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{{Short description|American financial services company}}
{{Multiple issues|
{{cleanup|date=November 2010}}
{{advert|date=March 2011}}
{{advert|date=March 2011}}
}}

{{Infobox company
{{Infobox company
|name = USA Technologies Inc.
| name = Cantaloupe, Inc.
| logo = Cantaloupe_logo.svg
|logo = [[File:USA Technologies logo.jpg]]
| former_name = USA Technologies Inc.
|type = Public
| type = [[Public company|Public]]
|traded_as = {{NASDAQ|USAT}}
| traded_as = {{NASDAQ|CTLP}}
|industry = [[Point of sale]] software
| industry = [[Point of sale]] software
|key_people = Stephen P. Herbert President, Chairman and CEO<ref name=key2011/>
| key_people = Sean Feeney ([[Chief executive officer|CEO]])<ref name="Bloomberg2021">{{cite web |title=Cantaloupe Inc - Company Profile and News - Bloomberg Markets |url=https://www.bloomberg.com/profile/company/USAT:US |website=www.bloomberg.com |publisher=Bloomberg |access-date=21 May 2021}}</ref>
|foundation = Pennsylvania, 1992
|location_city = [[Malvern, Pennsylvania|Malvern]], [[Pennsylvania]]
| foundation = {{start date and age|1992}}, in [[Pennsylvania]], US
| location_city = [[Malvern, Pennsylvania|Malvern]], [[Pennsylvania]]
|location_country = United States<ref>{{cite web |url=http://www.usatech.com/company_info/contact.php |title=Contact USA Technologies |publisher=USA Technologies |accessdate=15 November 2012}}</ref>
| location_country = United States<ref>{{cite web |url=http://www.usatech.com/company_info/contact.php |title=Contact USA Technologies |publisher=USA Technologies |access-date=15 November 2012}}</ref>
|products = ePort<br />ePort Mobile<br />ePort Online<br />MORE, a loyalty and Prepaid Consumer Engagement system<br /> Quickconnect Web Services <br />EnergyMiser<br /> and more...
| products = {{ubl|ePort|ePort Mobile|ePort Online|MORE, a loyalty and Prepaid Consumer Engagement system|Quickconnect Web Services|EnergyMiser|''and more''}}
⚫
|website = {{url|www.usatech.com}}
| num_employees = 150 <ref name="Bloomberg2021" />
⚫
| website = {{URL|www.cantaloupe.com}}
}}
}}


'''USA Technologies Inc.''' is an American company known for its work with [[Fibre Channel|ePort cashless acceptance technology]] running on their patented ePort Connect service a [[Payment Card Industry|PCI]] compliant, comprehensive suite of services designed specifically for the self serve, unattended market. ePort Connect wirelessly facilitates electronic payment options to consumers (so that payment can be made with credit, debit, or [[Near field communication|NFC]] enabled electronic wallets like [[Apple Pay]] and [[Android Pay]]) while providing operators with both [[telemetry]] and machine-to-machine (M2M) services. ePort technology is primarily found in [[vending machines]], [[kiosks]] and [[point-of-sale]] (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices. The company also produced other technology to address needs within the unattended industry such as the More Prepaid and Loyalty consumer engage program, ePort beacon, facilitating Bluetooth payment options, and the EnergyMiser, a device that reduces the energy consumption of vending machines.<ref name="usatech8">{{cite web|url=http://www.usatech.com/energy_management/index.php |title=USA Technologies :: Energy Management |publisher=Usatech.com |date= |accessdate=2010-10-23}}</ref><ref name="accessmylibrary1">{{cite web|url=http://www.accessmylibrary.com/article-1G1-202305623/usa-technologies-energymiser-hot.html |title=Article: USA Technologies: EnergyMiser 'hot green' product as nation turns to... &#124; AccessMyLibrary - Promoting library advocacy |publisher=AccessMyLibrary |date=2009-02-01 |accessdate=2010-10-23}}</ref><ref name="goodcleantech2007">{{cite web|url=http://www.goodcleantech.com/2007/10/energymiser_for_vendiing_machin.php |title=EnergyMiser for Vending Machines Cuts Energy Costs, CO2 |publisher=GoodCleanTech |date=2007-10-10 |accessdate=2010-10-23}}</ref><ref>{{cite web|url=http://electricalline.com/node/429 |title=EnergyMiser, A ‘Hot Green’ Product As North America Turns To Intelligent Solutions To Conserve Energy &#124; Electrical Line Magazine - Canada's Electrical Trade Publication |publisher=Electricalline.com |date= |accessdate=2010-10-23}}</ref>
'''Cantaloupe, Inc.''', previously known as '''USA Technologies Inc.''', is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a [[Payment Card Industry|PCI]] compliant services. ePort Connect wirelessly facilitates electronic payment options to consumers with credit, debit, or [[Near field communication|NFC]] enabled electronic wallets like [[Apple Pay]] and [[Google Pay (payment method)|Google Pay]] while providing operators with both [[telemetry]] and machine-to-machine (M2M) services. ePort technology is primarily found in [[vending machines]], [[kiosks]] and [[point-of-sale]] (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices.<ref name="usatech8">{{cite web |url=http://www.usatech.com/energy_management/index.php |title=USA Technologies :: Energy Management |publisher=Usatech.com |access-date=2010-10-23 |archive-url=https://web.archive.org/web/20110422174114/http://usatech.com/energy_management/index.php |archive-date=2011-04-22 |url-status=dead }}</ref><ref name="accessmylibrary1">{{cite web|url=http://www.accessmylibrary.com/article-1G1-202305623/usa-technologies-energymiser-hot.html |title=Article: USA Technologies: EnergyMiser 'hot green' product as nation turns to... &#124; AccessMyLibrary - Promoting library advocacy |publisher=AccessMyLibrary |date=2009-02-01 |access-date=2010-10-23}}</ref><ref name="goodcleantech2007">{{cite web|url=http://www.goodcleantech.com/2007/10/energymiser_for_vendiing_machin.php |title=EnergyMiser for Vending Machines Cuts Energy Costs, {{CO2}} |publisher=GoodCleanTech |date=2007-10-10 |access-date=2010-10-23}}</ref><ref>{{cite web|url=http://electricalline.com/node/429 |title=EnergyMiser, A 'Hot Green' Product As North America Turns To Intelligent Solutions To Conserve Energy &#124; Electrical Line Magazine - Canada's Electrical Trade Publication |publisher=Electricalline.com |date= |access-date=2010-10-23}}</ref>


