Usio Continues to Set New Records
July 19 2021 - 9:00AM
Usio, Inc: (Nasdaq:USIO), a FinTech and integrated electronic
payment solutions provider, today announced that it has set a new
record for ACH Dollars Processed in a Year. Year-to-date, Usio has
processed more ACH Transactions than all of 2020. Additionally, the
dollars processed have already set a new all-time annual record.
Louis Hoch, President and Chief Executive Officer of Usio, said,
“In less than seven months we have surpassed the total ACH
Transactions and dollars Processed than all of last year. Our
innovative technology, increasing penetration of the fast-growing
cryptocurrency and FinTech lending industries, and strong
relationships continue to fuel our growth. As a result, we are on a
trajectory to achieve record revenues this year and are well
positioned for even greater success in the future."
Usio will announce transaction results in the upcoming weeks and
it will include all-time records for PayFac/Card processing and
other outstanding results for operating metrics.
About Usio, Inc.Usio, Inc. (Nasdaq: USIO), a
leading FinTech integrated payment solutions provider, offers a
wide range of payment solutions to merchants, billers, banks,
service bureaus, crypto exchanges 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.usiooutput.com. 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 an economic downturn as a result of the COVID-19
pandemic, the realization of opportunities from the IMS
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, 2020. 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, Investor
Relationsjoeh@gregoryfca.com484-686-6600
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