Usio’s prepaid card technology now featured as part of Mastercard’s City Possible program
Usio, an integrated electronic payment solutions provider, and Mastercard, a technology company in the global payments industry, announced efforts to continue to integrate Usio’s prepaid platform into Mastercard’s City Possible™ network.
Read More: GlobalFintechSeries Interview with Gerard Griffin, CEO at AnyDay
“What began as an introduction from Mastercard to help the Mayors Fund for Los Angeles provide direct financial assistance to Los Angeles residents whose livelihoods were hardest hit by the pandemic is now evolving into a much deeper relationship between Usio and Mastercard’s City Possible network,” said Houston Frost, Senior Vice President, Prepaid Products, of Usio. “Through Mastercard’s City Possible program and Accelerator for America, we have been able to rapidly deploy our prepaid card solutions to dozens of organizations across the country to get money into the hands of those who need it most.”
Read More: The Influence of Mobile Apps WeChat Pay and Alipay Extends Far Beyond China’s Borders
Prepaid card solutions provide organizations with a simple way to distribute funds, and the recipients get an instrument to access the money immediately, without the need of a bank account or check cashing.
“At the height of the pandemic in Los Angeles, hundreds of thousands of people were left without an income, it was clear there would be a dire and immediate need for direct financial assistance,” commented Miguel Gamino, Executive Vice President Enterprise Partnerships and Head of Global Cities, Mastercard. “Usio developed an innovative solution utilizing their unique technology to assist those in need. With Usio’s support, we have expanded this comprehensive program to five of the ten largest cities in the United States. We look forward to expanding our relationship with Usio as the City Possible network continues to grow.”
Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize
