Usio, Inc. - USIO STOCK NEWS

Usio, a provider of integrated electronic payment solutions, announced that CEO Louis Hoch will present at the Inaugural Emerging Growth Virtual Conference on March 17-18, 2021. This event, hosted by M Vest LLC and Maxim Group LLC, will include discussions, fireside chats, and presentations featuring various executives in the FinTech sector. Interested attendees can register for access by becoming an M-Vest member. Usio specializes in tailored payment solutions for various sectors, including merchants and banks, making them a leader in the payment processing industry.

Usio, Inc. (Nasdaq: USIO) announced record transaction and processing volumes for Q4 and the full year of 2020. Total dollars processed reached $920 million with 5.5 million transactions in Q4 alone, marking the company's best quarterly performance. Key metrics show prepaid card transaction volume surged by 143%, while credit card transactions almost doubled. Overall, total transactions for 2020 were up 19% to 18.2 million, with processed dollars at $3.34 billion. This growth sets a strong foundation for anticipated revenue increases in 2021.

Usio has partnered with Emphasys Software to launch MyTenantPayments, a portal for over 200 Public Housing Authorities (PHAs) to process approximately $800 million in annual tenant payments. The initiative responds to the demand for reducing in-person payment methods, especially amid the COVID-19 pandemic. The platform enables electronic payments via ACH, credit, and debit cards, enhancing cash flow and reducing costs. This partnership is expected to increase transaction volume as more PHAs migrate to Usio's platform, leveraging its proprietary Payfac technology.

Usio, Inc. (Nasdaq: USIO) has renewed and expanded its strategic partnership with Voyager Digital Holdings, making Usio the exclusive provider of ACH payment solutions for Voyager. Since the relationship began in 2018, Usio's payment facilitation technologies have supported Voyager’s significant growth in the fast-evolving cryptocurrency market. Both companies anticipate strong growth as interest in cryptocurrencies rises. CEO Louis Hoch expressed excitement about the collaboration, while Voyager's CEO Steve Ehrlich noted the partnership's benefits and Usio's reliable technology for scalability.

Usio, Inc. (USIO) announced its prepaid card solution has been selected as the preferred method for disbursing funds under The Compton Pledge, the largest guaranteed income program in the U.S. The initiative will provide cash relief to approximately 800 low-income residents for two years, aimed at addressing racial and economic injustices. Usio’s prepaid cards will facilitate access for underbanked individuals, enhancing fund management efficiency. This partnership underscores Usio's growing influence, with nearly 100 similar organizations utilizing its card issuing technology.

Usio, Inc. (Nasdaq: USIO) completed the acquisition of Information Management Solutions (IMS) on December 15, 2020, through its subsidiary PDS Acquisition Corp. This strategic move aims to enhance revenue growth, with an expected addition of over $13 million in annual revenue and approximately $1 million of annual Adjusted EBITDA. Usio plans to rebrand IMS offerings as Usio Output Solutions, creating a new revenue segment. The acquisition was valued at $5.9 million in cash, with additional warrants issued to IMS shareholders.

University Fancards LLC, in collaboration with USIO and eGifter, has launched a new platform for purchasing and sending Fancard Gift Mastercards tailored for college sports fans. Available via the Fancards website, these prepaid cards can feature favorite college teams and be sent as physical or virtual gifts. This initiative enhances user experience, allowing recipients to easily add cards to digital wallets like Apple Pay and Google Pay. The partnership aims to expand Fancards' offerings, having recently added teams such as the University of Virginia to their roster.

Usio, a leading electronic payment solutions provider, will present at the 13th annual LD Micro Main Event investor conference on December 14 at 9:40 am EST. President and CEO Louis Hoch, along with Senior VP Greg Carter, will address a live virtual audience. The Main Event, scheduled for December 14-15, boasts a new format featuring 10-minute presentations followed by Q&A sessions. As a trusted provider of payment solutions, Usio offers a diverse range of services encompassing credit, debit, prepaid, and ACH processing. More details can be found on their website.

Usio has announced a non-binding Letter of Intent (LOI) to acquire the assets of Information Management Solutions (IMS). This acquisition aims to enhance Usio's service offerings in electronic bill presentment and document composition, targeting utilities and financial institutions. CEO Louis Hoch anticipates immediate accretion and synergies from cross-selling Usio’s technology. The deal depends on due diligence and IMS's audit completion. Notably, IMS has a strong customer base and expertise in various sectors, making this acquisition strategically significant for Usio’s growth.