SAN ANTONIO, June 03, 2021 (GLOBE NEWSWIRE) – Usio, Inc. (USIO, Financial), a leading provider of financial technology and integrated electronic payment solutions, today announced that May 2021 was the company’s first-ever month in which it processed more than $ 1 billion in volume of transactions.
“Our ACH business is generating unprecedented growth,” said Louis Hoch, President and CEO of Usio. “We had our best quarter of transaction processing volume in the fourth quarter of 2020, and in the first quarter of 2021, we double the dollar volume we handled in Q4 2020. That alone is cause for celebration, but in the first two months of Q2 2021, our ACH business has already surpassed the record number of transactions and dollar volume first trimester treaties. And, now in May 2021, we hit our first month of $ 1 billion processing, with over $ 1.1 billion in transaction volume processed, a testament to the strength of the relationships we are building with. organizations in fast-growing industries, such as cryptocurrency and FinTech. ready. As always, we seek to maintain this momentum by focusing on execution, investing in technology and providing unparalleled service, all with the goal of creating shareholder value. “
Volume processed per quarter
* The second quarter 2021 represents the volume of transactions in dollars processed for the first two months of the second quarter 2021.
About Usio, Inc.
Usio, Inc. (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 relating 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.singularpayments.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on LinkedIn, 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”, “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, loss of key resellers, relationships with the Automated Clearinghouse network, bank sponsors, card processing providers and third party merchants, security our software, hardware and information, the volatility of stock prices, the need to obtain 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 records with the Securities and Exchange Commission, including s 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 activities 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