SAN ANTONIO, Nov. 15, 2021 (GLOBE NEWSWIRE) – Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated payment solutions, today announced the promotion of Greg Carter and the hiring of the payments industry veteran Steve Peterson.

Louis Hoch, President and CEO of Usio, said: “I am very pleased to announce that Mr. Greg Carter has been promoted to Executive Vice President of Payment Acceptance. He will lead all of the company’s merchant-based payment acceptances, including ACH, Payment Facilitation, Cards, and Cryptocurrencies. Greg has been instrumental in growing our Payment Facilitation division into an industry leader and in its rapid transformation into a profit center for Usio. He has developed both strong relationships with industry and customers. It has procedures in place to dramatically increase merchant conversion and adoption of the Usio payment platform. Usio is fortunate to have Greg as a senior executive in our company, creating value for our shareholders. “

Louis Hoch continued, “With the tremendous growth and success that Usio has experienced, we have become very visible within the fintech payments industry. As such, very talented executives are looking to engage with Usio. I am pleased to announce that Mr. Steve Peterson has been hired as Senior Vice President, Emerging Markets. Steve has many years of experience in the payments industry with his most recent engagement with PaySign as Senior Vice President of Business Development and senior business development positions with FIS, GreenDot and NetSpend. Steve will develop new markets for products and services for Usio where our products cross divisions. He will also leverage his many years of relationships in the prepaid industry to help Usio set up enterprise level card programs. We are delighted to have Steve on board.

About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated payment solutions, offers a wide range of payment solutions to merchants, billers, banks, service desks, crypto exchanges and card issuers. The Company operates credit, debit / prepaid and ACH payment processing platforms to provide convenient, world-class payment solutions and services to their customers. With the acquisition of the assets of IMS in December 2020, the Company now offers additional services related to electronic invoice submission, document composition, document decomposition and printing and mailing services. . The strength of the Company lies in its ability to provide tailor-made solutions for card issuance, payment acceptance and bill payments, as well as its unique technology in the prepaid industry. 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.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.

DISCLAIMER ON FORWARD-LOOKING STATEMENTS
With the exception of historical information contained in this document, the matters discussed in this press release include forward-looking statements which are covered by safety regulations. These statements include, but are not limited to, all statements regarding the intent, beliefs and expectations of management, such as statements regarding our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as “believe”, “intend”, “look to the future”, “anticipate”, “continue” 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 risks related to an economic downturn resulting from the COVID-19 pandemic, the realization of opportunities arising from the acquisition of IMS, managing the growth of the Company, the loss of key resellers, relationships with the Automated Clearinghouse network, bank sponsors, card processing providers and third party merchants, security of our software, hardware and information, stock price volatility, the need for additional funding, the risks associated with new legislation and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in documents filed by the Company with the Securities and Exchange Commission, including is its annual report on Form 10-K for the fiscal year ended December 31, 2020. One or more of these factors has affected, and may in the future, affect the business and financial results of the Company 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 press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included in this document, the inclusion of this information should not be taken as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this press release are based on information currently available to management. The Company assumes no obligation to update forward-looking statements, except as required by law.

Contact:
Joe Hassett, Investor Relations
[email protected]
484-686-6600


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