Usio to Provide the Integrated Payment Platform for a Leading Web-based ERP ISV with Annual Credit Card Processing Volume Exceeding $1 Billion

Usio, Inc. (Nasdaq: USIO), a cloud-based, integrated FinTech electronic payment solutions provider, today announced it had entered into an agreement whereby its innovative payments technology will be integrated into the software of a leading provider of web-based integrated Enterprise Resource Planning (ERP) solutions. The ISV’s ERP system is installed on hundreds of small, mid-sized and enterprise-level businesses. Usio’s payment solution will be fully integrated into the provider’s web-based software solutions, making it easier than ever for the ISV’s merchants to process all manner of electronic payments. As it is integrated, the ISV believes these improvements will prompt its merchants to readily migrate their electronic payment transaction processing volume onto the Usio payments platform.

Louis Hoch, President and Chief Executive Officer of Usio, said, “We welcome our new ISV and its customers to the Usio payment network. This is a significant competitive win as our new ISV has customers that process over $1 billion of electronic payments per year. If Usio achieves its objective to board all of the ISV’s existing merchants, their more than $1 billion of transaction processing volume could equate to over $20 million in annual recurring revenues for our Card business. Usio’s payment solution is currently being integrated into the ISVs web-based ERP solution. We expect to board the first group of merchants in the later part of the second quarter with boarding expected to ramp up from that point forward. Once boarded, we expect revenue to follow beginning late this year and more meaningfully in 2025.”

Hoch continued, “This new relationship reflects the strong value proposition that our PayFac-in-a-Box payment solution offers to independent software vendors (ISVs). Our technology allows ISVs to easily integrate flexible payment capabilities into their applications enabling their merchants to process all manner of electronic payments. Ease of use, the strength of our payment network, our ’white glove‘ customer service, and the flexibility of our solution were all factors that were heavily in our favor.”

The ISV provides ERP software for thousands of merchants, who generate approximately $6 billion in total revenues per year, of which more than $1 billion is in the form of electronic payments. The firm caters to a variety of verticals, primarily franchisees in the janitorial & sanitation, home improvement, and domestic services industries, but serves other markets as well, such as Government. In addition to their leading ERP software, the ISV has expertise in complex product configuration and sales (configure, price, quote), warehouse management, supply chain logistics, and a variety of other integrated business tools.