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Usio Announces Further Penetration of Legal Software Industry with New Lexicon Software Partnership

SAN ANTONIO, June 30, 2020 (GLOBE NEWSWIRE) -- Usio (Nasdaq: USIO), a tech-enabled payment solutions provider, announced today that it has signed a partnership agreement with Lexicon, adding to the legal software partnerships recently announced, and further illustrating that the legal industry increasingly views Usioa??s proprietary PayFac-in-a-Boxa??A platform as the preferred payments technology. Lexicon, a legal services and technology provider for law firms of all specialties and sizes, will leverage Usioa??s Payment Facilitation platform to provide an integrated payments experience to its law firm customers and the associated end users those law firms support.
a??Our partnership with Lexicon demonstrates the continued confidence many forward-thinking software companies in the legal vertical place in Usio and our proprietary PayFac-in-a-Boxa??A payments technology platform,a?? commented Greg Carter, SVP of Payment Facilitation at Usio. a??By embedding our technologically advanced payments platform into their core software platform, Lexicon can streamline and simplify the payments needs of a large and growing market. Adding an outstanding and quickly-growing franchise like Lexicon to our existing portfolio of legal software clients strengthens our solid foundation in this industry and represents further market share gains in what is a highly fragmented market.a??a??Our new partnership with Usio exemplifies our philosophy to continuously adapt our products and services to provide best-in-class service and support,a?? Lexicon CEO Scott Brennan said. a??Lexicon Softwarea??s intuitive design and user interface is further boosted by utilizing the PayFac-in-a-Boxa??A technology from Usio that increases productivity and satisfaction that goes beyond our customers and is extended to their customers.a??Lexicon Software users nowA have the ability toA accept debit or credit card and Automated Clearing House (ACH) payments to more easily and conveniently remit payments.a??Our customers will be able to collect payment either through the Lexicon Software client portal or at point-of-service (POS), where the end result is a faster billing and payment cycle,a?? Lexicon CFO/COO Tom Boster said.
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