Usio Chosen as Program Manager and Processor for the Voyager Debit Mastercard®

Rhea-AI Summary

Usio, Inc. (Nasdaq: USIO) has entered a three-year exclusive agreement with Voyager Digital to manage and process their newly launched USD Coin (USDC)-based debit card, which offers up to 9% annual rewards. This collaboration supports Voyager's 2.7 million users, enhancing their ability to hold and spend cryptocurrency conveniently. The debit card allows users to earn rewards in cryptocurrency, providing an innovative payment solution. Usio's technology enables instant card issuance, allowing for immediate deployment into digital wallets, thereby enhancing user experience.

Positive

• Exclusive agreement with Voyager Digital enhances Usio's market position.
• Launch of USD Coin-based debit card offers up to 9% annual rewards, attracting customer interest.
• Instant card issuance improves customer experience by enabling immediate use.

Negative

• None.

Voyager Digital is one of the fastest-growing cryptocurrency platforms in the U.S. with over 1 million funded accounts and 2.7 million verified users

SAN ANTONIO, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated payment solutions provider, today announced that it has been selected by Voyager Digital (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), in a three-year exclusive agreement, to be the program manager and processor for their newly introduced debit card, the first USD Coin (“USDC”) -based debit card that pays up to 9% annual rewards.

Louis Hoch, Usio’s President and Chief Executive Officer, stated, “I am thrilled to announce the continued growth of our relationship with Voyager Digital supporting the debit card needs of their 2.7 million registered users. We are proud to have developed the technology that enables Voyager to base their debit card on USDC, a stable coin priced 1-to-1 to the US dollar, while offering their customers a predictable and rewarding way to hold and easily spend crypto as well as offering their Voyager Loyalty Program members even higher rewards.”

Steve Ehrlich, CEO and co-founder of Voyager, said, “Usio is a valued partner that continues to provide us with innovative solutions to our growing electronic payment technology needs. The Voyager Debit Card gives cardholders a rewarding way to hold crypto and make it instantly available to spend on everyday purchases with the convenience of a debit card around the world. Usio answered the call with an elegant solution to this complex challenge. We look forward to growing our mutually beneficial relationship.”

Under this agreement, Usio will support the new Voyager Debit Card that will allow cardholders to spend cryptocurrency at the point of sale or earn rewards in cryptocurrency from debit card spending. Using Usio’s flexible APIs and industry leading technology, Voyager can provide its users with a contemporary consumer experience. In addition, Usio’s instant issuance will allow cards to be immediately deployed into digital wallets.

Consumers can pre-register for the Voyager Debit Card through www.investvoyager.com/debitcard.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to its clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. 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 Facebook® and Twitter.

FORWARD-LOOKING STATEMENTS DISCLAIMER

Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "continue,” 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 such risks related to an economic downturn as a result of the COVID-19 pandemic, the realization of opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, 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 the Company's filings 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 Company’s businesses and financial results 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 release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact:

Joe Hassett, Investor Relations

joeh@gregoryfca.com

484-686-6600

FAQ

What is the new agreement between Usio and Voyager Digital?

Usio has signed a three-year exclusive agreement to be the program manager and processor for Voyager Digital's new USDC-based debit card.

What rewards does the Voyager Debit Card offer?

The Voyager Debit Card offers up to 9% annual rewards on spending.

How many users does Voyager Digital have?

Voyager Digital currently has approximately 2.7 million registered users.

What technology does Usio provide for the Voyager Debit Card?

Usio provides flexible APIs and instant card issuance technology, allowing for immediate deployment into digital wallets.

When was the announcement made regarding the Usio and Voyager Digital partnership?

The announcement was made on November 19, 2021.