USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital payment, consumer engagement and logistics service provider for the self-service retail market, today announced an expanded agreement with AVM Services, a vending, office coffee and water service company based in Audubon, PA. Through the agreement, AVM has upgraded 1,100 machines with USAT’s state-of-the-art ePort Connect® cashless technology platform, and equipped such machines with Seed Pro and Seed Office. Additionally, the company is utilizing Seed Delivery at 2,000 office coffee services delivery points.
AVM Services is a second generation family owned business serving vending, office coffee and water to customers in the Pennsylvania, New Jersey and Delaware region. Through the expanded partnership, AVM will benefit from the reliability and security of USAT’s industry-leading ePort cashless payment system on its customers’ machines, coupled with the power of our patented, cloud-based vending intelligence solutions, designed to enable the company to optimize its business and increase revenues while minimizing operating costs.
“We have built our business for generations based on introducing new products and services to our customers and are recognized for our excellence in service and innovation,” said Larry McQuaid, VP of Operations, AVM Services. “We are thrilled to expand our agreement with USA Technologies. The combination of USAT’s best-in-class payment technology and Seed software will enable us to continue to deliver exceptional service to our customers while minimizing operational costs through the most innovative solutions. We are well on our way to full implementation and Terry Hovis and Greg Young from the USAT support team have done a tremendous job in supporting us through this effort.”
“AVM’s expanded agreement is a testament to the strength of the combined technologies of ePort Connect and the Seed Pro suite of solutions,” said Maeve McKenna Duska, SVP Marketing and Strategic Development, USA Technologies. “We are proud to help AVM continue the tradition of innovation and service with one of the most powerful, holistic enterprise platforms in the unattended retail market.”
AVM Services has also signed up for USAT's Premium Support Service offerings, which gives the company access to USAT’s bundle of best-in-class support services including deployment planning, project management, installation support, training, tools specific to the marketing of cashless programs, and marketing support/consultation, mobile payment and loyalty programs and, in some cases, funding support.
About USA Technologies
USA 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 recent 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.
