by
offering one integrated solution for payments processing, logistics
and back-office management. The Company’s enterprise-wide platform
is designed to increase consumer engagement and sales revenue
through digital payments, digital advertising and customer loyalty
programs, while providing retailers with control and visibility
over their operations and inventory. As a result, customers ranging
from vending machine companies, to operators of micro-markets, gas
and car charging stations, laundromats, metered parking terminals,
kiosks, amusements and more, can run their businesses more
proactively, predictably and competitively.
Forward-looking Statements:
All statements other than statements of historical fact included
in this release, including without limitation USAT’s future
prospects and performance, the expected proceeds of the private
placement, the intended use of the proceeds of the private
placement, the closing of the private placement, the business
strategy and the plans and objectives of USAT's management for
future operations, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
When used in this release, words such as “may,” “could,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“guidance,” “predict,” “potential,” “continue,” “likely,” “will,”
“would” and variations of these terms and similar expressions, or
the negative of these terms or similar expressions, as they relate
to USAT or its management, may identify forward-looking statements.
Such forward-looking statements are based on the reasonable 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 incurrence by USAT of any
unanticipated or unusual non-operational expenses which would
require us to divert our cash resources from achieving our business
plan; the uncertainties associated with COVID-19, including its
possible effects on USAT’s operations, financial condition and the
demand for USAT’s products and services; the ability of USAT to
predict or estimate its future quarterly or annual revenue and
expenses given the developing and unpredictable market for its
products; the ability of USAT to retain key customers from whom a
significant portion of its revenues is derived; the ability of USAT
to compete with its competitors to obtain market share; the ability
of USAT to make available and successfully upgrade current
customers to new standards and protocols; whether USAT's existing
or anticipated customers purchase, rent or utilize ePort or Seed
devices or our other products or services in the future at levels
currently anticipated by USAT; disruptions to our systems, breaches
in the security of transactions involving our products or services,
or failure of our processing systems; or other risks discussed in
USAT’s filings with the U.S. Securities and Exchange Commission,
including but not limited to its Annual Report on Form 10-K for the
year ended June 30, 2020 and its Quarterly Reports on Form 10-Q for
the quarters ended September 30, 2020 and December 31, 2020.
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. If USAT updates one or more forward-looking
statements, no inference should be drawn that USAT will make
additional updates with respect to those or other forward-looking
statements.
-- G-USAT
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210309005363/en/
Media and Investor Relations Contact: Alicia V.
Nieva-Woodgate USA Technologies +1 720.445.4220
anievawoodgate@usatech.com
Emily Porro Porro Communications emily@porrocomms.com
Investor Relations: ICR, Inc. USATechIR@icrinc.com
USA Technologies (NASDAQ:USAT)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
USA Technologies (NASDAQ:USAT)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
