MALVERN, Pa. & ATLANTA--(BUSINESS WIRE)--USA Technologies, Inc. (NASDAQ: USAT), a solutions provider of secure cashless transactions for small ticket, self-serve retailing industries, and Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of The Coca-Cola Company (NYSE:KO), announced today that they have resolved their outstanding billing dispute, and are pleased to have concluded this matter.
“We value our business relationship with Coca-Cola Refreshments and the Coca-Cola system,” said Stephen P. Herbert, Chief Executive Officer of USA Technologies. “USA Technologies and Coca-Cola Refreshments have worked together as pioneers to bring cashless payment and related services to the vending marketplace.”
“For more than ten years Coca-Cola Refreshments and USA Technologies, Inc. have collaborated to drive the use of cashless payment in the vending industry,” stated a spokesperson for Coca-Cola Refreshments. “We look forward to our continuing relationship with USA Technologies, a valid, authorized supplier to Coca-Cola Refreshments and the Coca-Cola system."
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, one of the world's most valuable and recognizable brands, our Company's portfolio features 17 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of 1.9 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.
About USA Technologies
USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company's flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries. USA Technologies also provides a broad line of cashless acceptance technologies including its NFC- enabled contactless ePort® G-series, ePort Mobile™ for customers on the go, and QuickConnect, an API Web service for developers. USA Technologies has been granted 87 patents and has agreements with Verizon, Visa, Elavon and customers such as Compass, AMI Entertainment and others. Visit the website at www.usatech.com.