Usio, Inc (NASDAQ:USIO) stock is trading higher in the opening session on Thursday. The stock has seen a nice uptrend since the start of the year with a jump of 125 year-to-date.
Market Action
As of 10:50, USIO stock moved up by 11.25% at $6.68. The stock has traded 119K shares, compared to its average volume of 152 shares. The stock opened at $5.90 and moved in a range of $5.88 – 6.72.
Usio Sets Another Transaction Volume Record, Processing More than $1 Billion Dollars in May 2021, the Highest Monthly Total in Company History
- announced that May 2021 was the Company’s first-ever month in which it processed in excess of $1 billion dollars of transaction volume.
“Our ACH business is driving unprecedented growth,” said Louis Hoch, President and Chief Executive Officer of Usio. “We had our best quarter of transaction processing volume in the fourth quarter of 2020, and in the first quarter of 2021 we doubled the dollar volume we processed in the fourth quarter of 2020.
That alone is reason to celebrate, but in the first two months of the second quarter of 2021, our ACH business has already exceeded the first quarter’s record number of transactions and dollar volume processed.
And, now in May 2021, we achieved our first $1 billion processing month, with over $1.1 billion in transaction dollar volume processed, which speaks to the strength of the relationships we are building with organizations in fast-growing industries, such as cryptocurrency and FinTech lending. As always, we look to sustain this momentum by focusing on execution, investing in technology, and providing unparalleled service, all with an eye to deliver shareholder value.”
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