Search Results for: usat
Xoom Strikes Walmart Deal; Big Retailers Support FedNow; USAT Boasts 25% Revenue Increase
USAT Boasts 25% Revenue Increase and other Digital Transactions News briefs from 11/12/19
Unattended-payments specialist USA Technologies Inc. held its first quarterly earnings call in more than a year following the resolution of accounting issues. In it, USAT reported first quarter fiscal 2020 revenue of $42.1 million, a 25.7% increase from $33.5 million a year ago. Its net loss for the quarter was $12.8 million, …
Read More »$1 Trillion in Holiday Sales? Payments and Deposit Insurance; USAT Balks at Investor Move
USAT Balks at Investor Move and other Digital Transactions News briefs from 11/11/19
USA Technologies Inc. said a solicitation from Hudson Executive Capital LP, the unattended payments provider’s largest shareholder, to call a special shareholder meeting is invalid under the company’s bylaws. HEC wants to take control of USA Technologies’ board of directors with its own slate of director nominees.The Singles Day shopping event on …
Read More »FIS To Focus on Worldpay Integration; Interchange Lawsuit Hearing Thursday; Investor Targets USAT
Investor Targets USAT and other Digital Transactions New briefs from 11/5/19
USA Technologies Inc. issued a statement opposing a move by Hudson Executive Capital LP, the vending-machine payments provider’s largest shareholder, to gain control of the company in the wake of long-running accounting problems that were recently resolved. Hudson’s plan includes the nomination of eight director candidates for election at the company’s next annual meeting. …
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