– USA, PA – USA Technologies, Inc. (NASDAQ:USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today announced it has appointed Robert L. Metzger, 48, to the Company’s Board of Directors. Mr. Metzger was appointed to the Board on March 11, 2016, increasing the size of the Board from six to seven members. In addition, USAT has appointed Michael K. Lawlor, 54, as the chief services officer responsible for oversight and leadership of teams managing the key elements of the ePort Connect Service.
Robert L. Metzger – Board of Directors
Mr. Metzger brings to the Board over 25 years of senior leadership experience from the financial services sector. Since August 2015, he has been on the faculty of the University of Illinois at Urbana-Champaign’s College of Business as the Director of the Investment Banking Academy and a lecturer at the Department of Finance. He also serves on the Board of Directors of WageWorks, Inc., where he is a member of the Audit Committee. Previously, he was a partner at William Blair & Company from 2005 to 2015, after joining the firm in 1999. While there, he served as head of the Technology and Financial Services Investment Banking Groups and completed in excess of 100 transactions during his 15-plus year career at the firm. In addition, he acted as Chairman of the firm’s Audit Committee from 2013-2015. Mr. Metzger holds a Master of Business Administration with concentrations in finance and strategy from Northwestern University’s Kellogg School of Management and a Bachelor’s of Science degree in Accountancy from the University of Illinois at Urbana-Champaign.
“Rob brings with him a wealth of knowledge in finance and accounting, and especially dealing with public companies and capital markets. His extensive experience with the fintech and payments space will help guide us as we continue our growth and pursue our goal of driving additional value to each customer connection,” said Stephen P. Herbert, Chief Executive Officer, USA Technologies. “We look forward to benefiting from his leadership and expertise, and welcome him to our board of directors.”
About USA Technologies
USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC- ready ePort G-series, ePort Mobile for customers on the go, and QuickConnect, an API Web service for developers. USA Technologies has 78 United States and foreign patents in force; and has agreements with Verizon, Visa, Chase Paymentech and customers such as Compass, AMI Entertainment and others. The Company recently acquired Portland, Oregon, based VendScreen, the industry’s leading manufacturer of retrofit touchscreen devices for vending machines.
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