Welcome!

News Feed Item

New Three Year Exclusive Agreement with The Pepi Companies Substantially Expands Existing Relationship with USA Technologies

USA Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, today announced a new, exclusive agreement with The Pepi Companies that USAT believes exemplifies the future of integrated cashless payment, telemetry and consumer engagement services. The agreement, designed to span all aspects of Pepi’s business—from vending to micro-market, from mobile payment to cafeteria/food service point of sale—leverages Pepi’s existing cashless-enabled vending network and USAT’s new Integrated Payment Services. Integrated Payment Services, an evolution of USAT’s market-leading ePort Connect® service, was introduced to the vending industry yesterday.

The Pepi Companies (“Pepi”), a leading food, coffee and vending service provider based out of Dothan, Alabama, was USAT’s first customer to initiate a complete conversion to cashless payment and telemetry on its vending machines, a project completed at the end of 2012. Under the new agreement, Pepi plans to substantially expand its relationship with USAT by leveraging USAT products, services and add-on integration capabilities across all of Pepi’s other business segments.

Vic Pemberton, chief executive officer and founder of The Pepi Companies, commented, “Implementing cashless on all our vending machines greatly enhanced our customer experience, but it was just the beginning for Pepi. The marketplace for a traditional vending operator is much more complex now than it was before. Many of us have micro-markets, more operators are getting into coffee services and other direct store deliveries, and others are expanding their portfolio of convenient and fresh food services. By putting this agreement together with USAT, our goal was to build an infrastructure to simplify cash flow and operations, save on rates and shrinkage and bring more value to our consumers.”

Pepi’s integrated service solution will include traditional vending, using USAT’s turnkey ePort® and ePort Connect cashless payment and telemetry products and services. Pepi will also have the ability to integrate other third-party devices certified on USAT’s ePort Connect network. For Pepi’s micro-markets as well as their dining service point of sale, Pepi’s technology partner used QuickConnect to integrate with USAT, for streamlined payment services. In addition, for Pepi’s office coffee services and direct store deliveries, Pepi will use USAT’s ePort Mobile™ solution to integrate payments with other business segments. Finally, USAT’s loyalty and prepaid program, MORE., will be accessible by participating consumers using any of these payment acceptance options for an enhanced consumer experience and loyalty factor—one program for all aspects.

“We had our own theme in mind when we developed this integrated services plan with USAT: ‘Simply More, Simply Better,’” said Pemberton. “’Simply Better’ is about creating a foundation that combines all of our credit and debit card processing. Everything coming down the same, integrated pipeline provides obvious efficiencies. We’ll be able to save not only in accountability, but in daily deposits and cash handling, as well as in processing rates.

“’Simply More’ is about enhancing the customer’s experience,” added Pemberton. “Using USAT’s MORE. program across our vending, kiosk and point of sale systems, Pepi customers will enjoy a common loyalty experience anywhere they go—whether it’s a card, fob or mobile-based consumer app. Behind the scenes, this structure will provide even better controls and information about consumers.

“In all, Pepi’s goal is to leverage our connected technology and the capabilities of USAT. We look forward to executing this new plan and the opportunities ahead to ensure that doing business with Pepi is ‘Simply More, Simply Better,’” concluded Pemberton.

“Pepi’s progressive use of connected technology embodies the spirit of USAT’s presence at this year’s NAMA OneShow where we plan to showcase the strength and versatility of our service capabilities in self-serve retail,” said Michael K. Lawlor, USAT’s senior vice president of sales and business development. “We are changing the conversation, signaling to our customers that there’s a whole new manner in which full-service food and beverage providers will be able to manage their businesses as they continue to transition to cashless with USAT.”

USAT will be exhibiting its one-stop, cashless payment, telemetry and consumer engagement services at the NAMA OneShow at the McCormick Place, LakeSide Center in Chicago from April 9-11. Visit USAT at Booth # 763.

In addition, The Pepi Companies will be presenting a workshop titled, “Not UR Daddy’s Vending: The Evolution of Today’s Convenient Refreshment Company” at the NAMA OneShow on Tuesday, April 8, 2014, at 1:45 p.m.

About Pepi Food Services

Pepi Food Services, headquartered in Dothan, Alabama, with branches in Bainbridge, Georgia, and Tallahassee, Florida, has been a leader in vending and food services for nearly 29 years and coffee and water services for over 20 and 13 years, respectively. The company is a local Canteen franchise employing 100 loyal and dedicated professionals who deliver vending, canteen services and coffee services to over 1,000 clients. To learn more, please visit www.pepifoods.com.

About USA Technologies:

USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries. USA Technologies also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G-series, ePort Mobile™ for customers on the go, and QuickConnect, an API Web service for developers. USA Technologies has been granted 87 patents; and has agreements with Verizon, Visa, Elavon and customers such as Compass, Crane, AMI Entertainment and others. Visit the website at www.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, business, financial market and economic conditions; whether, and to what extent, USAT’s Integrated Payment Services will help customers save on rates, improve business and merchant account efficiencies, daily deposits and cash handling, and deliver better service to consumers; the possibility that all of the expected benefits from adoption of USAT’s Integrated Payment Services will not be realized by all customers, or will not be realized within the expected time period; and USAT's ability to accurately predict future market conditions, consumer behavior and levels of cashless usage. 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

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...