Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Usio Announces New Funds Disbursement Solution, Consumer Choice

Businesses, government entities and non-profits can now offer consumers full flexibility in how they want to receive funds, whether by virtual or physical prepaid card, ACH bank transfer, check or push payment

Usio, Inc: (Nasdaq:USIO), a leading FinTech integrated payment solutions provider, today announced its groundbreaking Funds Disbursement Solution, Consumer Choice. For the first time, organizations can easily offer their customers the flexibility to choose how they want to be paid – whether that be through a virtual or physical prepaid card, a direct transfer to a bank, a paper check or even a push payment to a debit card – all without the difficulties of integrating the technologies or assuming the risks of escheatment and handling electronic payments.

“Handling direct payments to consumers is a recognized pain point for businesses, governments and non-profits, whether that be for refunds, rebates, incentives, escheatment, disbursements or any other sort of payment,” said Louis Hoch, President and CEO of Usio. “Managing funds disbursement represents a significant risk for organizations, one that is seldom strategic to their core mission, yet consumers are demanding ever-increasing speed and flexibility in how such payments are handled.”

Consumer Choice increases efficiency, by way of reduced time and expense, of managing direct payment, through a single platform while also offering consumers the choice of multiple payment options. Additionally, Usio handles all Personal Identifiable Information (PII) and absorbs the risk of disbursing electronic funds, including handling the escheatment process for any unclaimed funds, so organizations can be confident their direct payment programs are fully compliant with all regulations.

“Usio is unique in offering all the elements of this integrated solution in-house, enabling an unparalleled level of integration that streamlines disbursements,” continued Louis Hoch. “Consumer Choice leverages Usio’s leadership in ACH payments, physical and virtual prepaid card management, push payments and print and mail. Businesses and other organizations will find this solution ideal for deposit and overpayment refunds, corporate expense reimbursement, incentive rewards programs, tip payouts, refunds, medical expense reimbursements and more.”

With the Usio solution, consumers are sent a text or an email with details on a pending payment. Consumers can then choose among these options for receiving the money:

  • Push Payments - send funds in real time to the recipient’s existing debit card
  • Card Management - send a virtual or physical branded prepaid Mastercard to any email address of mobile number. Virtual cards can easily be provisioned to Apple, Google or Samsung Wallets
  • ACH moves funds directly to a bank account
  • Printed checks leverage Usio’s ability to handle mass printing and mailing of checks, invoices and other documents

For businesses and other organizations, the Usio Consumer Choice solution expedites funds disbursement needs for businesses while reducing costs, mitigating fraud, improving overall manageability, and driving loyalty and retention.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading, cloud-based, integrated FinTech electronic 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 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 offices in Austin, Texas, and Franklin, Tennessee, just outside of Nashville.

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, 2021. 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.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.