Usio Welcomes Payments Veteran Mr. Jerry Uffner as Senior Vice President of Card Issuing Sales

Rhea-AI Summary

Usio, Inc (Nasdaq: USIO) appoints Jerry Uffner as Senior Vice President of Card Issuing Sales. Uffner's impressive track record in driving payment operation revenue growth and extensive experience in the fintech industry make him a valuable addition to the company's leadership team.

Positive

• Jerry Uffner's successful track record in driving revenue growth and stabilizing EBITDA in previous roles.
• Anticipation of record card issuing revenue growth in 2023 and beyond.
• Uffner's expertise in implementing innovative payment strategies and forging strategic partnerships.

Negative

• Lack of specific revenue or EBITDA growth percentages in previous roles.

SAN ANTONIO--(BUSINESS WIRE)-- Usio, Inc: (Nasdaq: USIO), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced the appointment of Mr. Jerry Uffner, an accomplished leader with a proven track record of driving payment operation revenue growth, as Senior Vice President of Card Issuing Sales.

Before joining Usio, Mr. Uffner held the position of President at Tern Commerce, Inc, an early-stage fintech payment company where he helped spearhead the launch of their Fintech Banking as a Service (BaaS) platform and established Tern as a Program Manager. Mr. Uffner previously served as Senior Vice President of Prepaid at FIS, successfully stabilizing revenue and increasing EBITDA in the Prepaid Division after a period of decline. In addition, Uffner was enlisted to rejuvenate FirstView Financial, achieving an impressive 100% increase in revenue during his tenure. Uffner has demonstrated his ability by developing numerous new prepaid products with market differentiation and unique positioning, earning him accolades in the form of payment industry product innovation awards. Jerry’s extensive sales leadership experience also includes serving some of the most notable publicly traded FinTech organizations such as Worldpay and First Data and privately held FinTech companies, such as TransCard and InComm.

Jerry also currently serves as President and a Board Member at BackPack Blessings in Marietta, GA.

Houston Frost, Usio Senior Vice President of Card Issuing, stated, “With record card issuing revenue growth anticipated in 2023, Jerry Uffner is a welcomed addition to our team. Uffner’s leadership and sales experience will contribute to our continued growth planned for 2024 and beyond. We eagerly anticipate his expertise in implementing innovative payment strategies, forging strategic partnerships and leading high-performing prepaid card issuing sales.”

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 San Antonio, Texas, and has a development office in Austin, Texas.

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/20231206285916/en/

Paul Manley

Senior Vice President, Investor Relations

paul.manley@usio.com

612-834-1804

Source: Usio, Inc.

FAQ

Who is the new Senior Vice President of Card Issuing Sales at Usio, Inc (Nasdaq: USIO)?

Jerry Uffner has been appointed as the new Senior Vice President of Card Issuing Sales at Usio, Inc.

What is Jerry Uffner's previous experience in the fintech industry?

Jerry Uffner has held leadership positions in fintech companies such as Tern Commerce, Inc, FIS, and FirstView Financial, demonstrating a successful track record in driving revenue growth and product innovation.

What are the anticipated growth prospects for card issuing revenue in 2023 and beyond at Usio, Inc (Nasdaq: USIO)?

Record card issuing revenue growth is anticipated in 2023 and beyond at Usio, Inc.

What expertise does Jerry Uffner bring to Usio, Inc (Nasdaq: USIO)?

Jerry Uffner brings expertise in implementing innovative payment strategies, forging strategic partnerships, and leading high-performing prepaid card issuing sales to Usio, Inc.