Usio, Inc. provided updates on its partnership with MOBILEMONEY. A trailblazer in the mobile financial services industry, MOBILEMONEY provides kiosks, hardware, software, installation, on-site training, cash management, and back-end administrative support to a variety of markets including convenience stores, special events, gaming facilities, hospitality, and other businesses throughout the country. Their experience and client base demonstrate Usio?s commitment and ability to support unique financial solutions that serve specialized markets.

In 2021, MOBILEMONEY chose Usio?s proprietary card issuing platform to power its self-service kiosks that enable cashless transactions. Since the launch, MOBILEMONEY?S kiosks have issued approximately 470,000 cards, resulting in dollar transaction processing volume that grew 600% in 2023. The company's recently expanded partnership powers MOBILEMONEY kiosks to disburse reloadable card accounts with plans to further expand the partnership by supporting virtual card issuance.

The continued collaboration will enhance customer convenience and accessibility by enabling a novel combination of physical and virtual card issuance. A growing number of venues are moving toward cashless transactions, a trend which accelerated during the pandemic. The trend has continued with venues recognizing cashless payments speed transactions and increase customer spend.

MOBILEMONEY'S reverse ATM kiosks enable consumers without a credit or debit card the ability to convert cash to a prepaid card they can then use to purchase food, merchandise and sundries at the growing number of events and locations that only accept cashless transaction.