QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

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

USA Technologies Expands Credit Line

Emily Jed
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

  • Metropoulos & Co. To Invest In Utz Quality Foods
  • Burch Food Service Expands Relationship with USA Technologies; Sees One-Year 17% Topline Growth In Transaction Dollars
  • Danielle Lee Wins Scholarship To Vending Industry Development Program
  • Gimme Vending Research Suggests Mobile App Reduces Out-Of-Stocks, Increases Top-Line Profits
  • Tri-State Vending Group Files Comments Opposing Philadelphia Beverage Tax

Copyright © 2016 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