==History==
==History==
USA Technologies was founded in 1992 and holds more than 87 patents on their products and services. USAT's patents pertain to all aspects of their industry, ranging from payment processing, transaction methods, and terminal connection methods, to energy management and telematics.<ref name="usatech3">{{cite web|url=http://www.usatech.com/company_info/overview_ip.php |title=USA Technologies :: Company Overview |publisher=Usatech.com |date= |accessdate=2010-10-23}}</ref> There currently are over 250,000 connections to its ePort Connect Service.<ref>{{cite web|url=https://www.vendingtimes.com/ME2/dirmod.asp?nm=Vending+Features&type=Publishing&mod=Publications::Article&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=A71A7D15362A4CF78E97DC2C84322D28|title=USA Technologies Celebrates Cashless Adoption in Self-Serve Retail with a Milestone 250,000 Connections to its ePort Connect Service - Articles - Vending Times|website=www.vendingtimes.com}}</ref>
USA Technologies was founded in 1992 and holds more than 87 patents on its products and services. Its patents range from payment processing, transaction methods, and terminal connection methods to energy management and telematics.<ref name="usatech3">{{cite web|url=http://www.usatech.com/company_info/overview_ip.php |title=USA Technologies :: Company Overview |publisher=Usatech.com |date= |access-date=2010-10-23}}</ref> There are currently over 250,000 connections to its ePort Connect Service.<ref>{{cite web|url=https://www.vendingtimes.com/ME2/dirmod.asp?nm=Vending+Features&type=Publishing&mod=Publications::Article&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=A71A7D15362A4CF78E97DC2C84322D28|title=USA Technologies Celebrates Cashless Adoption in Self-Serve Retail with a Milestone 250,000 Connections to its ePort Connect Service - Articles - Vending Times|website=www.vendingtimes.com}}</ref> The company was named in Deloitte L.L.P.'s 2014 Technology Fast 500 List of the fastest-growing companies in North America.<ref>{{Cite web |last=Development |first=Deliotte |title=Deloitte's 2014 Technology Fast 500 Powerful Connections |url=https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast-500-2014-winners-brochure-121114.pdf}}</ref><ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=883604|title=USA Technologies Ranked On Deloitte's 2014 Technology Fast 500™|publisher=|access-date=5 January 2015}}</ref> They worked with Setomatic Systems to be the first to bring NFC technology into the [[Self-service laundry|self-service laundry market]]<ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=872029|title=USA Technologies, Setomatic Systems Bring NFC-Based Mobile Payment and Loyalty Program to Commercial Laundry Market|publisher=|access-date=5 January 2015}}</ref> The Nilson Report ranked USA Technologies 6th in the US (and 28th worldwide) in POS shipments,<ref name="usatech.com">{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=860414|title=The Nilson Report Ranks USA Technologies 6th in U.S. and 28th in Worldwide POS Terminal Shipments for 2013|publisher=|access-date=5 January 2015}}</ref> and they received the 2014 [[Frost & Sullivan]] North American Customer Value Leadership Award in Financial Services and Retail M2M Communications.<ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=845982|title=USA Technologies Receives Frost & Sullivan's 2014 North American Customer Value Leadership Award in Financial Services and Retail M2M Communications|publisher=|access-date=5 January 2015}}</ref>
More recently, the company was named to Deloitte L.L.P’s 2014 Technology Fast 500 List of the fastest growing companies in North America.<ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=883604|title=USA Technologies Ranked On Deloitte's 2014 Technology Fast 500™|publisher=|accessdate=5 January 2015}}</ref> they worked with Setomatic Systems to be the first to bring NFC technology in the Self Service Laundry market <ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=872029|title=USA Technologies, Setomatic Systems Bring NFC-Based Mobile Payment and Loyalty Program to Commercial Laundry Market|publisher=|accessdate=5 January 2015}}</ref> The Nilson Report ranked USA Technologies 6th in US (and 28th Worldwide) in POS shipments <ref name="usatech.com">{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=860414|title=The Nilson Report Ranks USA Technologies 6th in U.S. and 28th in Worldwide POS Terminal Shipments for 2013|publisher=|accessdate=5 January 2015}}</ref> and they received the 2014 Frost and Sullivan North American Customer Value Leadership Award in Financial Services and Retail M2M Communications.<ref>{{cite web|url=http://investor.usatech.com/releasedetail.cfm?ReleaseID=845982|title=USA Technologies Receives Frost & Sullivan's 2014 North American Customer Value Leadership Award in Financial Services and Retail M2M Communications|publisher=|accessdate=5 January 2015}}</ref>


