Usio prepaid card solution featured in Mastercard’s new marketing campaign on next-generation solutions
SAN ANTONIO, August 23, 2022–(BUSINESS WIRE)–Usio, Inc. (Nasdaq: USIO), a leading provider of integrated cloud-based FinTech payment solutions, today announced that Mastercard has chosen to feature Usio as an example key to its Next Gen solutions in its new marketing campaign for Mastercard City Key™. The program presented was a prepaid Mastercard® issued by the New York City Economic Development Corporation (NYCEDC) on behalf of the City of New York, which was used to reward New York residents who received a COVID-19 booster shot.
“The City Key™ program we launched with the New York City Economic Development Corporation has accelerated New York City’s immunization rate and jump-started the city’s economic recovery from the pandemic,” said Jody Barnett, chief global cities, mobility and public transport. at MasterCard. “We are proud to work with innovative partners like Usio to deliver next-generation solutions that improve lives and have lasting impact.”
Louis Hoch, President and CEO of Usio, said, “Mastercard is a dynamic organization with a long history of introducing innovative new payment technologies. As part of a new marketing campaign around its “nextgensolutions”, Mastercard highlights the particularly impactful programs it has sponsored. Included is the program we worked on in tandem with Mastercard for the New York City Economic Development Corporation which distributed a $100 cash incentive payment to 900,000 New York residents who received their first dose of a COVID vaccine. -19. a prepaid card powered by Usio using our proprietary prepaid technology. Mastercard has been a valued partner of Usio for several years, and we are very flattered that they have chosen this program among the many they have sponsored as part of their new marketing campaign. We look forward to continuing to build this mutually beneficial relationship. »
To view the case study and learn more, visit https://www.mastercard.us/en-us/business/nextgensolutions.html.
Mastercard + New York
Mastercard City Key™ is a solution used to aid in emergency response efforts that provides essential financial assistance to those in need. The New York City Economic Development Corporation (NYCEDC), on behalf of New York City, has launched an incentive program offering $100 to people who have received their first dose and a booster dose of the COVID-19 vaccine. The incentive program accelerated vaccination rates and enabled the city’s economic recovery by ensuring New Yorkers could safely return to work, support local restaurants and businesses, and visit arts and cultural institutions. NYCEDC has distributed over $90 million in $100 cash rewards to more than 900,000 New Yorkers through physical, postal and virtual debit cards.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading provider of integrated, cloud-based FinTech electronic payment solutions, offers a wide range of payment solutions to merchants, billers, banks, offices services, crypto exchanges and card issuers. The company operates credit, debit/prepaid and ACH payment processing platforms to provide its customers with convenient, world-class payment solutions and services. The Company, through its Usio Output Solutions division, offers services related to electronic invoice presentment, document composition, document breakdown, and printing and mailing services. The Company’s strength lies in its ability to provide tailor-made solutions for card issuance, payment acceptance and bill payment as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, TX, with offices in Austin, TX and Franklin, TN, just outside of Nashville.
Websites: www.usio.com, www.payfacinabox.com, www.akimbocard.com and www.usiooutput.com. Find us on Facebook® and Twitter.
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Except for historical information contained in this release, the matters discussed in this release include forward-looking statements that are covered by safe harbors. These statements include, but are not limited to, all statements regarding management’s intent, beliefs and expectations, such as statements regarding our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as “believe”, “intend”, “expect”, “anticipate”, “plan” and “expect”, among others. The forward-looking statements contained in this press release are subject to certain risks and uncertainties inherent in the business of the Company that could cause actual results to vary, including risks relating to an economic downturn resulting from the COVID-19 pandemic, the realization opportunities from the acquisition of IMS, management of the Company’s growth, loss of key resellers, relationships with the Automated Clearinghouse network, banking sponsors, third-party card processing providers and merchants, security of our software, hardware and information, share price volatility, the need to obtain additional financing, risks associated with new tax laws and compliance with complex federal, state and local laws and regulations, as well as as other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. on including its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. One or more of these factors affect, and in the future may affect, the Company’s business and financial results in the future. 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 material uncertainties inherent in the forward-looking statements included herein, the inclusion of this information should not be construed as a representation by us or anyone else that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information currently available to management. The Company undertakes no obligation to update forward-looking statements, except as required by law.
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Paul Manley, Senior Vice President of Investor Relations