Usio and Voyager Digital extend exclusive ACH Payments processing relationship for another three years

By Edlyn Cardoza

Usio, Inc., an integrated electronic payment solutions provider, recently announced that it extended an exclusive agreement to provide Automated Clearing House (ACH) payment solutions to leading cryptocurrency platform Voyager Digital for another three years, continuing a relationship that began in 2018.

Louis Hoch, President and Chief Executive Officer of Usio, said, “We are pleased to announce a three-year extension of this exclusive agreement. It remains the foundation of our growing relationship with Voyager, that now includes our role as program manager and processor for their newly introduced debit card, as well as incorporating Voyager’s technology into our card processing solutions to enable the merchants Usio serves to accept cryptocurrency as a form of payment in-person, online, via electronic invoice and text-to-pay, among others. Voyager utilizes our NACHA certified ACH platform to facilitate the movement of USD in and out of Voyager accounts for their 1 million and growing funded accounts. Whether via ACH, debit, or other forms of electronic payment, we are honored that Voyager has expressed confidence that Usio is responsive to their needs.”

Stephen Ehrlich, CEO and co-founder of Voyager, noted, “Usio has been a trusted Voyager partner from the inception of our company. ACH is an integral component of our app and Usio provides efficient, secure transfers on behalf of our customers. As a NACHA certified processor, Usio has the means to satisfy the needs of our rapidly expanding customer base. Extending this relationship for three years provides us with the reliable payment technology and dedicated team we need to continue to build out our platform. We are excited to continue working with Usio to grow our partnership and deliver more exciting products and solutions, like our innovative debit card that is based on the stable coin USDC.”

Recently, IBS Intelligence reported that Usio, Inc., a FinTech integrated electronic payment solutions provider, announced the closing of a private placement of 142,857 shares of common stock, at a purchase price of $7.00, for net proceeds of $1 million.