USA Technologies announced it will showcase three new ways for vending operators and consumer product companies to realize the benefits of cash-less vending at the Spring NAMA (National Automatic Merchandisers Association) Expo tradeshow, March 27-29 in Las Vegas. The company is leading the way to firmly establish cash-less payment as a new form of payment and revenue growth in the vending industry. This year at the NAMA Spring Expo, USA Technologies will be showcasing the next generation of the e-Port service plan, the MEI EASITRAX cash-less solution, as well as the newly revamped business model of the Kodak vending program in an effort to help vending operators increase their revenues.
The next generation of the e-Port(TM) service plan will make it even easier and more cost effective for vending operators to offer their customers the option to use credit cards. Based on actual results from USA Technologies’ current vending customer base, vending operators can increase their sales by 15 to 25 percent just by offering a credit card option.
“We are very excited about the new e-Port(TM) service plan. As always, we are working to make our customers in the vending industry more profitable,” commented Michael Lawlor, Senior VP of Business Development for USA Technologies. “The new e-Port(TM) service plan, coupled with the fact that our current customers are seeing a 15 to 25 percent increase in sales, keeps us on strategy to help our customers increase their revenue potential. Now we are able to offer our customers a product that can be paid for by just increasing their sales by 45 cents a day. That’s less then the price of selling one additional soft drink or snack every other day.
“The MEI EASITRAX(TM) cash-less solution will also be demonstrated at the Expo. MEI and USA Technologies are co-marketing credit card payment systems with associated credit card services. By combining MEI EASITRAX(TM) vending management software, MEI CASHFLOW(TM) series 6000 cardreader, USA Technologies’ wireless payment processing technology and MEI EASITRAX(TM) remote data port, operators will have the first comprehensive cash-less solution and complete vending management capability in the industry.
“Working with USA Technologies allows MEI to offer our customers another payment option to capture more sales,” commented Mary Rampe, director of sales, US Vending for MEI. “With credit and check cards being the fastest growing payment methods sought by consumers, we are enabling our vending clients to best meet these changing market demands with reliable and proven solutions.”
Cash-less vending allows for higher price items to be vended and has allowed several consumer product companies, like Eastman Kodak, to develop new distribution channels for its products. USA Technologies has formed a relationship with Kodak and now offers revenue-sharing opportunities for vending operators to participate in the Kodak programs. The program will be shown at the Expo and offers vending operators the ability to place machines that sell one-time-use cameras and film, with their existing accounts. The revenue sharing program is lucrative and there is no or little cost to the operator to participate.
“We have seen some great successes since recently opening the Kodak program to third party operators,” said Erika Bender, director of sales for the Kodak Vending Program. “It is a natural fit for vending operators who can easily place these machines in their existing accounts and immediately start generating profits.”
With credit cards the preferred payment of consumers, USA Technologies has become the leader in wireless, cash-less transaction processing solutions for the $40 billion vending industry. According to the December 2002 issue of the Nilson Report, the company is processing 90 percent all credit card transactions and 97 percent of the total credit dollars spent in the vending industry.
Individuals or corporations seeking further information regarding the benefits of cash-less vending are invited to attend a panel discussion at the NAMA Spring Expo at 9:30 am, Thursday, March 27, which will be lead by USA Technologies.
About USA Technologies:
USA Technologies is a leader in wireless non-cash and m-commerce transactions, associated financial/network services and interactive media technology. USA Technologies provides networked credit card and other non-cash/mobile commerce systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner and an inaugural member of the Sprint Enabling Application Service Provider Program for e-commerce. The Company has marketing agreements with the IBM Corporation and MEI and the ZiLOG Corporation. Maytag Corporation is an original equipment manufacturer (OEM) partner and minority investor in USA Technologies. .Details