QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 5, May 2013, Posted On: 4/22/2013


USA Technologies Expands Credit Line


Emily Jed
Emily@vendingtimes.net
TAGS: vending machine payments, cashless vending, USA Technologies Inc., USAT credit line, Avidbank Corporate Finance, David M. DeMedio, ePort POS terminal, ePort Connect service, small-ticket sales.

MALVERN, PA -- USA Technologies Inc. said it has renewed and increased its line of credit with Avidbank Corporate Finance. The agreement increases the amount available under the credit line from $3 million to $5 million, and renews it for another 12 months.

USAT chief financial officer David M. DeMedio said the company's access to more capital and improvements in cash-generating operations over the past year will help it "execute its growth platforms."

USAT's flagship products are the ePort cashless payment system and the ePort Connect service, a PCI-compliant suite of cashless payment, telemetry and consumer-engagement services for unattended, small-ticket sales.


Topic: Vending Features

Articles:
  • Patterson Co. Acquires Suchart Vend Brokerage
  • NY Lawmaker Wants To Ban Large-Size Soda Sales To Minors
  • Moneris Completes EMV Certification Of Verifone's Unattended Payment Solutions
  • Connecticut's Vending Association To Host Oct. 8 Golf Outing And Dinner
  • FTC Charges Vemma Is Pyramid Scheme; Lawsuit Temporarily Shuts Down Energy Drink Maker

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570