Usio, Inc. informed on January 31, 2023, that its exclusive partner, MoviePass, witnessed rising demand across the country, allowing it to expand its market penetration from 3 cities to 9 across the United States and sign strategic partnerships.
MoviePass uses Usio's proprietary prepaid card issuing platform and a unique external authorization engine to fund transactions for the MoviePass debit card.
Louis Hoch, President and Chief Executive Officer of Usio, said, "We had no idea of the power that MoviePass's brand held until we witnessed MoviePass signing up almost 800,000 beta clients in five days and believe that demand will not stop there. Stacy and his leadership team have generated so much interest from people across the country that they've had to increase the number of cities in which MoviePass will initially launch from three to nine."
He continued, "We're extremely pleased to serve them and their card holders with the most innovative prepaid card issuing technology on the market, specifically our external authorization capability, allowing MoviePass to fund prepaid cards the moment a customer redeems credits for a movie within the MoviePass ecosystem, allowing for greater funding control and spend management."
(Source – Business Wire)
Stacy Spikes, Co-Founder and Chief Executive Officer of MoviePass, remarked, "Due to the increasing demand for our platform and as fans across the country return to the movies, we're continuing to add new cities across the U.S. on a regular basis, including Atlanta, Chicago, Dallas, Houston, Indianapolis, Kansas City, Oklahoma City and Tampa Bay. When demand increases, so does the workload. That's why it is vitally important for MoviePass to have partners like Usio who can afford us the best opportunity to scale, through their technology as well as their customer service and success teams, to deliver an incredible user experience on our platform." "Without Usio, we wouldn't be able to continually add new cities to our launch list and have the competitive advantage we do in the marketplace," he concluded.
(Source – Business Wire)
About Usio
Usio, Inc., based in San Antonio (Texas), offers a variety of payment solutions to merchants, billers, banks, service bureaus, crypto exchanges, and card issuers. It provides easy, world-class credit, debit/prepaid, and ACH payment processing platforms to clients. Usio Output Solutions provides electronic bill presentation, document composition, deconstruction, printing, and mailing services. The company's innovative prepaid technology and customized card issuance, payment acceptance, and bill payment solutions make it strong.