CORRECTING AND REPLACING: Usio, Inc. Chosen by ClassWallet to Process ACH Payments and Power Digital Payments Disbursement Programs

Company Overview - Usio, Inc. is a leading FinTech company that provides a full stack of integrated, cloud-based electronic payment and embedded financial solutions [3] - ClassWallet is recognized as the leading digital wallet for public funds, serving public agencies across 35 states and has delivered over $4 billion in public funds since 2014 [4] Partnership Expansion - Usio and ClassWallet have expanded their partnership, integrating Usio's electronic payments technology with ClassWallet's platform, which now includes ACH and proprietary remote authorization capabilities [2] - The partnership aims to create a comprehensive ecosystem of payment technology, enhancing the payment process for ClassWallet's service provider vendors, leading to more predictable and faster vendor payments [2] Impact on Agencies - The expanded partnership provides agencies with new insights and analytics to better understand program outcomes, maximizing the impact of their programs for the people they serve [1][3] - Jamie Rosenberg, ClassWallet's CEO, emphasized that the partnership helps further ClassWallet's mission and creates opportunities for clients and end users [3] Company Recognition - ClassWallet was recognized by J.D. Power in 2024 for providing "An Outstanding Customer Service Experience" for Phone Support, indicating high customer loyalty and satisfaction [4]