Usio (Nasdaq: USIO), a tech-enabled payment solutions provider,
today announced continued expansion and adoption of its industry
leading payment platforms. Bright Trip, a web-based software
solution that offers online video courses and downloadable content
for global travelers, has adopted the Company’s PayFac-in-a-Box to
facilitate transactions across its robust content platform.
The Hula Bowl, airs on CBS this Sunday, January 26th, and one of
college football’s most prestigious Bowl Games, has chosen Usio to
provide branded Mastercards to manage the disbursement of funds to
participants, players and coaches. These agreements represent
Usio’s continued strategic expansion and penetration of SaaS-based
applications and prepaid card issuance.
Vaden Landers, EVP and Chief Revenue Officer at Usio, said, “The
signing of these two partnerships and the growth trajectory of the
respective solutions they represent is very exciting for Usio.
PayFac-in-a-Box continues to see strong traction as we enter
the new year and the relationship with Bright Trip will further
contribute to that momentum. By leveraging our proprietary PayFac
solution, Bright Trip will be able to effectively and seamlessly
facilitate transactions through their software application in an
online environment. This will provide a positive and
intuitive user checkout experience for travelers seeking
educational resources and videos for destinations they plan to
visit now or in the near future.”
Andrew McGarrity, co-founder and CEO of Bright Trip, commented,
“Usio has been one of the most important partners to Bright Trip
since its inception. By leveraging Usio’s robust payment
functionality within our application, customers are now able to
efficiently and effectively purchase our digital products in a much
more intuitive way that far outpaces our competition. Our goal to
demystify places around the world for travelers using our
video-based travel courses has become a reality in large part due
to our partnership with Usio and the value they bring to our
ecosystem.”
Houston Frost, Senior Vice President of Prepaid Products at
Usio, commenting on the new partnership with the Hula Bowl noted,
“Our prepaid solutions are ideal for organizations like the Hula
Bowl that are looking for an effective and efficient solution to
manage the disbursement of funds. The ’HulaMula’ card will enable
the Hula Bowl to load funds to cards, instantly disperse funds to
participants and provide real-time reporting and analytics.
Recipients of the card can review purchases and card balances, as
well as add their card to their Apple or Google Pay wallet. The
features and functionality available with our incentive,
promotional and disbursement cards is what sets us apart from the
competition. We are pleased that the Hula Bowl has partnered
with us to support their incredible and historic bowl
experience.”
Nick Logan, Owner of the Hula Bowl said, “The Hula Bowl is a
storied franchise dating back to 1946. We pride ourselves on
the great strides we’ve made in applying and implementing
innovative technology, like Usio’s card issuance platform, to
create a better experience for the many coaches, athletes and
participants in the Hula Bowl. We are excited that each participant
involved in this year’s bowl game will be given a ’HulaMula‘ card
with their name on it as part of their SWAG bag. Usio will provide
us the ability to load and easily manage distributed funds without
the traditional burdens and limitations often associated with per
diems, cash or check payments as well as the burdensome reporting
associated with these more manual processes.”
In closing, Landers noted, “Aligning ourselves with
organizations like Bright Trip and the Hula Bowl continue to enable
Usio to efficiently expand our reach and accelerate our penetration
of the software and prepaid card-issuing sectors. These are very
notable, well-timed “wins” as we continue the critical ‘scaling’
phase of our business.”
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading integrated payment
solutions provider, offers a wide range of payment solutions to
merchants, billers, banks, service bureaus, and card issuers. The
Company operates credit, debit/prepaid, and ACH payment processing
platforms to deliver convenient, world-class payment solutions and
services to their clients. The strength of the Company lies in its
ability to provide tailored solutions for card issuance, payment
acceptance, and bill payments as well as its unique technology in
the prepaid sector. Usio is headquartered in San Antonio, Texas,
and has offices in Franklin, Tennessee, just outside of
Nashville.
Websites: www.usio.com, www.singularpayments.com,
www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com.
Find us on Facebook® and Twitter.
About Bright Trip
Bright Trip offers video-based travel courses led by seasoned
travelers to teach people how to experience a place with
confidence. Bright Trip’s courses visually demystify a destination
and focus on teaching travel concepts and skills to successfully
navigate a trip abroad. Our content is different from today’s
static travel content in that it is visually dynamic, packed with
information and really fun to watch. We believe that the knowledge
and skills gained on Bright Trip will make for a more informed and
enjoyable trip.
Website: www.brighttrip.com
About the Hula Bowl
The Hula Bowl was established in 1946 as the Hula Bowl All-Star
Football Classic game. The inaugural game was played on January 5,
1947. Throughout its tenure, the game was historically played at
the Aloha Stadium in Honolulu, Hawaii. In 1998, the mayor of Maui
County requested that the Organizers of the Hula have the game
moved to the Island of Maui. In 2006, the Hula Bowl was returned
back to its historic home on the beautiful island of Oahu. The game
remained on Oahu until the 2008 game. The game is featured in
January each year on the island of Oahu and includes NCAA college
football players from all divisions, along with international
players from Japan, Canada, Australia, and the UK. In addition, the
game will always include Polynesian players with historic ties to
the Islands. Website: www.hulabowl.com
Forward-Looking Statements Disclaimer
Except for the historical information contained herein, the
matters discussed in this release include forward-looking
statements which are covered by safe harbors. Those statements
include, but may not be limited to, all statements regarding
management's intent, belief and expectations, such as statements
concerning our future and our operating and growth strategy. These
forward-looking statements are identified by the use of words such
as "believe," "intend," "look forward," "anticipate," "schedule,"
and "expect" among others. Forward-looking statements in this press
release are subject to certain risks and uncertainties inherent in
the Company's business that could cause actual results to vary,
including such risks related to the realization of the anticipated
opportunities from the Singular acquisition, the management of the
Company's growth, the loss of key resellers, the relationships with
the Automated Clearinghouse network, bank sponsors, third-party
card processing providers and merchants, the security of our
software, hardware and information, the volatility of our stock
price, the need to obtain additional financing, risks associated
with new tax legislation, and compliance with complex federal,
state and local laws and regulations, and other risks detailed from
time to time in the Company's filings with the Securities and
Exchange Commission including its annual report on Form 10-K for
the fiscal year ended December 31, 2018. One or more of these
factors have affected, and in the future, could affect our
businesses and financial results in the future and could cause
actual results to differ materially from plans and projections. We
believe that the assumptions underlying the forward-looking
statements included in this release will prove to be accurate. In
light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that our objectives and plans will be achieved. All
forward-looking statements made in this release are based on
information presently available to our management. We assume no
obligation to update any forward-looking statements, except as
required by law.
Contacts
Usio – Card Issuance:
Kyle RuschmanVP, Sales & Business
Developmentkyle.ruschman@paymentdata.com859.803.0008
Investor Relations:Joe HassettGregory
FCAjoeh@gregoryfca.com484-686-6600
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