Usio Signs New ISV Agreement with BoosterHub to Provide an Integrated Payment Platform for Thousands of School Booster Clubs

Rhea-AI Summary

Usio, Inc. (Nasdaq: USIO) has partnered with BoosterHub to implement its PayFac-in-a-Box payment solution, enhancing payment processing for school booster clubs nationwide. This fully integrated system will streamline various payment options, including credit cards, ACH transactions, and contactless payments, facilitating user-friendly management of concessions and merchandise. CEO Louis Hoch emphasizes the flexible, comprehensive nature of this technology, while BoosterHub's Robin Eissler highlights its ability to simplify payment processes for volunteers and clients alike.

Positive

• The partnership with BoosterHub expands Usio's market reach to thousands of school booster clubs.
• Usio's PayFac-in-a-Box technology offers a comprehensive payment solution, enhancing user experience and operational efficiency.
• The integration allows for diverse payment processing options, including online and in-person transactions.

Negative

• None.

By Implementing Usio’s PayFac-in-a-Box Technology, BoosterHub now enables electronic payments from the concession stand to the school e-commerce site

SAN ANTONIO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), a FinTech and integrated electronic payment solutions provider, today announced a partnership with BoosterHub, LLC, that will bring Usio’s PayFac-in-a-Box payment solution to thousands of school booster clubs across the country. Usio’s payment solution will be fully integrated into BoosterHub’s cloud-based software that streamlines the management of booster clubs through easy club communication, e-commerce and point-of-sale solutions, volunteer management and other easy to use technology tools.  

Louis Hoch, President and Chief Executive Officer of Usio, said, “This is what our PayFac-in-a-Box payment solution was designed to do: Allow ISVs like BoosterHub to easily integrate flexible payment solutions into their applications so they can simplify the payment experience for their own customers, no matter what the setting or payment method. We welcome BoosterHub as a partner and look forward to developing a long and mutually beneficial relationship.”

“Our partnership with Usio offers our clients a desperately needed integrated payment solution,” said Robin Eissler, Team Mom at BoosterHub. “We chose Usio’s PayFac-in-a-Box platform because of its capability to manage payments in multiple settings. Our system streamlines tasks for our users and enables them to use one screen for all payment types – online and in person. BoosterHub required a payment system that could work seamlessly no matter the setting and offer tremendous flexibility in settlement options and that’s exactly what Usio provides.”

With Usio, BoosterHub's users can easily run a concession stand, accept credit and debit cards, process ACH transactions and contactless payments, set up team merchandise e-commerce sites within minutes, run reports, eliminate repetitive data entry and greatly reduce the chance for fraud. The completely integrated solution also makes it seamless for new users in the system, an important factor for managing the annual volunteer turnover such clubs often experience.

About BoosterHub, LLC

BoosterHub is a cloud-based software that streamlines the management of booster clubs through easy club communication, e-commerce and point-of-sale solutions, volunteer management and other easy to use technology tools. BoosterHub enables club volunteers to save time, increase funding and knock engagement out of the park.
Website: www.boosterhub.com/

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 company, through its division Usio Output Solutions 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 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," "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

FAQ

What is the partnership between Usio and BoosterHub about?

Usio and BoosterHub's partnership focuses on integrating Usio's PayFac-in-a-Box payment solution into BoosterHub's software, providing versatile payment processing for school booster clubs.

How will Usio's PayFac-in-a-Box benefit BoosterHub users?

The PayFac-in-a-Box will streamline payment management for BoosterHub users, allowing easy processing of credit cards, ACH transactions, and contactless payments.

What industry does Usio, Inc. operate in?

Usio operates in the FinTech sector, providing integrated electronic payment solutions.

What payment methods does Usio's solution support?

Usio's payment solution supports credit and debit cards, ACH transactions, and contactless payments.

What is the significance of this partnership for Usio's growth?

This partnership is significant for Usio as it enhances its service offerings and market reach within the educational sector, potentially driving revenue growth.