USA Technologies Adds VendPro to ePort Interactive Platform (NASDAQ:USAT)
August 31, 2016
USA Technologies (NASDAQ:USAT), a payment technology service provider, said that it has added VendPro Refreshment Services to its list of customers transitioning to cashless payment technology on over 50% of their machines. The company is currently working to connect 1,800 of VendPro’s vending, coffee and micro-market machines to USA Technologies’next-generation, interactive content delivery and payments platform, ePort Interactive, marking the company’s largest order to date since the acquisition of VendScreen earlier this year. VendPro will now have access to the company’s most advanced cloud-based interactive media and content delivery management system, enabling the delivery of nutritional information, issuance of remote refunds, and initiation of multimedia-marketing campaigns, among other consumer engaging features. The deployment will allow VendPro to track the acceptance of cash, credit or debit cards, and mobile payments using Android Pay and Apple Pay. USAT shares were down 1.2% in Tuesday’s afternoon trade.
The stock decreased 1.78% or $0.09 during the last trading session, hitting $4.97. About 223,161 shares traded hands or 4.44% up from the average. USA Technologies, Inc. (NASDAQ:USAT) has risen 67.34% since January 27, 2016 and is uptrending. It has outperformed by 51.77% the S&P500.
USA Technologies, Inc. provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The company has a market cap of $178.69 million. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other market divisions, such as amusement, commercial laundry, kiosk and others. It currently has negative earnings. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine services, which include the ability to remotely monitor, control, and report on the results of distributed assets containing its electronic payment solutions.
