USAT Announces Expansion of Seed Markets Integration with Multiple Micro Market Providers
April 24 2019 - 7:30AM
Business Wire
Avanti Markets, Company Kitchen, Three Square
Market and Yoke Payments Now Fully Integrated with USAT’s Micro
Market Business Optimization Solution
USA Technologies, Inc. (NASDAQ:USAT), a premier digital payment,
consumer engagement and logistics service provider for the
self-service retail market, today announced that its micro market
optimization solution, Seed Markets, is now fully integrated with
some of the industry’s large micro market providers, including 365
Retail Markets, Avanti Markets, Company Kitchen, Three Square
Market and Yoke Payments. Through the Seed Markets’ cloud-based and
mobile solution, micro market operators can benefit from the same
service efficiency tools already available for vending through Seed
Pro™ and for back-office management through Seed Office™.
The announcement reflects an expansion of USAT’s roster of Seed
Markets customers. In February of 2018, USAT announced broad
availability of Seed Markets and deployment with All Star Services,
One Source Office Refreshments, K&R Vending, Imperial
Companies, CL Vending, Southern Canteen, and Gulf Coast Canteen.
Through Seed Markets, owners and operators of micro market
companies benefit from one standard set of tools including
simplified route management, efficient warehouse pre-picking, a
single reporting interface and cash accountability.
“As the micro markets industry continues to grow, more and more
operators are looking to add this new channel to their portfolio,”
said Paul Stadler, VP Product Management, USA Technologies.
“However, operators wanting to add micro markets often struggle
with separate, disparate business platforms and separate inventory
for vending, office coffee services (“OCS”) and micro markets. Seed
Markets enables operators to simplify their operations by
standardizing on a single set of mobile and web-based tools for
micro markets, vending, and OCS. This enables them to better manage
operational costs and increase efficiencies.”
With the implementation of the new NAMA standard on VDI VMS/MMS
integration, USA Technologies now has the ability to accelerate the
integration of Seed Markets with micro markets on which the NAMA
standard has been implemented, as the standard eliminates delays
stemming from any unique development work that would otherwise be
required to integrate Seed Markets with micro markets that do not
comply with the standard. This standard is being used for
additional Seed Markets customer integrations, including Vendors
Exchange International, which is expected to be completed during Q2
of calendar year 2019.
Last year, USAT completed the acquisition of Cantaloupe Systems,
which includes its Seed Office and Seed Pro services, adding
logistics, dynamic route scheduling, automated pre-kitting,
responsive merchandising, inventory management, warehouse and
accounting management to its existing portfolio of cashless
payment, loyalty and consumer engagement services. The combined
portfolio is designed to provide an enterprise system for
self-service unattended retail businesses. The expansion of Seed
Markets further extends USAT’s enterprise offering for self-service
unattended retail businesses.
About USA TechnologiesUSA Technologies, Inc. is a premier
payment technology service provider of integrated cashless and
mobile transactions in the self-service retail market. The company
also provides a broad line of cashless acceptance technologies
including its NFC-ready ePort® G-series, ePort Mobile® for
customers on the go, ePort® Interactive, and QuickConnect, an API
Web service for developers. Through its acquisition of Cantaloupe
Systems, Inc. ("Cantaloupe"), the company also offers logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting
management solutions. Cantaloupe is a premier provider of cloud and
mobile solutions for vending, micro markets, and office coffee
services.
Useful Links:USA Technologies: https://usatech.com/Twitter:
https://twitter.com/usa_techYouTube:
https://www.youtube.com/user/USATechnologiesResource Center:
https://usatech.com/resource-center/the-benefits
Sales and Partnership Inquiries:Please contact USA Technologies,
Inc. at +1 800.633.0340 or sales@usatech.com.
Forward-looking Statements:“Safe Harbor” Statement under the
Private Securities Litigation Reform Act of 1995: All statements
other than statements of historical fact included in this release,
including without limitation the business strategy and the plans
and objectives of USAT’s management for future operations, are
forward-looking statements. When used in this release, words such
as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and
similar expressions, as they relate to USAT or its management,
identify forward-looking statements. Such forward-looking
statements are based on the 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 ability of USAT
to predict future market conditions and consumer behavior; the
possibility that integration of Seed Markets with micro markets may
be delayed due to reasons other than the lack of a uniform standard
of integration; and the possibility that all of the expected
benefits from use of Seed Markets, including increased efficiencies
and better management of operating costs, will not be realized by
all micro markets operators and on all micro markets or within the
expected time period. 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.
--G-USAT
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Media Contact:Emily
Porro347-346-3663emily@porrocomms.comorInvestors:Blueshirt
GroupMonica Gould, +1 212-871-3927monica@blueshirtgroup.com
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