MALVERN, PA — USA Technologies, Inc. (OTC: USAT), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, 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.”
Source: USA Technologies Inc, 100 Deerfield Ln Ste 300, Malvern PA 19355
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