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. Common Stock (symbol: USIO) represents a leading force in the electronic payment processing industry. Founded in late 2008 by Charles Yancey, a veteran of the payment processing field, Usio, Inc. runs on an innovative business model designed to revolutionize how businesses handle payments. With a mission to simplify and optimize transaction processes, Usio offers a unique 'one flat rate' program. This program allows clients to stabilize their credit card processing costs, making it easier to understand and reconcile monthly merchant statements.
Usio targets key vertical markets with higher-than-average processing volumes, such as utilities, municipalities, dental practices, veterinary services, marinas, and automotive dealerships. By focusing on these sectors, Usio enhances customer retention and provides significant value to its clients.
As a United States-based company, Usio offers integrated electronic payment services that include credit and debit card processing, as well as transaction processing through the Automated Clearing House (ACH) network. The company also operates a wholly-owned subsidiary dedicated to Output Solutions operations, broadening its service offerings and market reach.
Usio's recent achievements and current projects highlight its ongoing commitment to innovation and customer satisfaction. The company remains financially robust, with strategic partnerships and cutting-edge products driving its growth. Through continuous improvements and a client-centric approach, Usio, Inc. positions itself as a trusted partner for businesses seeking reliable and efficient payment solutions.
Stay updated on the latest news and developments about Usio, Inc. Common Stock to understand how the company is evolving and what it means for your investment.
Usio, Inc. (NASDAQ: USIO) has announced the expansion of its partnership with MoviePass, now operational in nine cities due to increased demand for the MoviePass Debit card. The partnership has signed over 25 exhibitor partners, indicating significant market penetration. CEO Louis Hoch highlighted that nearly 800,000 beta clients registered within five days, showcasing the brand's strong appeal. MoviePass plans further city expansions to meet customer interest. The partnership leverages Usio's advanced prepaid card technology, enhancing funding control and user experience. This strategic growth reflects Usio's commitment to innovative payment solutions.
Usio, Inc. (Nasdaq: USIO), a cloud-based FinTech solutions provider, will present at the Ladenburg Thalmann Virtual Tech Expo on
Attendees can register for the presentation at this link. The event is hosted on a virtual platform, Sequire, allowing for one-on-one meetings between presenters and investors.
Usio, Inc. (Nasdaq: USIO) announced an exclusive partnership with MoviePass and the launch of a branded MoviePass debit card. This strategic alliance aims to enhance the user experience for MoviePass's growing subscriber base. Usio's Chairman and CEO, Louis Hoch, expressed excitement about the partnership, while MoviePass CEO, Stacy Spikes, highlighted the competitive advantage brought by Usio's technology. Both executives will ring the Nasdaq closing bell on November 23, 2022, marking the occasion.
Usio, Inc. (Nasdaq: USIO) reported its third quarter results for 2022, marking the ninth consecutive quarter of revenue growth with $16.4 million in revenue, up 4% from the previous year. Key drivers included a record performance in the Card segment and an increase in Output Solutions revenue by 32%. Despite challenges with lower margin ACH services and decreased prepaid card activity, Usio expects strong cash flow generation from estimated $18 million in breakage revenue. The company maintains a 12% - 18% revenue growth outlook for the year.
Usio, Inc. (Nasdaq: USIO) announced the release of its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The results for the period ending September 30, 2022, will be discussed during a conference call on the same day at 5:00 p.m. Eastern time. Interested parties can join by calling U.S. number 1-844-883-3890 or international number 1-412-317-9246, or via a live webcast on Usio's website. A replay of the call will be available after approximately one hour of the call's conclusion until November 23, 2022.
Usio, Inc. (Nasdaq:USIO) announced its participation in the 15th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles on
Usio, Inc. (NASDAQ: USIO), a leading integrated payment solutions provider, will present at The Windy City Roundup on
Usio, Inc. (NASDAQ: USIO) announced the passing of its Chairman and co-founder, Michael R. Long, on September 7, 2022. Louis Hoch, the CEO, expressed deep sadness and highlighted Long's significant contributions to the company since its founding in 1998. The board unanimously voted to name Long as Chairman Emeritus in a special meeting on September 12, 2022. Hoch will assume the Chairman role alongside his current positions. The board remains compliant with Nasdaq's corporate governance rules following Long's demise.
Usio, Inc. (Nasdaq: USIO) has launched its innovative Funds Disbursement Solution, called Consumer Choice, allowing organizations to offer consumers various payment options including prepaid cards, ACH transfers, checks, and push payments. This solution streamlines direct payments while mitigating risks associated with electronic funds disbursement. By managing all aspects of payment processing, Usio enhances efficiency and compliance, catering to businesses seeking to improve customer satisfaction and reduce operational costs. The platform is ideal for various applications, including refunds and corporate reimbursements.
Usio, Inc. (Nasdaq: USIO) has launched a new Point-of-Sale Credit solution, enabling businesses to offer instant credit without the risks associated with consumer lending. The market for point-of-sale consumer lending is projected to double from
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