Usio Earns Nacha Certified Third-Party Sender Certification for Second Consecutive Year
February 06 2020 - 9:00AM
Usio (Nasdaq: USIO), a tech-enabled payment solutions provider,
today announced it has successfully met criteria set forth by Nacha
to renew their Nacha Certified Third-Party Sender Certification.
Nacha Certified is a voluntary accreditation program for
Third-Party Senders in the ACH Network that demonstrate to the
industry, including Originating Depository Financial Institutions
(ODFIs), Originators, and their peers, that they are meeting the
enhanced set of standards established by Nacha that signal
credibility, quality, and strong core practices.
Nacha Certified helps Third-Party Senders set themselves apart
in today’s competitive market by demonstrating to financial
institutions that they are vetted, validated, and valued. Usio was
one of the first Third-Party Senders to achieve this certification
and is now the most tenured Nacha certified Third-Party Sender in
the industry.
Wayne Gonzales, Senior Vice President of Risk Management and
Compliance, stated, “Usio is committed to risk management,
compliance, payment security and quality services. Our culture of
compliance is paramount to the continued success of our company.
The renewal of our Nacha Certified Third-Party Sender Certification
means that effective controls, standards, and oversight are all
core competencies. Additionally, our team understands the risk and
compliance obligations associated with processing ACH Entries, and
we hold our originators to the same standards. We believe this
important accomplishment will further strengthen our relationships
with Originating Depository Financial Institutions (ODFIs),
originators, partners, and shareholders.”
“Quality payments are a hallmark of the ACH Network, and
Third-Party Senders have an important role to play,” said Michael
Herd, Nacha Senior Vice President, ACH Network Administration. “By
meeting the criteria to renew its Nacha Certified status, Usio is
showing its continued commitment to the high standards of the Nacha
Certified program.”
About NACHA—The Electronic Payments
Association
Nacha is a nonprofit organization that convenes hundreds of
diverse organizations to enhance and enable ACH payments and
financial data exchange within the U.S. and across geographies.
Through the development of rules, standards, governance, education,
advocacy, and in support of innovation, Nacha’s efforts benefit all
stakeholders. Nacha is the steward of the ACH Network, a payment
system that universally connects all U.S. bank accounts and
facilitates the movement of money and information. In 2018, there
were 27 billion ACH payments, and more than $51 trillion in value
moved across the ACH Network. Nacha also leads groups focused on
API standardization and B2B payment enablement. Visit nacha.org for
more information, and connect with us on LinkedIn, Twitter,
Facebook and YouTube.
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 Austin, Texas, and 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.
FORWARD-LOOKING STATEMENTS DISCLAIMERExcept 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 the 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 the Company’s businesses and financial
results in the future and could cause actual results to differ
materially from plans and projections. The Company believes 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 the objectives and plans will be achieved. All
forward-looking statements made in this release are based on
information presently available to management. The Company assumes
no obligation to update any forward-looking statements, except as
required by law.
Contact:Joe Hassett Gregory
FCAjoeh@gregoryfca.com484-686-6600
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