In 2010, a [[proxy fight]] for the company's board of directors took place with shareholder group SAVE Partners.<ref>{{cite web |url=http://articles.philly.com/2012-05-23/business/31826981_1_airgas-proxy-slate-of-board-candidates |title=USA Technologies faces second proxy fight in three years |website=The Philadelphia Inquirer |last=Armstrong |first=Michael |date=23 May 2012 |accessdate=12 November 2012}}</ref> This proxy fight ended with the addition of two SAVE Board candidates and modification of company policies.<ref>{{cite web |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4b.UpOMzjGs |title=USA Technologies and SAVE Announce Settlement of Proxy Contest |publisher=Bloomberg |date=5 February 2010 |accessdate=12 November 2012}}</ref> In 2012, there was another proxy fight involving SAVE, but this dispute resulted in no change to the board.<ref>{{cite web |url=http://www.bizjournals.com/philadelphia/blog/peter-key/2012/06/shareholders-group-disputes-usa.html |title=Shareholders group disputes USA Technologies’ proxy victory |last=Key |first=Peter |publisher=Philadelphia Business Journal |date=28 June 2012 |accessdate=12 November 2012}}</ref>
In 2010, a [[proxy fight]] for the company's board of directors took place with shareholder group SAVE Partners.<ref>{{cite web |url=http://articles.philly.com/2012-05-23/business/31826981_1_airgas-proxy-slate-of-board-candidates |archive-url=https://web.archive.org/web/20150105214202/http://articles.philly.com/2012-05-23/business/31826981_1_airgas-proxy-slate-of-board-candidates |url-status=dead |archive-date=January 5, 2015 |title=USA Technologies faces second proxy fight in three years |website=The Philadelphia Inquirer |last=Armstrong |first=Michael |date=23 May 2012 |access-date=12 November 2012}}</ref> This proxy fight ended with the addition of two SAVE Board candidates and the modification of company policies.<ref>{{cite web |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4b.UpOMzjGs |title=USA Technologies and SAVE Announce Settlement of Proxy Contest |publisher=Bloomberg |date=5 February 2010 |access-date=12 November 2012}}</ref> In 2012, there was another proxy fight involving SAVE, but this dispute resulted in no change to the board.<ref>{{cite web |url=http://www.bizjournals.com/philadelphia/blog/peter-key/2012/06/shareholders-group-disputes-usa.html |title=Shareholders group disputes USA Technologies' proxy victory |last=Key |first=Peter |publisher=Philadelphia Business Journal |date=28 June 2012 |access-date=12 November 2012}}</ref>


