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Emphasys Leveraging Usio’s Proprietary Payfac Technology to Offer Tenants Opportunity to More Safely Process $800 Million in Annual Tenant Payments
SAN ANTONIO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Usio (Nasdaq: USIO), a tech-enabled payment solutions provider, announced today that Emphasys Software, a leading provider of software solutions to public housing authorities (PHAs), housing finance agencies, local governments and financial lenders, has partnered with Usio to create MyTenantPayments, a new portal that will service Emphasys’ over 200 PHAs.
“Due to the COVID-19 pandemic, we have seen an expressed desire from many of the PHA’s we serve to eliminate, as much as possible, the in-person acceptance of paper checks and card payments. The MyTenantPayments portal allows Emphasys to offer an online payment solution to our 200+ Public Housing Authority customers who process about $800 million in annual tenant receivables,” said Larry Huckle, VP of Sales and Marketing at Emphasys Software. He continued, “We have created an integrated and electronic processing infrastructure inside of the Emphasys software that can handle both card and ACH payments, affording tenants the ability to easily and conveniently remit payments. MyTenantPayments solves for these challenges and completely mitigates in-person payments by providing PHA’s the ability to collect tenant payments electronically via various payment methods, including ACH (eCheck), credit and debit card. We’re confident PHAs will embrace the technology of MyTenantPayments as accepting payments electronically improves cash flows, eliminates the manual processes of receiving and depositing paper checks, and reduces costs overall.”
Commenting on the partnership, Greg Carter, Senior Vice President of Payment Facilitation at Usio, said, “Utilizing our proprietary Payfac-in-a-BoxTM technology, Emphasys will now offer a truly integrated payments functionality that will benefit PHAs, tenants, landlords, vendors, and the network of related entities associated with supporting affordable housing. With the beta testing phase successfully completed, we will now begin to migrate additional PHA’s onto our platform, which should lead to increased transactions and volume over the coming months. This is an exciting opportunity for Usio to further penetrate a large and growing vertical market where we are establishing a strong foundation.”
About Emphasys Software
As a pioneer of enterprise software for public housing authorities, Emphasys has set the standard for innovative compliance-based business solutions since 1976. Emphasys’ software is used to help manage and house nearly one million families through over 200 of the nation’s leading and many of the nation’s largest public housing authorities using our technology. Emphasys offers a complete suite of enterprise software applications with service and support that automates business processes efficiently and effectively.
Website: http://www.emphasys-software.com/. Find us on Facebook®, LinkedIn®, and Twitter®.
About Usio, Inc.
Usio, Inc. (Nasdaq: USIO), a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The strength of the Company lies in its ability to provide tailored solutions for card issuance, payment acceptance, and bill payments as well as its unique technology in the prepaid sector. Usio is headquartered in San Antonio, Texas, and has offices in Franklin, Tennessee, just outside of Nashville.
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