MALVERN, Pa.--(BUSINESS WIRE)--
Technologies, Inc. (NASDAQ:USAT) ("USAT"), a payment technology
provider of cashless and mobile transactions in self-serve retail, today
announced that it received the "2016 North America Customer Value
Leadership Award" from Frost & Sullivan, the Growth Partnership Company.
USAT earned the Award in recognition of its innovation in the integrated
financial services and retail space industry in North America.
"We are honored to receive this prestigious Award from Frost &
Sullivan," said Stephen P. Herbert, Chairman and CEO, USA Technologies.
"Leading the way for the adoption of cashless payments in a
traditionally cash-based industry has been our pleasure the past 15
years. The team at USA Technologies has worked very hard to guide our
customers through the transition to newer technologies while creating
inherent value for and loyalty in consumers through frictionless
transactions and loyalty programs. This Award has special significance
to us, as it shows that the strides we've made in the market are being
Frost & Sullivan has a global team of analysts and consultants
continuously researching a wide range of markets across multiple sectors
and geographies. As part of this ongoing research, Frost & Sullivan
identifies companies that consistently deepen customer relationships by
offering superior products and services that deliver a clear,
demonstrable ROI. This research involves extensive primary and secondary
research across the entire value chain of specific products. For the
Customer Value Leadership Award, its analysts independently evaluated
two key factors—Customer Impact and Business Impact. Against the
backdrop of this research, Frost & Sullivan singled out USA
Technologies, Inc. among the best in providing customer value in the
Previously recognized in 2014 by Frost & Sullivan for its value
leadership in financial services and retail machine-to-machine
communications solutions, USAT offers point-of-sale services to business
owners in the self-service, unattended market. An early adopter of
advanced payment processing, contactless acceptance, and telemetry
technologies, the company helps business owners transition to a world
where unattended machines accept various payment methods.
USAT currently has over 429,000 connections, of which 300,000 plus are
NFC enabled. Consumers, millennials in particular, are taking advantage
of the ubiquity of their smartphones, increasingly using mobile wallets
such as Apple Pay, Android Pay, and Samsung Pay to pay for goods.
However, the unattended and self-serve retail market, such as vending,
laundry, and parking, has traditionally been coin and cash based. Now
operators and service providers are looking at a technology upgrade to
accept next-generation digital payments. USAT has simplified this
process by creating an end-to-end platform that offers everything from
data networking to payment processing, and loyalty and marketing
programs, in addition to best-in-class service and support, via its
ePort Connect and ePort Interactive programs.
For more information:
USA Technologies: https://usatech.com/
About Frost & Sullivan:
Frost & Sullivan, the Growth Partnership Company, works in collaboration
with clients to leverage visionary innovation that addresses the global
challenges and related growth opportunities that will make or break
today's market participants. For more than 50 years, we have been
developing growth strategies for the global 1000, emerging businesses,
the public sector, and the investment community.
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. USA Technologies has 78 United States
and foreign patents in force; and has agreements with Verizon, Visa,
Chase Paymentech, and customers such as Compass, AMI Entertainment, and
others. For more information, please visit the website at www.usatech.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170103005405/en/
Alicia V. Nieva-Woodgate, +1 415-515-0866
Source: USA Technologies, Inc.
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