How Integrated Payment Solutions Provider Usio (NASDAQ: USIO) Is Getting Ahead Using Proprietary Technology To Help Partners Like Mastercard

Ringing the bells for this jolly season? Usio Inc. USIO certainly is, as it got to ring the NASDAQ bell this November. The company believes it has a lot to be making noise about this holiday season.

Texas-based integrated payment solution provider, Usio, offers a range of payment services to help software companies. businesses and consumers modernize their options in an economy where digital payments make up the largest section of the financial technology market. These services include its proprietary technology for payment facilitation (PayFac), automated clearing house (ACH) payments, and prepaid card solutions. 

Others competing in the payment solution industry include  Fidelity National Information Services Inc. FIS, JPMorgan Chase & Co. JPM, Block Inc. SQ, PaymentCloud, and National Processing. Usio is working at the heart of this industry to become the leader in delivering integrated and up-to-date payment solutions.

Unboxing The Payment Options

Unlike some other companies that simply white-label technology from other payment companies and charge substantial monthly platform fees, Usio developed and owns its PayFac platform, making it more nimble and responsive to customer needs, and allows its users to create new revenue streams from the payments passing through their platform with no integration or monthly costs. Usio’s PayFac-in-a-box proprietary technology delivers a full circle payment integration, including its automated enrollment system, that easily onboards all of a business’s current and new customers.

Cutting out costly and laborious certification processes for individual merchants, Usio gets businesses and merchants approved and processing in less than 30 minutes –- a speed unmatched by its competitors. And with its suite of application programming interfaces (APIs) forming a full toolkit for payment solutions, each business can custom develop the platform for its specific needs. The platform is compatible with every major card type, and can host ACH, e-check, and Electronic Bill Pay Presentment (EBPP), meaning that businesses can now conduct all their financial transactions in one place. 

ACH And PrePaid Cards

Along with its integrated PayFac platform, Usio also delivers state-of-the-art options when it comes to ACH payments. The company's ACH options feature same-day payment processing and deliver payments at rates far more economical than credit card transactions. Employing multiple originating financial depository institutions (OFDIs), Usio provides businesses with greater control and faster fund delivery in an increasingly competitive digital market. Usio is also able to tout National Automated Clearing House Association (NACHA) certification, demonstrating its compliance with the highest safety standards and its commitment to protecting customers from financial fraud.

Paired with its ACH options, Usio’s recent partnership with Mastercard helped profile the exciting options available as part of its prepaid card program. Through its turnkey “Akimbo” platform, Usio serves businesses, non-profits, government agencies and others looking for prepaid card issuing and management. Strong banking relationships allow it to support customers’ card programs, including both physical or digital cards delivered by mail or text. Meanwhile, its RESTful API can be customized for businesses developing their own custom-branded prepaid program. 

To learn more about Usio, visit its website.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Featured photo by Ivan Kruk on Shutterstock.