NEN Planning to Connect 5,000 Amusement
Machines to USAT’s ePort Connect Service
Best-in-Class Payment and QR Code Technology
Showcased in USAT’s Booth #3433 during IAAPA Expo November 18-22 in
Orlando
USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments
and software services company that provides end-to-end technology
solutions for the self-service retail market, today announced that
National Entertainment Network, LLC, (“NEN”) signed an agreement to
expand its relationship with USAT. The agreement provides for the
deployment of USAT’s NFC-capable ePort Connect® cashless payment
system on 5,000 of NEN’s game room entertainment and bulk
confection vending machines over twelve months, subject to the
terms and conditions of the agreement. 1,800 devices have already
been shipped. Prior to this agreement, NEN had deployed ePort
Connect on 400 of its machines.
Headquartered in Broomfield, Colorado, NEN describes itself as
the largest front-end retail and entertainment vending company in
the nation, operating more than 50,000 pieces of amusement and
entertainment equipment including skill cranes, kiddie rides, video
game kiosks and customized game rooms in over 18,000 of the most
popular retail and restaurant locations throughout the United
States and Puerto Rico. NEN’s machines equipped with ePort devices
will be able to accept cash, credit/debit cards, and contactless
payments made using various methods, including mobile wallet
payments such as Google Pay and Apple Pay, as well as with QR
codes, which will be accepted using QR code readers, which support
the company’s consumer-facing digital marketing strategies. The
technology will be showcased in USAT’s booth #3433 during the IAAPA
Expo in Orlando, Florida November 18-22.
“For more than 30 years, NEN has grown its business by bringing
the best service and most innovative amusement machines to our
customers, while keeping pace with the changing needs and
preferences of consumers,” said Jim Sevalt, President and Chief
Operating Officer of NEN. “We are thrilled to expand our agreement
with USA Technologies. Their ability to bring customized solutions
that integrate seamlessly with our digital marketing initiatives
will enable us to better tailor programs to drive additional
traffic to our machines as well as customer’s stores. It also
enables us to offer the best, most agile, secure, and proven
cashless payment solutions on the market. We are already seeing
increasing sales on machines equipped with ePort Connect, and we
look forward to further deployment as we lead this growing industry
toward a cashless future.”
“Similar to vending and other unattended retail channels, the
amusement and entertainment industry has increasingly been evolving
toward adoption of cashless payments. Our expanded agreement with
NEN, which is one of the largest and most recognized entertainment
companies in the country, is a testament to the benefits of ePort
Connect, and the power that comes with being able to better capture
and understand every transaction,” said Michael Marett, SVP Market
Development, USA Technologies. “We are proud to help NEN continue
its tradition of innovation through our next-generation payment
platform. Through ePort Connect, we are not only enabling NEN to
more effectively manage its business, but also bringing consumers
more personalized engagements, in line with their
expectations.”
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software
services company that provides end-to-end technology solutions for
the self-service retail market. With more than one million
connections worldwide, USAT is transforming the unattended retail
community by offering one solution for payments processing,
logistics, and back-office management solutions. The company’s
enterprise-wide platform is designed to increase consumer
engagement and sales revenue through digital payments, digital
advertising and customer loyalty programs, while providing
retailers with control and visibility over their operations and
their inventory. As a result, customers ranging from vending
machine companies, to operators of micro-markets, car charging
stations, laundromats, kiosks, amusements and more, can run their
businesses more proactively, predictably, and competitively.
About National Entertainment Network
National Entertainment Network (NEN) is the largest front-end
retail and entertainment vending company in the nation,
headquartered in Broomfield, Colorado. NEN defines amusement
vending entertainment with a diverse first-tier
entertainment/confection portfolio of products operating 50,000
machines in over 18,000 of the most popular retail and restaurant
locations throughout the United States and Puerto Rico. For over 30
years, NEN, a category leader in innovation and technology,
continues to focus on clients by providing quality entertainment
for their customers and patrons.
Useful Links
USA Technologies: https://usatech.com/ Twitter:
https://twitter.com/usa_tech YouTube:
https://www.youtube.com/user/USATechnologies Resource 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
National Entertainment Network: https://www.nen-inc.com/
Facebook: https://www.facebook.com/Sugarloaftoys/ Instagram:
https://www.instagram.com/sugarloaftoys/ Twitter:
https://twitter.com/NENSugarloaf For machine placements or sales
inquiries, please contact NEN at +1 866.902.0595 or
sales@nen-inc.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 the
Company may ship fewer than 5,000 devices if a required technical
integration between USAT’s devices and NEN’s machines is not
completed in a timely manner; and the possibility that all of the
expected benefits and efficiencies from customized cashless payment
services, including opportunities for increases in sales, will not
be realized by all vending operators and on all vending machines 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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191115005039/en/
USAT Media Contact: Emily Porro 347-346-3663
emily@porrocomms.com
NEN Press Contact: Marketing Department National
Entertainment Network, LLC marketing@nen-inc.com 303/444-2559
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