USIO - Usio It Or Lose It: How This Company Says It Is Addressing Integrated Payment Solutions Needs
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E-commerce has beensteadily growing for the past two decades.
Sales from retaile-commerce hit $919 billion in 2021 and are projected to top $1 trillion for the first time this year. People are spendingmore time visiting e-commerce sites, and while Amazon.com Inc. (NASDAQ: AMZN) dominates internet traffic as tracked by monthlyvisits, many companies are looking to expand their online options.
As retail salesand overall revenue continue to mount, companies are reportedlylooking for better and more streamlined payment options that willallow them to give a better customer experience and a more organizedinternal revenue stream.
Severalfinancial technology companies offer payment solutions andintegration. While the largest of these remains Visa Inc. (NYSE: V), others such as Block Inc. (NYSE: SQ) and PayPalHoldings Inc. (NASDAQ: PYPL) offer various benefits in the market.
A Company Integrating Payment Solutions
Usio Inc. (NASDAQ: USIO) is one company that reports helping companies engagemore seriously with the revenue stream demands of businesses that haveboth a physical and e-commerce presence.
A fintech company with over 20 years ofexperience serving a variety of verticals, Usio provides multiplesolutions that are focused on streamlining the processes by whichtheir customers accept or disburse payments— all customized directlyto their clients needs. Usio says its turnkey payment solutionplatform is a one-stop answer to all a company’s in-going andout-going payments.
Usio’s products and services include ACH, PaymentFacilitation, Prepaid Card Issuing, Electronic Bill Presentment andPayment (EBPP) as well as print and mail for those who elect to remitphysical bills and invoices. By providing such a comprehensive suiteof financial offerings, Usio has a wide array of clients, fromsoftware companies, merchants and billers to banks, service bureaus,municipalities and card issuers.
Usio is proud of its Payment Card Industry DataSecurity Standard (PCI DSS) level 1 certification — the highestlevel of compliance available. Level 1 indicates a platform with ahistory of safe and secure financial operations and is only awarded tocompanies that facilitate over 6 million safe and compliant onlinefinancial transactions annually.
Usio is also Nacha Certified as a third-partysender, which the company says demonstrates compliance and internalguidelines of a higher standard.
Usio reported steady revenue growth over the pastseveral years and predicts 16% to 20% growth in 2022 over 2021. Lastyear, the company processed 35 million transactions, a 94% increasefrom 2020-2021 and processed $9.5 billion dollars, nearly three timesmore than the amount of payment volume processed in 2020.
Usio President and CEOLouis Hoch said, “Our strategy remains to build strong relationshipsand lever our multi-channel distribution strategy to serve diverse endmarkets to expand the Usio franchise and build value for ourshareholders. We have a strategy of being diverse in the industries weserve as well as in the payment channels we provide. And that strategyhas generated a lot of growth and served us very well and has alsocreated a strategic advantage over other payment companies that servespecific industries or have less payment channels. These are excitingtimes at Usio as we continue to introduce new, innovative solutions tothe electronic payments market that has enabled us to consistentlyoutpace market growth over the past several years.”
To learn more aboutUsio, visit its website .
Usio, Inc. is atech-enabled payment solutions provider to merchants, billers andsoftware companies . We provide an extensive set of tailoredproducts to deliver world-class payment acceptance, processing, andrisk/fraud management.
This post contains sponsoredadvertising content. This content is for informational purposes onlyand is not intended to be investing advice.
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