Usio’s Payments Technology Giving Sports Clubs a ‘Boost’
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Insights
The strategic partnership between Usio, Inc. and BoosterHub is a significant development within the FinTech and software industry for sports club management. Usio's PayFac-in-a-Box technology, which facilitates a variety of payment methods including credit/debit cards and Apple Pay, is a key driver behind BoosterHub's impressive 300% growth rate. This growth is indicative of the value that integrated payment solutions bring to Independent Software Vendors (ISVs) targeting niche markets.
From a financial perspective, the ability to process a variety of payment methods can lead to an increase in customer satisfaction and retention, which in turn, can translate into higher transaction volumes and revenue growth for both Usio and its clients. Additionally, Usio's revenue model likely benefits from transaction fees and the potential for a share in the transaction value, which could contribute to a more stable and predictable revenue stream, positively impacting Usio's financial health and attractiveness to investors.
The collaboration between Usio and BoosterHub reflects a growing trend in the software industry where companies seek specialized payment solutions that are both user-friendly and scalable. The focus on seamless payment experiences and personalized service is crucial in today's competitive market, where user experience can make or break customer loyalty. The integration of Usio's technology within BoosterHub's platform also highlights the importance of adaptability in payment solutions, catering to the diverse preferences within the sports club demographic.
As the demand for integrated payment systems continues to rise, Usio's positioning as a provider of such technologies could see them capturing a larger market share within the ISV space. This could potentially lead to further partnerships, similar to the one with BoosterHub, which would not only expand Usio's client base but also reinforce its reputation as a leading FinTech company in this niche.
The mention of custom features and ongoing support provided by Usio to BoosterHub suggests that Usio is committed to continuous innovation and customer-centric product development. This approach is vital in the FinTech space, where technological advancements are rapid and customer expectations are high. The ability to offer a range of payment options, including newer forms such as Apple Pay, indicates Usio's alignment with current FinTech trends and its capacity to meet the evolving needs of the market.
Furthermore, the emphasis on compliant reporting and management tools as part of Usio's offering is critical, given the stringent regulatory environment that financial services operate in. Compliance is a key concern for ISVs and Usio's ability to address this effectively can be a strong differentiating factor, potentially leading to greater market penetration and a competitive edge.
Integration of Usio’s Innovative Payment Technology is Key to BoosterHub’s Revolutionization of Sports Clubs Operation
Proprietary PayFac-in-a-Box Payment Technology Powering BoosterHub’s
Numerous Booster Clubs across the country have complimented BoosterHub on the elegance and simplicity of its customer payment interface, proprietary technology Usio integrated into BoosterHub’s software platform. As BoosterHub has grown, Usio has continued to support its payment technology needs with new, custom features that continue to provide customers a seamless payment experience and BoosterHub timely, accurate and compliant reporting and management tools.
“We are pleased to celebrate our relationship with BoosterHub, and we applaud them as one of the most remarkable growth stories in the Sports Club Software operations space,” said Louis Hoch, CEO of Usio, Inc. “Our proprietary PayFac-in-a-Box technology is the ideal solution for small to mid-sized Independent Software Vendors (ISVs) in need of payment technology that offers all of the contemporary payment capabilities while being easy to implement and use. This is a large and fast-growing segment of the software industry.
“We are proud to offer BoosterHub and others like them the ability to accept any form of payment,” continued Hoch, “from traditional credit or debit card to Apple Pay, and more, all the while offering them an opportunity to share in the value of the transactions flowing through their system. Our partnership with BoosterHub goes well beyond processing transactions. Together, we're not just streamlining processes; we're fueling growth and fostering a winning spirit in the world of sports organizations.”
Robin Eissler, CEO of BoosterHub, stated, “When we started looking for a partner who could offer us a state-of-the-art integrated payments solution that would be responsive to the needs of the millions of boosters across the country, we were quickly drawn to Usio. Sports clubs are a diverse group with a variety of payments preferences, so we wanted to make sure we offered them a flawless payment experience. We love our partnership with Usio. It gives our clients seamless integration, personal service and great rates. It allows us to build amazing software tools that maximize the impact of volunteers. From that initial implementation, we continue to add new features that expand our market opportunity and have proven to be instrumental to our success.”
About BoosterHub
BoosterHub offers contacts, calendars, website, email, chat, volunteering, accounting, credit card payments, and more all in one easy-to-use platform.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), is a leading Fintech that operates a full stack of proprietary, cloud-based integrated payment and embedded financial solutions in a single ecosystem to a wide range of merchants, billers, banks, service bureaus and card issuers. The Company operates credit/debit and ACH payment processing platforms, as well as a turn-key card issuing platform to deliver convenient, world-class payment solutions and services to its clients. The Company, through its Usio Output Solutions division, offers services relating to electronic bill presentment, document composition, document decomposition and printing and mailing services. 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
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 press 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," "should," "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, 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 Clearing House 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, 2022. One or more of these factors have affected, and in the future could affect, the Company’s businesses and financial results and could cause actual results to differ materially from plans and projections. Although the Company believes that the assumptions underlying the forward-looking statements included in this press release are reasonable, the Company can give no assurance such assumptions will prove to be correct. 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 press 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240312300217/en/
Paul Manley
Senior Vice President, Investor Relations
paul.manley@usio.com
612-834-1804
Source: Usio, Inc.
FAQ
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