Welcome to our dedicated page for Usio news (Ticker: USIO), a resource for investors and traders seeking the latest updates and insights on Usio stock.
Usio, Inc. (Nasdaq: USIO) is a FinTech company that operates integrated, cloud-based electronic payment and embedded financial solutions platforms, and its news flow reflects developments across ACH processing, card issuing, prepaid services and Output Solutions. On this page, readers can review press releases and media coverage related to Usio’s operations, financial results, partnerships, acquisitions and corporate initiatives.
Usio regularly publishes quarterly financial results, detailing performance across its ACH and complementary services, credit card (including PayFac), prepaid card services and Output Solutions lines of business. These updates include information about total payment transactions processed, total payment dollars processed through all payment channels, and trends in electronic check volumes, PINless debit activity, card load volumes and document processing metrics.
The company’s news also covers strategic partnerships and integrations, such as its collaboration with Mortgage Automator, where Usio’s payment technology is embedded into mortgage origination and servicing software to provide ACH, card payments, PINless debit and real-time disbursements for private lenders. Another notable news item is Usio’s acquisition of substantially all of the assets of PostCredit Co, a financial technology company with an AI-enabled expense-management and business-banking platform that Usio plans to integrate with its payment infrastructure.
In addition, Usio issues news about corporate recognition and community involvement, including earning a Great Place To Work Certification and supporting relief efforts in the Texas Hill Country through donations and partnerships. Investors and observers can use this news page to follow how Usio’s processing volumes, product offerings, partnerships and corporate activities evolve over time.
Usio, a leading FinTech payment solutions provider, will participate in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. Key executives including CEO Louis Hoch will present and hold one-on-one meetings with investors. The presentation will be available online starting September 13 at 7:00 A.M. (ET). Usio offers a range of payment solutions to various sectors, utilizing advanced technology for card issuance and payment acceptance. For more details, visit Usio's website.
Usio, Inc. (Nasdaq: USIO) has secured a contract with the New York City Economic Development Corporation (NYCEDC) to support the city's COVID-19 Vaccines Incentive Program. This initiative provides $100 to eligible New York State residents receiving their first vaccine dose through the city’s appointment platform. Usio will supply prepaid debit cards and electronic payment technology for the program. NYCEDC aims to distribute $20 million in incentives, with over $6 million already disbursed. Usio's advanced payment solutions are expected to streamline the distribution process.
Usio, a leading FinTech payment solutions provider, reported a record revenue growth of 119% for Q2 2021, totaling $15.2 million, driven by strong performance across ACH, Credit Card, and Prepaid services. The company's net income reached $218,000, with positive Adjusted EBITDA of $1.3 million. Processing volumes surged by 389% year-over-year, prompting an upward revision of revenue guidance to between $56 million and $59 million for fiscal 2021, indicating a potential growth of 98% to 109% from 2020.
Usio, Inc. (Nasdaq: USIO) announced it will release its Q2 2021 financial results on August 12, 2021, after market close. A conference call is scheduled for August 13, 2021, at 11:00 a.m. Eastern, to discuss the results and provide business updates, followed by a Q&A session. U.S. participants can dial 1-844-883-3890 and international callers should use 1-412-317-9246. The call will also be streamed live on usio.com/investors. Replay options will be available until August 27, 2021.
Usio has announced a partnership with Voyager Digital to enable merchants to accept cryptocurrencies as payment, enhancing their payment solutions. This partnership reflects Usio's commitment to innovation in FinTech. Merchants will be able to accept up to 60 cryptocurrencies through the Voyager app, with seamless transactions that convert crypto to US dollars in real time. This service is expected to roll out in late 2021, aiming to meet the growing demand for cryptocurrency payments and improve customer engagement.
Usio, a leading FinTech integrated payment solutions provider (Nasdaq: USIO), will participate in the D.A. Davidson Bison Select Virtual Conference on August 4, 2021. CEO Louis Hoch, along with SVPs Greg Carter and Houston Frost, will engage in a Fireside Chat and host virtual meetings throughout the day. The webcast of the Fireside Chat is scheduled for 10:30 AM Eastern. For scheduling one-on-one meetings, interested parties should contact their D.A. Davidson representative or email Joe Hassett. Usio specializes in tailored payment solutions, enhancing services with its recent IMS assets acquisition.
Usio, Inc. (Nasdaq: USIO) reported a record $2.73 billion in total dollars processed for Q2 2021, a 47% increase from Q1. This marks the company's third consecutive quarter of record electronic payments, with significant growth in ACH electronic check dollars, which nearly quadrupled. Card and prepaid processing volumes also saw impressive gains, with card processing dollars up 55% and prepaid card load volume up 65% year-over-year. The company attributes its growth to investments in its PayFac platform and a focus on fast-growing markets like cryptocurrency.
Usio Reports Record ACH Transactions and Processing for 2021
On July 19, 2021, Usio, Inc. (Nasdaq: USIO) announced that it has surpassed the total ACH Transactions and dollars processed for all of 2020 in less than seven months, setting an all-time record. CEO Louis Hoch emphasized the company's growth due to innovative technology and strong relationships in the FinTech and cryptocurrency sectors. Usio plans to release further transaction results soon, which are expected to show strong performance in PayFac/Card processing as well.
Usio, Inc. (Nasdaq: USIO) announced that its common shares have been approved for listing on the Nasdaq Global Market, starting June 15, 2021. This uplisting is expected to enhance visibility, improve liquidity, and broaden the institutional shareholder base, ultimately benefiting long-term shareholder value. CEO Louis Hoch noted that this milestone aligns with the company's growth strategy and aims to optimize return on invested capital. Meeting stringent financial and governance requirements, the uplisting is regarded as a significant indicator of success for the company.
Usio, Inc. (Nasdaq: USIO) reported a record-breaking achievement in May 2021, processing over $1 billion in transaction volume for the first time. This milestone surpasses their previous record set in Q1 2021 and reflects a significant growth trajectory in their ACH business. The company has also reported that total dollar volume processed in 2021 has exceeded the 2020 record of $3.3 billion. President Louis Hoch emphasized the ongoing success and expansion in fast-growing sectors, including cryptocurrency and FinTech lending, aiming to enhance shareholder value through technology investment and superior service.
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