Welcome to our dedicated page for Usio news (Ticker: USIO), a resource for investors and traders seeking the latest updates and insights on Usio stock.
Usio Inc (Nasdaq: USIO) delivers innovative electronic payment solutions and FinTech services through its cloud-based platform. This news hub provides investors and stakeholders with timely updates on company developments, financial performance, and strategic initiatives.
Access official press releases and curated news covering earnings announcements, partnership agreements, product innovations, and operational milestones. Our repository consolidates critical information for analyzing Usio's position in the payment processing sector and output solutions market.
Key updates include transaction processing advancements, ACH network expansions, and developments in electronic bill presentment technology. Users will find details on leadership changes, regulatory compliance achievements, and client acquisition trends relevant to the FinTech industry.
Bookmark this page for streamlined access to verified updates about Usio's payment facilitation services and document management solutions. Check regularly for new insights into the company's growth within evolving digital payment ecosystems.
Usio, Inc. (Nasdaq: USIO) reported its third quarter results for 2022, marking the ninth consecutive quarter of revenue growth with $16.4 million in revenue, up 4% from the previous year. Key drivers included a record performance in the Card segment and an increase in Output Solutions revenue by 32%. Despite challenges with lower margin ACH services and decreased prepaid card activity, Usio expects strong cash flow generation from estimated $18 million in breakage revenue. The company maintains a 12% - 18% revenue growth outlook for the year.
Usio, Inc. (Nasdaq: USIO) announced the release of its third quarter fiscal year 2022 financial results on November 9, 2022, after market close. The results for the period ending September 30, 2022, will be discussed during a conference call on the same day at 5:00 p.m. Eastern time. Interested parties can join by calling U.S. number 1-844-883-3890 or international number 1-412-317-9246, or via a live webcast on Usio's website. A replay of the call will be available after approximately one hour of the call's conclusion until November 23, 2022.
Usio, Inc. (Nasdaq:USIO) announced its participation in the 15th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel in Los Angeles on
Usio, Inc. (NASDAQ: USIO), a leading integrated payment solutions provider, will present at The Windy City Roundup on
Usio, Inc. (NASDAQ: USIO) announced the passing of its Chairman and co-founder, Michael R. Long, on September 7, 2022. Louis Hoch, the CEO, expressed deep sadness and highlighted Long's significant contributions to the company since its founding in 1998. The board unanimously voted to name Long as Chairman Emeritus in a special meeting on September 12, 2022. Hoch will assume the Chairman role alongside his current positions. The board remains compliant with Nasdaq's corporate governance rules following Long's demise.
Usio, Inc. (Nasdaq: USIO) has launched its innovative Funds Disbursement Solution, called Consumer Choice, allowing organizations to offer consumers various payment options including prepaid cards, ACH transfers, checks, and push payments. This solution streamlines direct payments while mitigating risks associated with electronic funds disbursement. By managing all aspects of payment processing, Usio enhances efficiency and compliance, catering to businesses seeking to improve customer satisfaction and reduce operational costs. The platform is ideal for various applications, including refunds and corporate reimbursements.
Usio, Inc. (Nasdaq: USIO) has launched a new Point-of-Sale Credit solution, enabling businesses to offer instant credit without the risks associated with consumer lending. The market for point-of-sale consumer lending is projected to double from
Usio, Inc. (NASDAQ: USIO) has entered an exclusive partnership with MoviePass to launch a branded MoviePass Debit Card for subscribers. Usio's prepaid card issuing platform will manage this program, enhancing the user experience with immediate funding capabilities when movie credits are redeemed. Louis Hoch, Usio's President, emphasizes the company's technological edge in the electronic payments sector. MoviePass co-founder Stacy Spikes stated that this collaboration offers a competitive advantage. Usio has a history of support for MoviePass, having previously invested in the company.
Usio, Inc. (NASDAQ: USIO) has been highlighted by Mastercard in its marketing campaign for the City Key™ program. This program rewarded 900,000 New York City residents with $100 for receiving a COVID-19 vaccine, aimed at accelerating vaccination rates and aiding economic recovery. Usio's prepaid card technology facilitated these incentive payments, marking a significant partnership with Mastercard. The program distributed over $90 million in rewards, showcasing Usio's capacity in integrated payment solutions.
Usio, Inc. has appointed Paul Manley as the new Senior Vice President of Investor Relations, effective August 22, 2022. With over 25 years of experience, including prior roles at Wrap Technologies and leading financial firms, he aims to enhance Usio's investor relations efforts. Louis Hoch, President and CFO, expressed enthusiasm over Manley's expertise, indicating it will help improve stakeholder understanding of the company's strategy and financial performance. Usio specializes in cloud-based integrated payment solutions for various entities, including merchants and banks.