USA Technologies' CEO George Jensen resigned in October 2011 after he was revealed to be posting company information to an investor board.<ref name=key2011>{{Citation
USA Technologies' CEO George Jensen was suspended on 4 October 2011, after he was revealed to be posting company information to an investor board and resigned two weeks later.<ref name=key2011>{{Citation
|author=Peter Key |publication-date=14 October 2011 |title=USA Technologies suspends CEO over alleged Internet posts |periodical=[[Philadelphia Business Journal]] |at=biz journals.com |url=http://www.bizjournals.com/philadelphia/news/2011/10/14/usa-technologies-suspends-ceo-over.html?ed=2011-10-15&s=article_du&ana=e_du_wknd&u=xEaE3v2QU4nim7weCeMAOwMSu5t |accessdate=18 February 2013 }}</ref><ref>{{cite web |url=http://www.foxbusiness.com/technology/2011/10/19/usa-technologies-says-ceo-dismissed-over-online-posts/ |title=USA Technologies Says CEO Dismissed Over Online Posts |publisher=Fox Business |last=Booton |first=Jennifer |date=19 October 2011 |accessdate=12 November 2012}}</ref> Stephen Herbert was subsequently appointed as CEO and has been spearheading USA Technologies subsequent growth.<ref name=key2011/><ref>{{cite web|last1=US Securities & Exchange Commission|title=USA Technologies Form 8-K|url=http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=8190925&companyid=9834&ppu=%252fdefault.aspx%253fcik%253d896429|publisher=Edgar Online|accessdate=18 September 2014}}</ref>
|author=Peter Key |publication-date=14 October 2011 |title=USA Technologies suspends CEO over alleged Internet posts |periodical=[[Philadelphia Business Journal]] |at=biz journals.com |url=http://www.bizjournals.com/philadelphia/news/2011/10/14/usa-technologies-suspends-ceo-over.html?ed=2011-10-15&s=article_du&ana=e_du_wknd&u=xEaE3v2QU4nim7weCeMAOwMSu5t |access-date=18 February 2013 }}</ref><ref>{{cite web |url=http://www.foxbusiness.com/technology/2011/10/19/usa-technologies-says-ceo-dismissed-over-online-posts/ |title=USA Technologies Says CEO Dismissed Over Online Posts |publisher=Fox Business |last=Booton |first=Jennifer |date=19 October 2011 |access-date=12 November 2012 |archive-url=https://web.archive.org/web/20120923015435/http://www.foxbusiness.com/technology/2011/10/19/usa-technologies-says-ceo-dismissed-over-online-posts/ |archive-date=23 September 2012 |url-status=dead |df=dmy-all }}</ref> Stephen Herbert was appointed as CEO and held that position until he stepped down in 2019 due to the "start of a proxy battle brought by its largest investor", Hudson Executive Capital.<ref>{{Cite web |last=Blumenthal |first=Jeff |title=USA Technologies CEO resigns amid proxy fight |url=https://www.bizjournals.com/philadelphia/news/2019/10/17/usa-technologies-ceo-resigns-amid-proxy-fight.html}}</ref>

USA Technologies announced its name change to Cantaloupe, Inc. on 19 April 2021.<ref>{{cite web |title=USA Technologies Officially Launches as Cantaloupe, Inc. |url=https://www.businesswire.com/news/home/20210419005166/en/USA-Technologies-Officially-Launches-as-Cantaloupe-Inc. |website=www.businesswire.com |access-date=21 May 2021 |language=en |date=2021-04-19}}</ref><ref>{{Cite web |title=StackPath |url=https://www.vendingmarketwatch.com/home/news/21218998/usa-technologies-officially-launches-as-cantaloupe-inc-under-nasdaq-ticker-ctlp |access-date=2022-03-25 |website=www.vendingmarketwatch.com|date=19 April 2021 }}</ref>


