MALVERN, Pa.--(BUSINESS WIRE)--
Technologies, Inc. (NASDAQ: USAT), "USAT", a leader of wireless,
cashless payment and M2M telemetry solutions for small-ticket,
self-serve retailing industries, is pleased to announce that it has been
awarded the Frost & Sullivan 2014 North American Customer Value
Leadership Award in Financial Services and Retail M2M Communications.
Based on Frost & Sullivan's Best Practice Research findings, each year
Frost & Sullivan presents this award to the company that has
demonstrated excellence in implementing strategies that proactively
create value for its customers with a focus on improving the return on
the investment that customers make in its services or products.
Frost & Sullivan has more than 50 years of experience in business and is
a global research organization of 1,800 analysts and consultants who
monitor more than 300 industries and 250,000 companies. Frost &
Sullivan's Best Practices Awards recognize companies in a variety of
regional and global markets for demonstrating outstanding achievement
and superior performance in areas such as visionary innovation,
competitive strategy, leadership, technology and product development.
The companies that are commended as Best Practices Award recipients are
those with the diligence, perseverance and dedication required to
develop a successful business plan and excel in the increasingly
competitive global marketplace.
To be honored with the Frost & Sullivan Award for Customer Value
Leadership, analysts compare market participants and measure performance
through in-depth interviews, analysis, and extensive secondary research
in order to identify best practices in the industry. The award
recognizes USA Technologies' inordinate focus on enhancing the value
that its customers receive, beyond simply good customer service, leading
to improved customer retention and, ultimately, customer base expansion.
"By delivering an impressive range of technologies and services to its
customers, USA Technologies has achieved ‘preferred provider' status in
next-generation cashless payments solutions for the self-serve
retail/POS industry," stated Vikrant Gandhi, principal analyst, Mobile
and Wireless Communications, Frost & Sullivan. "Unlike other traditional
hardware vendors and commercial merchant acquirers, USA Technologies
understands the unique requirements of its customers and offers highly
compelling, best-in-class solutions that allow customers to fully
leverage the benefits of a connected, cashless payments architecture."
"We are thrilled to receive this prestigious award from Frost &
Sullivan," said USA Technologies chairman and chief executive officer,
Stephen P. Herbert. "The fact that it points to our longstanding
commitment to customer service and customer-driven innovation makes the
award especially important to us. It's also a testament to the many
groundbreaking accomplishments of the USA Technologies' team that has
served to awaken and shape the model for cashless payment, M2M telemetry
and consumer engagement services in self-serve retail."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best-in-class positions in growth,
innovation and leadership. The company's Growth Partnership Service
provides the CEO and the CEO's Growth Team with disciplined research and
best-practice models to drive the generation, evaluation and
implementation of powerful growth strategies. Frost & Sullivan leverages
50 years of experience in partnering with Global 1000 companies,
emerging businesses and the investment community from more than 40
offices on six continents. To join Frost & Sullivan's Growth
Partnership, visit the website at www.frost.com.
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of small-ticket,
self-service retailing industries. USA Technologies also provides a
broad line of cashless acceptance technologies including its NFC-ready
ePort® G-series, ePort Mobile™ for customers on the go, and
QuickConnect, an API Web service for developers. USA Technologies has
been granted 87 patents; and has agreements with Verizon, Visa, Elavon
and customers such as Compass, Crane, AMI Entertainment and others.
Visit the website at www.usatech.com.
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VP Corp. Comm. & Investor
Source: USA Technologies, Inc.
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