Usio Continues to Set New Records
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.
- Achieved record ACH Dollars Processed in 2021, surpassing total for 2020 in under seven months.
- CEO projects potential for record revenues this year, indicating strong growth trajectory.
- None.
ACH Transactions and Dollars Processed 2021 Year-to-Date Already Exceed Full Year 2020, ACH Dollars Processed Year-to-Date is New All Time Record
SAN ANTONIO, July 19, 2021 (GLOBE NEWSWIRE) -- Usio, Inc: (Nasdaq:USIO), a FinTech and integrated electronic payment solutions provider, today announced that it has set a new record for ACH Dollars Processed in a Year. Year-to-date, Usio has processed more ACH Transactions than all of 2020. Additionally, the dollars processed have already set a new all-time annual record.
Louis Hoch, President and Chief Executive Officer of Usio, said, “In less than seven months we have surpassed the total ACH Transactions and dollars Processed than all of last year. Our innovative technology, increasing penetration of the fast-growing cryptocurrency and FinTech lending industries, and strong relationships continue to fuel our growth. As a result, we are on a trajectory to achieve record revenues this year and are well positioned for even greater success in the future."
Usio will announce transaction results in the upcoming weeks and it will include all-time records for PayFac/Card processing and other outstanding results for operating metrics.
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 their 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.singularpayments.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com.
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," "schedule,” 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 tax 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
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