==Products==
==Products==
USA Technologies' primary product is the ePort, a cashless [[payment terminal]] for vending machines, kiosks, and POS terminals. The ePort EDGE accepts magnetic swipe cards, and the ePort G8 & G9 series also accept contactless cards, [[Key fob#Access control key fobs|FOB]], [[Personal identification number|PIN]], and virtual wallets such as Apple Pay and Softcard.<ref name="usatech4">{{cite web|url=http://www.usatech.com/eport/index.php |title=USA Technologies :: ePort |publisher=Usatech.com |date= |accessdate=2010-10-23}}</ref><ref name="vendingtimes1">{{cite web|url=http://www.vendingtimes.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications::Article&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=9A581CEE36724F7E898D753A1916811C |title=USAT Enhances ePort Connect, Launches Deployment Consulting Service &#124; Articles &#124; Vending Times Inc |publisher=Vendingtimes.net |date=2009-04-22 |accessdate=2010-10-23}}</ref><ref name="nytimes1">{{cite web|last=Levere |first=Jane L. |url=http://topics.nytimes.com/topics/news/business/companies/usa-technologies-inc/index.html |title=USA Technologies Inc. News - The New York Times |publisher=Topics.nytimes.com |date= |accessdate=2010-10-23}}</ref><ref>{{cite web|url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=33074 |title=USA Technologies launches ePort wireless test kit |publisher=Finextra.com |date=2010-03-31 |accessdate=2010-10-23}}</ref><ref name="finextra1">{{cite web|url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=12701 |title=Mastercard and USA Technologies bring contactless payment to Cadbury Schweppes vending machines |publisher=Finextra.com |date=2006-12-21 |accessdate=2010-10-23}}</ref><ref name="tradingmarkets1">{{cite web|url=http://www.tradingmarkets.com/news/stock-alert/usat_vending-times-features-usa-technologies-and-pepi-food-services-1221161.html |title=Vending Times Features USA Technologies and Pepi Food Services |publisher=TradingMarkets.com |date=2010-10-11 |accessdate=2010-10-23}}</ref>
Cantaloupe's primary product is the ePort, a cashless [[payment terminal]] for vending machines, kiosks, and POS terminals. The ePort EDGE accepts magnetic swipe cards, and the ePort G8 & G9 series also accept contactless cards, [[Key fob#Access control key fobs|FOB]], [[Personal identification number|PIN]], and virtual wallets such as Apple Pay and Softcard.<ref name="usatech4">{{cite web|url=http://www.usatech.com/eport/index.php |title=USA Technologies :: ePort |publisher=Usatech.com |date= |access-date=2010-10-23}}</ref><ref name="vendingtimes1">{{cite web|url=http://www.vendingtimes.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications::Article&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=9A581CEE36724F7E898D753A1916811C |title=USAT Enhances ePort Connect, Launches Deployment Consulting Service &#124; Articles &#124; Vending Times Inc |publisher=Vendingtimes.net |date=2009-04-22 |access-date=2010-10-23}}</ref><ref name="nytimes1">{{cite web|last=Levere |first=Jane L. |url=http://topics.nytimes.com/topics/news/business/companies/usa-technologies-inc/index.html |title=USA Technologies Inc. News - The New York Times |publisher=Topics.nytimes.com |date= |access-date=2010-10-23}}</ref><ref>{{cite web|url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=33074 |title=USA Technologies launches ePort wireless test kit |publisher=Finextra.com |date=2010-03-31 |access-date=2010-10-23}}</ref><ref name="finextra1">{{cite web|url=http://www.finextra.com/news/announcement.aspx?pressreleaseid=12701 |title=Mastercard and USA Technologies bring contactless payment to Cadbury Schweppes vending machines |publisher=Finextra.com |date=2006-12-21 |access-date=2010-10-23}}</ref><ref name="tradingmarkets1">{{cite web |url=http://www.tradingmarkets.com/news/stock-alert/usat_vending-times-features-usa-technologies-and-pepi-food-services-1221161.html |title=Vending Times Features USA Technologies and Pepi Food Services |publisher=TradingMarkets.com |date=2010-10-11 |access-date=2010-10-23 }}{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> It features an inclusive system for providing remote audits, cashless payment, and interactive transaction capabilities in a vending machine.<ref>{{Cite news|url=https://www.secureidnews.com/news-item/usa-technologies-awarded-key-vending-patent/|title=USA Technologies Awarded Key Vending Patent - SecureIDNews|work=SecureIDNews|access-date=2018-08-20|language=en-US}}</ref> In 2010, the ePort EDGE won the [[National Automatic Merchandising Association]] (NAMA) award for innovation in cashless vending technology.<ref name="vendingtimes2">{{cite web |url=http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=5DA62A60707C45B8A5F7F1BAE9899FF2 |title=NAMA Lauds Creativity With iSpot Awards For OneShow Exhibitors &#124; Articles &#124; Vending Features &#124; Vending Times Inc |publisher=Vendingtimes.com |date=2010-04-19 |access-date=2010-10-23 |archive-date=2010-04-25 |archive-url=https://web.archive.org/web/20100425065113/http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=5DA62A60707C45B8A5F7F1BAE9899FF2 |url-status=dead }}</ref><ref name="thefreelibrary1">{{cite web|url=http://www.thefreelibrary.com/ePort+EDGE,+Winner+of+the+2010+NAMA+Innovation+Award-a0225227179 |title=ePort EDGE, Winner of the 2010 NAMA Innovation Award. - Free Online Library |publisher=Thefreelibrary.com |date=2010-04-30 |access-date=2010-10-23}}</ref><ref name="tmcnet1">{{cite web |url=http://smart-products.tmcnet.com/topics/smart-products/articles/80119-usa-technologies-selects-telit-wireless-module-vending-device.htm |title=Smart Products &#124; USA Technologies Selects Telit Wireless' Module For Vending Device |publisher=Smart-products.tmcnet.com |access-date=2010-10-23 |url-status=dead |archive-url=https://web.archive.org/web/20100403080629/http://smart-products.tmcnet.com/topics/smart-products/articles/80119-usa-technologies-selects-telit-wireless-module-vending-device.htm |archive-date=2010-04-03 }}</ref>

In 2010, the ePort EDGE won the [[National Automatic Merchandising Association]] (NAMA) award for innovation in cashless vending technology.<ref name="vendingtimes2">{{cite web|url=http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=5DA62A60707C45B8A5F7F1BAE9899FF2 |title=NAMA Lauds Creativity With iSpot Awards For OneShow Exhibitors &#124; Articles &#124; Vending Features &#124; Vending Times Inc |publisher=Vendingtimes.com |date=2010-04-19 |accessdate=2010-10-23}}</ref><ref name="thefreelibrary1">{{cite web|url=http://www.thefreelibrary.com/ePort+EDGE,+Winner+of+the+2010+NAMA+Innovation+Award-a0225227179 |title=ePort EDGE, Winner of the 2010 NAMA Innovation Award. - Free Online Library |publisher=Thefreelibrary.com |date=2010-04-30 |accessdate=2010-10-23}}</ref><ref name="tmcnet1">{{cite web|url=http://smart-products.tmcnet.com/topics/smart-products/articles/80119-usa-technologies-selects-telit-wireless-module-vending-device.htm |title=Smart Products &#124; USA Technologies Selects Telit Wireless' Module For Vending Device |publisher=Smart-products.tmcnet.com |date= |accessdate=2010-10-23}}</ref> NAMA is the vending industry's national body.


