USA Technologies and Chase Commerce Solutions have announced a partnership that entails a multi-year agreement to help self-service retailers use USAT’s cashless payments service, while at the same time expanding the reach of Chase Commerce’s payment processing.
USA Technologies provides wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries, and Chase Commerce is a global payment processing, merchant acquiring and offers business of JPMorgan Chase.
“There is an evolution happening in the way that both consumers and merchants handle money and it begins with mobile and cashless payment technology,” stated Dave DeMedio, chief financial officer of USA Technologies. “We have helped thousands of small-ticket self-serve retail merchants to seamlessly make a transition to cashless payments, and there is still much growth opportunity in the space. This strategic relationship represents the first step with Chase Commerce Solutions toward expanding our footprint through leveraging inherent economies of scale.”
In a joint release from the companies about the strategic partnership, it was noted that USAT and Chase Commerce believe the relationship “brings greater opportunities for USAT to scale more rapidly, and to expand its product lines into new domestic and global verticals and markets, while providing Chase Commerce Solutions inroads into the self-service retail markets.”
“We continue to enable commerce through a simple, secure payment experience for consumers and for our business clients,” said Kimberly Fitzsimmons, U.S. Market President for Chase Commerce Solutions. “We are pleased to work with USA Technologies, a market leader in this important and rapidly emerging space to accept all types of payments easily and securely.”