In This Article:
Usio’s Proprietary ACH Processing and Remote Authorization Technology Continues to Provide Innovative Solutions to a Host of Fund Disbursement Needs
SAN ANTONIO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Usio announced corrections to the fifth paragraph of its press release that was distributed on October 16, 2024.
The fifth paragraph is corrected to read as follows, “Jamie Rosenberg, ClassWallet founder and CEO, noted that the expanded partnership also provides agencies with new insights and analytics to better understand program outcomes and help the agencies that use ClassWallet maximize the impact of their programs for the people they serve.”
Originally, this paragraph read, “Jamie Rosenberg, ClassWallet founder and CEO, noted that the expanded partnership also provides ClassWallet with a wealth of data. This data can be mined by ClassWallet’s agency customers to better understand program outcomes so that these agencies can improve the impact of their programs on the people they serve.”
A Full Text of the Corrected Release follows:
Usio, Inc. (NASDAQ:USIO), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced the continued expansion of its partnership with ClassWallet, the leading purchasing and reimbursement platform for public funds.
“Usio and ClassWallet’s strong partnership continues to create innovative new solutions for an ever-widening array of prepaid and funds disbursement applications,” said Houston Frost, Usio’s Chief Product Officer. “Building on their existing integration of our electronic payments technology, ClassWallet is now adding industry-leading ACH and proprietary remote authorization capabilities into its digital wallet technology platform. These new solutions address the need to both offer a robust payments platform and enable the building of innovative payment solutions demanded by its customers. We are extremely pleased to provide an integral element of ClassWallet’s various digital electronic payments solutions, and we look forward to supporting their growth objectives.”
The partnership creates a comprehensive ecosystem of payments technology ClassWallet can use to accelerate the pace of innovation to bring new products to market. The partnership also enhances the payment process for ClassWallet’s service provider vendors, resulting in efficiencies for more predictable and faster vendor payments.
Jamie Rosenberg, ClassWallet founder and CEO, noted that the expanded partnership also provides agencies with new insights and analytics to better understand program outcomes and help the agencies that use ClassWallet maximize the impact of their programs for the people they serve.