Specific to vending machines, Cantaloupe holds over a dozen patents and have maintained partnerships with [[Mastercard|MasterCard Worldwide]],<ref>{{Cite news|url=https://www.cbsnews.com/news/coke-machines-go-cashless-with-mastercard/|title=Coke Machines Go Cashless with MasterCard|access-date=2018-08-20|language=en}}</ref> [[Dr Pepper|Dr. Pepper]]/[[7 Up|Seven Up]],<ref>{{Cite news|url=https://www.dailynews.com/2007/02/23/a-vending-machine-that-takes-plastic-priceless/|title=A vending machine that takes plastic: priceless|date=2007-02-23|work=Daily News|access-date=2018-08-20|language=en-US}}</ref> [[Kodak]], [[Zilog|ZiLOG]], CineMachine, MEI, and [[Wurlitzer]], among others.<ref>{{Cite book|title=Asia Unplugged: The Wireless and Mobile Media Boom in the Asia-Pacific|last1=Rao|first1=Madanmohan|last2=Mendoza|first2=Lunita|publisher=SAGE Publications|year=2005|isbn=0761932720|location=Thousand Oaks, CA|pages=176}}</ref>
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Recently, the company was ranked once again among the leading shippers of point-of-sale terminals by [[The Nilson Report]], a source of news and research on consumer payment systems worldwide. In 2013 the report ranked it 6th in POS shipments in the United States and 28th in the world.<ref name="usatech.com"/>(In 2009, they ranked 6th in the US and 31st in the world) <ref name="usatech5">{{cite web|url=http://www.usatech.com/company_info/news/usa_2010_09_08.php |title=USA Technologies Improves Ranking as Leading Global Shipper of POS Terminals :: USA Technologies News |publisher=Usatech.com |date= |accessdate=2010-10-23}}</ref><ref name="usatech6">{{cite web|url=http://www.usatech.com/company_info/news/usa_2008_10_24.php |title=Record Growth Ranks USA Technologies #6 in US, #26 Globally for POS Terminal Shipments in 2007 :: USA Technologies News |publisher=Usatech.com |date=2008-10-24 |accessdate=2010-10-23}}</ref><ref name="usatech7">{{cite web|url=http://www.usatech.com/company_info/dl/USAT_Nilson_Report_Oct08.pdf|title=USA Technologies » In the News »|website=www.usatech.com}}</ref>


⚫
The company has been ranked several times among the leading shippers of point-of-sale terminals by The Nilson Report, a source of news and research on consumer payment systems worldwide. In 2009, it ranked 6th in the US and 31st in the world.<ref name="usatech5">{{cite web|url=http://www.usatech.com/company_info/news/usa_2010_09_08.php |title=USA Technologies Improves Ranking as Leading Global Shipper of POS Terminals :: USA Technologies News |publisher=Usatech.com |date= |access-date=2010-10-23}}</ref><ref name="usatech6">{{cite web|url=http://www.usatech.com/company_info/news/usa_2008_10_24.php |title=Record Growth Ranks USA Technologies #6 in US, #26 Globally for POS Terminal Shipments in 2007 :: USA Technologies News |publisher=Usatech.com |date=2008-10-24 |access-date=2010-10-23}}</ref><ref name="usatech7">{{cite web|url=http://www.usatech.com/company_info/dl/USAT_Nilson_Report_Oct08.pdf|title=USA Technologies » In the News »|website=www.usatech.com}}</ref> In 2013, the report ranked 6th in point-of-sale shipments in the United States and 28th in the world.<ref name="usatech.com"/> Cantaloupe announced its expansion initiatives in Australia in June 2018.<ref>{{Cite news|url=https://www.businesswire.com/news/home/20180725005989/en/ADVAM-USA-Technologies-Launch-EMV-Payment-Solution|title=ADVAM and USA Technologies Launch EMV Payment Solution for Australian Vending Market|access-date=2018-08-20|language=en}}</ref>
The company started{{when|date=November 2012}} the Business Express, an online business center service for hotels and [[convention center]]s.<ref name="usatech10">{{cite web|url=http://www.usatech.com/business_express/ |title=USA Technologies :: Business Express |publisher=Usatech.com |date= |accessdate=2010-10-23}}</ref><ref name="answers1">{{cite web|url=http://www.answers.com/topic/usa-technologies-inc |title=USA Technologies Inc: Information from |publisher=Answers.com |date= |accessdate=2010-10-23}}</ref>


==References==
==References==
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[[Category:Software companies of the United States]]
[[Category:Software companies of the United States]]
[[Category:1992 establishments in Pennsylvania]]
[[Category:1992 establishments in Pennsylvania]]
[[Category:Companies listed on NASDAQ]]
[[Category:Companies listed on the Nasdaq]]

