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SAN ANTONIO, Nov. 19, 2021 (GLOBE NEWSWIRE) – Usio, Inc. (Nasdaq: USIO), a leading provider of FinTech integrated payment solutions, today announced that it has been selected by Voyager Digital (TSX: VOYG ; OTCQX: VYGVF; FRA: UCD2), under an exclusive three-year agreement, to be the program manager and processor of their new debit card, the first USD coin-based debit card ( “USDC”) which pays out up to 9% annual rewards.
Louis Hoch, President and CEO of Usio, said: “I am delighted to report the continued growth of our relationship with Voyager Digital, supporting the debit card needs of their 2.7 million registered users. We are proud to have developed the technology that allows Voyager to base its debit card on USDC, a stable coin priced 1 to 1 against the US dollar, while providing its customers with a predictable means and rewarding to easily hold and spend crypto. as offering members of the Voyager loyalty program even greater rewards.
Steve Ehrlich, CEO and Co-Founder of Voyager, said: “Usio is a valued partner who continues to provide us with innovative solutions to our growing electronic payment technology needs. The Voyager Debit Card offers cardholders a rewarding way to hold crypto and make it instantly available for daily purchases with the convenience of a debit card around the world. Usio has answered the call with an elegant solution to this complex challenge. We look forward to developing our mutually beneficial relationship. As part of the deal, Usio will support the new Voyager debit card which will allow cardholders to spend point-of-sale cryptocurrency or earn cryptocurrency rewards by spending debit cards. Using Usio’s flexible APIs and cutting-edge technology, Voyager can provide its users with a contemporary consumer experience. Additionally, Usio’s instant issuance will allow cards to be immediately deployed into digital wallets. Consumers can pre-register for the Voyager debit card via www.investvoyager.com/debitcard.
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 its customers. 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, without limitation, all statements regarding the intentions, 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, third party card processing providers and 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.
Joe Hassett, Investor Relations
Source: Usio, Inc.