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Re: asp42001 post# 1099

Friday, 07/08/2022 9:44:17 AM

Friday, July 08, 2022 9:44:17 AM

Post# of 1495
Will There Be More USIO Contracts In 2022 & beyond?

Houston Frost, senior vice president of corporate development and prepaid products, added, echo Louis’ sentiments in thanking NYCEDC for the opportunity to provide the backbone of electronic payments for this important, fast growing and highly visible program. This CONTRACT is a natural extension of the prepaid and related solutions that we have been providing to New York City agencies since last year, when they were tasked with disbursing funds under the various charitable and other aid programs. economic aid programs developed in response to the pandemic. For many of these programs, prepaid was the payment solution of choice because of its many advantages over other types of payment. Under this program, recipients can choose to either receive a prepaid card in the mail to their home or receive their payment immediately on their smartphone, where we will use our advanced virtual card technology. Our goal is to provide users with a convenient and easy-to-use electronic payment solution that offers them all the benefits of improved record keeping, tracking and other benefits and that is offered in a contemporary format with which their end consumers are extremely comfortable. e.o.m.

Paperless and cashless helping hand "Companion Card" payments. Smart Card fUSIOn demand outweighs supply.

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