Who we are
USA Technologies was founded in 1992. The Company is recognized as a leading provider of wireless, cashless, micro-transactions and networking services. USA Technologies' services make available unattended credit card payment technology and networking of distributed assets in a variety of industries including vending, hospitality, commercial laundry and energy management.
Inside the industry.
In an effort to continually improve and enhance our product and service offerings we have acquired two companies. In May 2002, we acquired Stitch Networks, a wholly owned subsidiary and operator of M2M services in the laundry and vending industries. In July 2003, we acquired the assets of Bayview Technology Group, an energy management equipment provider in the vending industry and several other industries.
Inside technology.
The Company's patented technology for unattended credit card operated equipment was first implemented in USA Technologies' Business Express®. This technology enables self-service business centers where users can activate and pay for the use of personal computers, copy machines, printers and fax machines using their credit card.
This technology was built on a thin-client architecture, which is where centralized processing, storage, and applications occur on a server rather then at each end point. This thin-client architecture has enabled the Company to network a wide variety of everyday devices, such as vending machines and commercial washers and dryers.
Inside business.
The Company's customers include some of the world's strongest brands such as Marriott Hotels, Sony Electronics, Canteen, Aramark, PepsiCo and Coca-Cola. Others include Best Western, Promus Hotel Corporation (Doubletree, Red Lion, Hampton, Embassy Suites) and Holiday Inn.
USA Technologies has been granted more than 60 patents.