Vendors Exchange and USA Technologies Partner to Launch the VE Kiosk

CLEVELAND, April 18, 2017 /PRNewswire/ -- Vendors Exchange (VE), an industry leader in quality, value-based vending solutions for the convenience marketplace is partnering with USA Technologies (USAT) an innovator in next generation payment technology and provider of cashless and mobile transactions in self-serve retail, to create the VE Kiosk platform.

"We wanted to allow our customers to utilize their existing back-end Vend Management Systems (VMS) to control the VE Kiosk," says Matt Shene, President of Vendors Exchange. "Today, our customers have two different systems to manage their micro-markets and vending machines, which causes unnecessary work due to two different channels."

The VE Kiosk was built on the premise that helping operators save time and money, by using systems they are familiar with, was a more efficient way to manage their business. This partnership leverages both USAT's credit card processing expertise and the MORE. Loyalty Program, within the construct of the VE Kiosk. USAT's advanced processing platform, ePort® Connect, enables the device to leverage fast, safe and secure credit card transactions along with the More. Loyalty platform, providing added discounts and rewards to consumers that help to drive repeat business and create the consumer "stickiness" that traditional retailers use in home baked loyalty strategy. Built-in loyalty helps develop the one-to-one relationships with consumers that unattended operators previously had no access to with the opportunity to create connections directly between CPG retailers and the consumers that buy their products.  

"Today's consumers, Millennials in particular want convenience when making a purchase," said Michael K. Lawlor, Chief Services Officer, USA Technologies. "The ability to make a purchase with a swipe and at the same time earn loyalty points, gives operators the ability to engage with customers in the moment, at the point of sale. We are thrilled to be integrating our ePort® Connect Platform with Vendors Exchange solutions."

About Vendors Exchange:
Vendors Exchange is the market leader in high quality, value-based solutions for the vending industry, ranging from remanufactured vending equipment to replacement parts, graphics to electronic repair. Through a culture of innovation, they continue to introduce breakthrough advances such as the Revision^® Door, Curve^™ and UCB^™. For more information about Vendors Exchange, please visit www.veii.com.

About USA Technologies
USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G-series, ePort® Connect, ePort® Interactive, QuickConnect, an API Web service for developers, and MORE., a customizable loyalty program. USA Technologies has 77 United States and foreign patents in force; and has agreements with Verizon, Visa, Chase Paymentech and customers such as Compass, AMI Entertainment and others. For more information, please visit the website at www.usatech.com.

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SOURCE Vendors Exchange International, Inc.