USA Technologies Inc. has appointed a board member, Stephen P. Herbert, as its chief executive and chairman, the banking-technology vendor announced Dec. 5.
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Malvern, Pa.-based USA Technologies processes card payments initiated in vending machines and in various industries. The company said it has contracts with Verizon Communications Inc. and Visa Inc., among others.
Herbert has been a member of the company's board of directors since 1996. He previously was the company's president and chief operating officer.
Before USA Technologies, Herbert worked for Pepsi-Cola Co., where he was responsible for the company's development and market strategy, according to a press release.
