The partnership will include a branded MoviePass debit card for all subscribers
SAN ANTONIO, August 25, 2022–(BUSINESS WIRE)–Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated e-payment solutions, today announced an exclusive partnership with MoviePass, in which the platform Usio’s innovative and proprietary form of prepaid card issuance will serve as both program manager and processor for the future MoviePass debit card it plans to issue to all subscribers.
Louis Hoch, President and CEO of Usio, said, “Usio continues to position itself as a leading provider of electronic payment technology, including our prepaid card issuance platform, which serves a variety of use cases across a number of different industries. We are delighted that MoviePass has chosen Usio to support their efforts to bring a branded MoviePass debit card to their subscriber base. Our unique external authorization capability will allow MoviePass to fund prepaid cards the moment a customer redeems credits for a movie in the MoviePass ecosystem, allowing for better control over funding and better management of spend.”
“Usio’s innovative technology is precisely what MoviePass needs to deliver a seamless user experience on our platform,” commented Stacy Spikes, co-founder and CEO of MoviePass. “Having Usio as an exclusive partner gives us a competitive advantage in the market.”
“Usio is a longtime supporter of Stacy and MoviePass, having made an angel investment in the company a few years ago,” Hoch concluded. “These are exciting times for MoviePass. We are thrilled that Stacy and her team recognize the breadth of our technology and have chosen Usio to power this vital aspect of their business.”
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading provider of integrated, cloud-based FinTech electronic payment solutions, offers a wide range of payment solutions to merchants, billers, banks, offices services, crypto exchanges and card issuers. The company operates credit, debit/prepaid and ACH payment processing platforms to provide its customers with convenient, world-class payment solutions and services. The Company, through its Usio Output Solutions division, offers services related to electronic invoice presentment, document composition, document breakdown, and printing and mailing services. The Company’s strength lies in its ability to provide tailor-made solutions for card issuance, payment acceptance and bill payment as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, TX, with offices in Austin, TX and Franklin, TN, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.
About MoviePass, Inc.
MoviePass is a marketing technology platform enhancing movie exploration and cinematic experience. Launched in 2011, MoviePass quickly became the nation’s premier movie theater subscription service, offering moviegoers the ability to catch a selection of new movies in theaters across the United States.
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Paul Manley, Senior Vice President of Investor Relations
Email: [email protected]