Latest revision as of 18:47, 31 October 2024

Cantaloupe, Inc.
FormerlyUSA Technologies Inc.
Company typePublic
Nasdaq: CTLP
IndustryPoint of sale software
Founded1992; 33 years ago (1992), in Pennsylvania, US
Headquarters
Malvern, Pennsylvania
,
United States[1]
Key people
Sean Feeney (CEO)[2]
Products
  • ePort
  • ePort Mobile
  • ePort Online
  • MORE, a loyalty and Prepaid Consumer Engagement system
  • Quickconnect Web Services
  • EnergyMiser
  • and more
Number of employees
150 [2]
Websitewww.cantaloupe.com

Cantaloupe, Inc., previously known as USA Technologies Inc., is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a PCI compliant services. ePort Connect wirelessly facilitates electronic payment options to consumers with credit, debit, or NFC enabled electronic wallets like Apple Pay and Google Pay while providing operators with both telemetry and machine-to-machine (M2M) services. ePort technology is primarily found in vending machines, kiosks and point-of-sale (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices.[3][4][5][6]

History

[edit]

USA Technologies was founded in 1992 and holds more than 87 patents on its products and services. Its patents range from payment processing, transaction methods, and terminal connection methods to energy management and telematics.[7] There are currently over 250,000 connections to its ePort Connect Service.[8] The company was named in Deloitte L.L.P.'s 2014 Technology Fast 500 List of the fastest-growing companies in North America.[9][10] They worked with Setomatic Systems to be the first to bring NFC technology into the self-service laundry market[11] The Nilson Report ranked USA Technologies 6th in the US (and 28th worldwide) in POS shipments,[12] and they received the 2014 Frost & Sullivan North American Customer Value Leadership Award in Financial Services and Retail M2M Communications.[13]

In 2010, a proxy fight for the company's board of directors took place with shareholder group SAVE Partners.[14] This proxy fight ended with the addition of two SAVE Board candidates and the modification of company policies.[15] In 2012, there was another proxy fight involving SAVE, but this dispute resulted in no change to the board.[16]

USA Technologies' CEO George Jensen was suspended on 4 October 2011, after he was revealed to be posting company information to an investor board and resigned two weeks later.[17][18] Stephen Herbert was appointed as CEO and held that position until he stepped down in 2019 due to the "start of a proxy battle brought by its largest investor", Hudson Executive Capital.[19]

USA Technologies announced its name change to Cantaloupe, Inc. on 19 April 2021.[20][21]

Products

[edit]

Cantaloupe's primary product is the ePort, a cashless payment terminal for vending machines, kiosks, and POS terminals. The ePort EDGE accepts magnetic swipe cards, and the ePort G8 & G9 series also accept contactless cards, FOB, PIN, and virtual wallets such as Apple Pay and Softcard.[22][23][24][25][26][27] It features an inclusive system for providing remote audits, cashless payment, and interactive transaction capabilities in a vending machine.[28] In 2010, the ePort EDGE won the National Automatic Merchandising Association (NAMA) award for innovation in cashless vending technology.[29][30][31]

Specific to vending machines, Cantaloupe holds over a dozen patents and have maintained partnerships with MasterCard Worldwide,[32] Dr. Pepper/Seven Up,[33] Kodak, ZiLOG, CineMachine, MEI, and Wurlitzer, among others.[34]

The company has been ranked several times among the leading shippers of point-of-sale terminals by The Nilson Report, a source of news and research on consumer payment systems worldwide. In 2009, it ranked 6th in the US and 31st in the world.[35][36][37] In 2013, the report ranked 6th in point-of-sale shipments in the United States and 28th in the world.[12] Cantaloupe announced its expansion initiatives in Australia in June 2018.[38]

