Usio, Inc., a leading FinTech enterprise renowned for its comprehensive, cloud-based payment platform facilitating integrated acceptance and card issuing solutions, has shared an update regarding its collaboration with MOBILEMONEY, a trailblazer in the mobile financial services domain. MOBILEMONEY specializes in providing a spectrum of services including kiosks, hardware, software, installation, on-site training, cash management, and back-end administrative support across various sectors such as convenience stores, special events, gaming facilities, hospitality, and other businesses nationwide.
In 2021, MOBILEMONEY selected Usio’s proprietary card issuing platform to empower its self-service kiosks, facilitating cashless transactions. Since the inception of this collaboration, MOBILEMONEY’s kiosks have issued approximately 470,000 cards, driving a remarkable 600% surge in dollar transaction processing volume in 2023. Building upon this success, the expanded partnership now empowers MOBILEMONEY kiosks to dispense reloadable card accounts, with plans underway to further extend the collaboration by enabling virtual card issuance. This ongoing collaboration aims to elevate customer convenience and accessibility by offering a novel fusion of physical and virtual card issuance methods.
With an increasing number of venues transitioning towards cashless transactions, a trend accelerated by the pandemic, MOBILEMONEY’s reverse ATM kiosks facilitate consumers without credit or debit cards to convert cash into prepaid cards. These prepaid cards enable them to make purchases at a plethora of events and locations embracing cashless transactions.
Louis Hoch, CEO of Usio, expressed enthusiasm about the continued partnership, emphasizing Usio’s commitment to supporting the development and deployment of innovative electronic payment solutions with MOBILEMONEY. He highlighted the success of the reverse ATM kiosk program as a testament to the versatility of Usio’s card issuing platform and its impact on mobile financial services. Hoch reiterated Usio’s dedication to driving evolution in digital payments, citing strategic partnerships with innovative clients like MOBILEMONEY as pivotal to their growth strategy.
Larry Dunnwald, CEO of MOBILEMONEY, echoed Hoch’s sentiments, expressing satisfaction with the partnership’s success. He emphasized MOBILEMONEY’s dedication to providing today’s consumers with unparalleled financial flexibility and accessibility, underlining the demand for their unique solutions. Dunnwald credited the collaboration with Usio for enabling MOBILEMONEY to uphold its reputation for reliability, integrity, and respect, while fostering positive experiences for clients and customers alike. He expressed eagerness to continue working with Usio to push the boundaries of mobile banking and payment solutions.
About MOBILEMONEY
MOBILEMONEY is a pioneering force in the mobile financial services industry, dedicated to providing innovative solutions for seamless finance management. Through its commitment to financial inclusion, MOBILEMONEY empowers individuals and businesses with cutting-edge technology, redefining the possibilities of mobile banking and payment services.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO) is a leading cloud-based integrated FinTech electronic payment solutions provider. Offering a wide array of payment solutions to merchants, billers, banks, service bureaus, integrated software vendors, and card issuers, Usio operates credit, debit/prepaid, and ACH payment processing platforms. Through its unique payment facilitation platform as a service, Usio delivers convenient, world-class payment solutions and services to clients. Additionally, the company offers services related to electronic bill presentment, document composition, document decomposition, and printing and mailing services through its Usio Output Solutions division. Headquartered in San Antonio, Texas, with offices in Austin, Texas, Usio is recognized for its tailored solutions in card issuance, payment acceptance, and bill payments, backed by its innovative technology in the card issuing sector. For more information, visit www.usio.com, www.payfacinabox.com, www.akimbocard.com, and www.usiooutput.com.
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