ACH transactions and dollars processed since the start of 2021 already exceed full year 2020, ACH dollars processed since the start of the year are a new all-time high
SAN ANTONIO, July 19, 2021 (GLOBE NEWSWIRE) – Usio, Inc: (Nasdaq: USIO), a provider of FinTech and integrated electronic payment solutions, today announced that it has set a new record for ACH dollars processed in one year . Since the start of the year, Usio has processed more ACH transactions than all of 2020. Plus, dollars processed have already set a new all-time annual record.
Louis Hoch, President and CEO of Usio, said, “In less than seven months, we have exceeded total ACH transactions and dollars processed compared to last year. Our innovative technology, increasing penetration of fast-growing cryptocurrency and FinTech lending sectors, and our strong relationships continue to fuel our growth. As a result, we are on track to achieve record revenues this year and are well positioned for even greater success in the future. “
Usio will announce transaction results in the coming weeks and will include all-time records for PayFac / Card processing and other outstanding results for operational metrics.
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. 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.singularpayments.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com.
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”, “intend”, “anticipate”, “expect” 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, the security of our software, hardware and information, stock price volatility, the need for additional financing, the risks associated with new tax laws and compliance with complex federal, state and local laws and regulations, and ” other risks detailed from time to time in the Company’s files with the Securities and Exchange Commission, including ris its annual report on Form 10-K for the 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 material 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 contained 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