Usio Reports Record Fourth Quarter Electronic Payments Transaction and Processing Volume

Record Full Year 2020 Transaction Volume Creates Strong Momentum in New Year

Prepaid transactions more than double, credit card processing transactions nearly double in the fourth quarter

On Pace for Strong Growth in 2021

SAN ANTONIO, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Usio, Inc. (Nasdaq: USIO), an integrated electronic payment solutions provider, today reported record transactions and processing volume for the fourth quarter of 2020 and record transactions processed for the full year 2020.

Louis Hoch, President and Chief Executive Officer of Usio, said, “Transaction processing volume continues on the strong growth trajectory achieved over the past two years, with the best quarterly performance in the Company’s history over the last three months of 2020. In the fourth quarter, prepaid transaction volume more than doubled while credit card transactions processed, including PayFac, nearly doubled. This provides strong momentum as we begin the new year which, together with our recent accretive acquisition of IMS, should generate strong revenue growth in the first quarter and throughout the year. While ACH volumes were down slightly from the same quarter in 2019, transaction volume grew 13% and returns grew 39% sequentially from the third quarter.”

Fourth Quarter 2020 Processing Results
Card Processing, Including PayFac
	vQ4 19
Credit Card Dollars Processed	+ 17%
Credit Card Transactions Processed	+ 97%
Prepaid
	vQ4 19
Prepaid Card Load Volume	+  95%
Prepaid Card Transaction Volume	+143%
ACH
	vQ4 19
Electronic Check Transaction Volume	- 6%
Returned Check Transactions Processed	-13%

In the fourth quarter of 2020, total dollars processed were $920 million and total transactions processed were 5.5 million.   Both total dollars and transactions are the most for any single quarter in the history of the Company.

Year 2020 Processing Results
Card Processing, Including PayFac
	v2019
Credit Card Dollars Processed	+ 14%
Credit Card Transactions Processed	+ 58%
Prepaid
	v2019
Prepaid Card Load Volume	+162%
Prepaid Card Transaction Volume	+  97%
ACH
	v2019
Electronic Check Transaction Volume	- 12%
Returned Check Transactions Processed	- 29%

For 2020, total transactions processed were up 19% to a record 18.2 million, while dollars processed were $3.34 billion.

About Usio, Inc.

Usio, Inc. (Nasdaq: USIO), a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Austin, Texas, and Franklin, Tennessee, just outside of Nashville. Websites: www.usio.com, www.singularpayments.com, www.payfacinabox.com, www.akimbocard.com, and www.ficentive.com. Find us on Facebook® and Twitter.

FORWARD-LOOKING STATEMENTS DISCLAIMER
Except for the historical information contained herein, the matters discussed in this release include forward-looking statements which are covered by safe harbors. Those statements include, but may not be limited to, all statements regarding management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. These forward-looking statements are identified by the use of words such as "believe," "intend," "look forward," "anticipate," "should,” and "expect" among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including risks related to the COVID-19 pandemic and its effect on the economy, risks related to the realization of the anticipated opportunities from the IMS acquisition, the management of the Company's growth, the loss of key resellers, the relationships with the Automated Clearinghouse network, bank sponsors, third-party card processing providers and merchants, the security of our software, hardware and information, the volatility of the stock price, the need to obtain additional financing, risks associated with new tax legislation, and compliance with complex federal, state and local laws and regulations, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission including its annual report on Form 10-K for the fiscal year ended December 31, 2019. One or more of these factors have affected, and in the future, could affect the Company’s businesses and financial results in the 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 significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to management. The Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact:
Joe Hassett, Investor Relations
joeh@gregoryfca.com
610-228-2110