SAN ANTONIO, October 11, 2021 (GLOBE NEWSWIRE) – Usio, Inc: (USIO), a leading provider of FinTech integrated payment solutions, today announced the contract awarded to it by the Houston Health Department to provide the underlying prepaid card issuance platform the mayor’s recently launched vaccination incentive program to vaccinate an additional 20,000 city residents has reached capacity. As part of this program, the city has provided those who receive a first dose of the Pfizer or Moderna vaccine, or the Johnson & Johnson single dose vaccine, at an eligible health service site with a 100.00 prepaid card. $. Prepaid cards valued at $ 50.00 have been allocated for the second doses of Pfizer or Moderna vaccine.
âThis program has been a success and a worthwhile investment that benefits everyone by helping to increase the city’s immunization rate, which ultimately saved lives,â said Houston Mayor Sylvester Turner. âEven with the gift card incentive program at full capacity, it is still essential that more of us get vaccinated to protect ourselves and our loved ones from serious illness and death.â
Louis Hoch, President and CEO of Usio, said, âWe are very grateful to Mayor Turner and the Houston City Council for their decision to implement Usio’s proprietary payment technology for this very important. With our extensive experience providing payment solutions for various civic initiatives in cities large and small across the United States, we have been able to develop innovative technology that can be tailored to the unique needs of each organization. Therefore, we are able to provide Houston with an efficient and cost effective solution that optimizes their decision to use prepaid debit cards as a disbursement vehicle for their vaccine incentive program. “
Houston Frost, Senior Vice President of Corporate Development and Prepaid Products, added, âLike Louis, I want to thank the Mayor and Houston City Council for choosing Usio for this prestigious program. Since the start of the pandemic, we have provided the payment technology responsible for disbursing funds for more than 150 charitable, civic and other economic aid programs. Compared to virtually all other options, our prepaid programs offer a more convenient and easy-to-use electronic payment solution with better reporting, tracking and other benefits. As a result, it is not only beneficial to the city of Houston, but it is also a preferred disbursement format for card recipients. “
The Houston program is part of Usio’s industry-leading vaccine incentive disbursement solution. More information can be found by visiting https://www.akimbocard.com/vaccine-incentives/
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. The company, through its Usio Output Solutions division, offers 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 FacebookÂ® 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. The forward-looking statements contained in this press release are subject to certain risks and uncertainties inherent in the Company’s business which could cause actual results to vary, including risks related to an economic downturn resulting from the COVID-19 pandemic, at the realization of opportunities of IMS acquisition, management of Company growth, loss of key resellers, relationships with Automated Clearinghouse network, bank sponsors, third party card processing providers and merchants, the security of our software, hardware and information, the volatility of the share price, the need to obtain additional financing, 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 its annual report on Form 10-K for the fiscal year ended December 31, 2020. One or more of these factors have affected and in the future could affect the business and financial results of the Company in the future and could cause so that actual results 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