Tuesday , June 15, 2021

Vending

The NASDAQ Accepts USA Technologies’ Compliance Plan, but an Internal Probe Continues

Vending machine payments provider USA Technologies Inc. reported Wednesday that The NASDAQ Stock Market LLC has accepted its plan to regain compliance with its listing rule. The company, however, still hasn’t completed an internal investigation of customer contracts that has delayed the filing of its financial reports. The NASDAQ in …

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USA Technologies’ Stock Tanks on News of Contract Investigation

Unattended payments provider USA Technologies Inc. lost a third of its value Tuesday morning on news it would delay filing its annual report while its board of directors investigates customer contracts and how business was booked. The company had until Sept. 13 to file its annual report with the Securities …

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USA Technologies’ $60 Million Stock Gain and other Digital Transactions News briefs from 5/23/18

Shares of processor EVO Payments Inc. began trading on the Nasdaq market Wednesday at an initial price of $16. The company put 14 million shares out to market, for expected gross proceeds of $224 million. In early trading Wednesday the stock was at $19.60, a 22.5% increase from its opening value. EVO …

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USA Technologies Nearly Doubles Its Connection Counts While Leveraging Its Cantaloupe Deal

Unattended payments continue to bear fruit for USA Technologies Inc. as the company said its connections increased 92.3% in its fiscal third quarter from a year ago. Malvern, Pa.-based USAT said its connections totaled 969,000 in the quarter ended March 31, up from 504,000. Its total number of customers, at …

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A Vending-Payments Processor Applies Cryptocurrency to Crack the Market for Micropayments

Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …

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COMMENTARY: Why Kiosks Are Becoming Must-Have Technology in the Retail Space

Kiosks, and the technology that supports them, are hardly new. We’ve been using kiosks to check in at the airport and print out a wedding registry at our local home-goods store for years. But today, kiosks are moving into fast-food restaurants, rental-car stores, drugstores, malls, and everywhere in between. In …

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Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …

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USA Technologies Swings to Profit as Network Continues Growing

USA Technologies Inc., a provider of payment services for vending machines and other unattended merchant locations, said Tuesday the number of connections in its ePort network grew 32% year-over-year to 568,000 as of June 30, and transaction volume nearly as much. The Malvern, Pa.-based firm also reported net income of …

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Sabre Breach Update and other Digital Transactions News briefs

USA Technologies Inc., a provider of contactless-payment devices for vending machines, announced an expanded agreement with JPMorgan Chase & Co. to market cashless-payment capability in self-serve markets. Fast-casual restaurant chain Panera Bread Co. gets more than a quarter of its orders through digital order-ahead transactions, and that excludes digital orders that are paid …

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Digital Transactions