USA Technologies and Five Star Food Service Announce Large-Scale Cashless Payments Roll out
finance.yahoo.com
Five Star Food Service is a full-service vending and micro-markets, office refreshment services and corporate dining company. They are also the largest Canteen franchisee in the United States.
USAT and Five Star Food Service completed the installation of an initial 3,000 ePorts, and the companies have been working together on a continued, rolling installation schedule for an additional 3,000 ePorts over the next few months for a total of 6,000.
“Five Star was an early adopter of cashless payments technology. We partnered with USA Technologies because of their leadership in the market, and their ability to assist us with deployment planning and performance reporting to ensure we were getting the most from our investment,” said Alan Recher, President and CEO of Five Star Food Services. “We realized that, in order to capture every sale, increase margins and effectively compete in today’s cashless world, we needed to accelerate our deployment and move forward quickly to install ePorts on more of our machines. USAT has been guiding and supporting us every step of the way, and we are already seeing great results.”
Analysis of the first three months, post–installation, shows that Five Star Food Service is already logging a 17% year-over-year increase in top line sales – both cash and cashless – on the approximately 2,500 machines that were recently connected to the ePort Connect Service. |