References

[edit]
  1. ^ "Contact USA Technologies". USA Technologies. Retrieved 15 November 2012.
  2. ^ a b "Cantaloupe Inc - Company Profile and News - Bloomberg Markets". www.bloomberg.com. Bloomberg. Retrieved 21 May 2021.
  3. ^ "USA Technologies :: Energy Management". Usatech.com. Archived from the original on 2011-04-22. Retrieved 2010-10-23.
  4. ^ "Article: USA Technologies: EnergyMiser 'hot green' product as nation turns to... | AccessMyLibrary - Promoting library advocacy". AccessMyLibrary. 2009-02-01. Retrieved 2010-10-23.
  5. ^ "EnergyMiser for Vending Machines Cuts Energy Costs, CO2". GoodCleanTech. 2007-10-10. Retrieved 2010-10-23.
  6. ^ "EnergyMiser, A 'Hot Green' Product As North America Turns To Intelligent Solutions To Conserve Energy | Electrical Line Magazine - Canada's Electrical Trade Publication". Electricalline.com. Retrieved 2010-10-23.
  7. ^ "USA Technologies :: Company Overview". Usatech.com. Retrieved 2010-10-23.
  8. ^ "USA Technologies Celebrates Cashless Adoption in Self-Serve Retail with a Milestone 250,000 Connections to its ePort Connect Service - Articles - Vending Times". www.vendingtimes.com.
  9. ^ Development, Deliotte. "Deloitte's 2014 Technology Fast 500 Powerful Connections" (PDF).
  10. ^ "USA Technologies Ranked On Deloitte's 2014 Technology Fast 500™". Retrieved 5 January 2015.
  11. ^ "USA Technologies, Setomatic Systems Bring NFC-Based Mobile Payment and Loyalty Program to Commercial Laundry Market". Retrieved 5 January 2015.
  12. ^ a b "The Nilson Report Ranks USA Technologies 6th in U.S. and 28th in Worldwide POS Terminal Shipments for 2013". Retrieved 5 January 2015.
  13. ^ "USA Technologies Receives Frost & Sullivan's 2014 North American Customer Value Leadership Award in Financial Services and Retail M2M Communications". Retrieved 5 January 2015.
  14. ^ Armstrong, Michael (23 May 2012). "USA Technologies faces second proxy fight in three years". The Philadelphia Inquirer. Archived from the original on January 5, 2015. Retrieved 12 November 2012.
  15. ^ "USA Technologies and SAVE Announce Settlement of Proxy Contest". Bloomberg. 5 February 2010. Retrieved 12 November 2012.
  16. ^ Key, Peter (28 June 2012). "Shareholders group disputes USA Technologies' proxy victory". Philadelphia Business Journal. Retrieved 12 November 2012.
  17. ^ Peter Key (14 October 2011), "USA Technologies suspends CEO over alleged Internet posts", Philadelphia Business Journal, biz journals.com, retrieved 18 February 2013
  18. ^ Booton, Jennifer (19 October 2011). "USA Technologies Says CEO Dismissed Over Online Posts". Fox Business. Archived from the original on 23 September 2012. Retrieved 12 November 2012.
  19. ^ Blumenthal, Jeff. "USA Technologies CEO resigns amid proxy fight".
  20. ^ "USA Technologies Officially Launches as Cantaloupe, Inc". www.businesswire.com. 2021-04-19. Retrieved 21 May 2021.
  21. ^ "StackPath". www.vendingmarketwatch.com. 19 April 2021. Retrieved 2022-03-25.
  22. ^ "USA Technologies :: ePort". Usatech.com. Retrieved 2010-10-23.
  23. ^ "USAT Enhances ePort Connect, Launches Deployment Consulting Service | Articles | Vending Times Inc". Vendingtimes.net. 2009-04-22. Retrieved 2010-10-23.
  24. ^ Levere, Jane L. "USA Technologies Inc. News - The New York Times". Topics.nytimes.com. Retrieved 2010-10-23.
  25. ^ "USA Technologies launches ePort wireless test kit". Finextra.com. 2010-03-31. Retrieved 2010-10-23.
  26. ^ "Mastercard and USA Technologies bring contactless payment to Cadbury Schweppes vending machines". Finextra.com. 2006-12-21. Retrieved 2010-10-23.
  27. ^ "Vending Times Features USA Technologies and Pepi Food Services". TradingMarkets.com. 2010-10-11. Retrieved 2010-10-23.[permanent dead link‍]
  28. ^ "USA Technologies Awarded Key Vending Patent - SecureIDNews". SecureIDNews. Retrieved 2018-08-20.
  29. ^ "NAMA Lauds Creativity With iSpot Awards For OneShow Exhibitors | Articles | Vending Features | Vending Times Inc". Vendingtimes.com. 2010-04-19. Archived from the original on 2010-04-25. Retrieved 2010-10-23.
  30. ^ "ePort EDGE, Winner of the 2010 NAMA Innovation Award. - Free Online Library". Thefreelibrary.com. 2010-04-30. Retrieved 2010-10-23.
  31. ^ "Smart Products | USA Technologies Selects Telit Wireless' Module For Vending Device". Smart-products.tmcnet.com. Archived from the original on 2010-04-03. Retrieved 2010-10-23.
  32. ^ "Coke Machines Go Cashless with MasterCard". Retrieved 2018-08-20.
  33. ^ "A vending machine that takes plastic: priceless". Daily News. 2007-02-23. Retrieved 2018-08-20.
  34. ^ Rao, Madanmohan; Mendoza, Lunita (2005). Asia Unplugged: The Wireless and Mobile Media Boom in the Asia-Pacific. Thousand Oaks, CA: SAGE Publications. p. 176. ISBN 0761932720.
  35. ^ "USA Technologies Improves Ranking as Leading Global Shipper of POS Terminals :: USA Technologies News". Usatech.com. Retrieved 2010-10-23.
  36. ^ "Record Growth Ranks USA Technologies #6 in US, #26 Globally for POS Terminal Shipments in 2007 :: USA Technologies News". Usatech.com. 2008-10-24. Retrieved 2010-10-23.
  37. ^ "USA Technologies » In the News »" (PDF). www.usatech.com.
  38. ^ "ADVAM and USA Technologies Launch EMV Payment Solution for Australian Vending Market". Retrieved 2018-08-20.
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