As a die hard idea guy I love when a trend develops that has merit and investment riches can be made from it. Such a trend may be happening with cashless vending machines. Just point your mastercard and buy instantly. So far three major US bottling companies have converted to cashless and contactless vending in recent months. Something you may not have read in the business pages! > There is a nice play here USA Technologies who's shares leap on deal with Coca-Cola Bottling
>> shares leapt 20% to $10.00 in Monday morning trade after the company announced that Coca-Cola Bottling Company United Inc. has begun equipping its vending machines with USA Technologies' e-Port G6 to accept MasterCard PayPass payments. The cashless vending machines will be deployed by Coca-Cola United in multiple markets, reaching consumers from Atlanta to Baton Rouge, La.
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, and ZiLOG Corporation.
USAT has enjoyed a nice run, bumping up on each positive new announcement about various vending machine suppliers turning machines over to this technology. But look at that marketing agreement with Cingular-- think about that cell phones that you point and buy with. Ahem. Kids alert* Swiping speed flashing like a badge all = cool. the fact that mastercard is leading the roll out also says something about the security kinks being very well looked at. I have seen the future and it is upon us.
Everyone- take a look at what USAT have done since their IPO in March> just read the news flow. It's staggering how well these guys have a plan. IPO, mastercard deal, COKE machine rollout, click click click. It's like this company was held back until they IPO'd-- all very interesting. This could be a major tech trend caught at the very beginning. USAT is worth a strong look as not only a stock but a Trend Starter. ~ stoney
>> shares leapt 20% to $10.00 in Monday morning trade after the company announced that Coca-Cola Bottling Company United Inc. has begun equipping its vending machines with USA Technologies' e-Port G6 to accept MasterCard PayPass payments. The cashless vending machines will be deployed by Coca-Cola United in multiple markets, reaching consumers from Atlanta to Baton Rouge, La.
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, and ZiLOG Corporation.
USAT has enjoyed a nice run, bumping up on each positive new announcement about various vending machine suppliers turning machines over to this technology. But look at that marketing agreement with Cingular-- think about that cell phones that you point and buy with. Ahem. Kids alert* Swiping speed flashing like a badge all = cool. the fact that mastercard is leading the roll out also says something about the security kinks being very well looked at. I have seen the future and it is upon us.
Everyone- take a look at what USAT have done since their IPO in March> just read the news flow. It's staggering how well these guys have a plan. IPO, mastercard deal, COKE machine rollout, click click click. It's like this company was held back until they IPO'd-- all very interesting. This could be a major tech trend caught at the very beginning. USAT is worth a strong look as not only a stock but a Trend Starter. ~ stoney
I'm in!