Latest news with #UniversalProcessing
Associated Press
4 days ago
- Business
- Associated Press
Universal Processing Celebrates Grand Opening of New Headquarters, Reinforcing Commitment to Empowering Underserved Businesses
New York, New York--(Newsfile Corp. - July 2, 2025) - Universal Processing (uP), a leading financial technology company dedicated to empowering underserved businesses across America, is looking towards the future after a star-studded grand opening of its Times Square headquarters. The theme of the night was 'Brick by Brick', a celebration of the people and partnerships that have shaped the company's journey. uP was proud to host many of the people who have been integral to the company's success, and were honored that some of New York's most well-known and influential politicians stopped by the event to make speeches. [ This image cannot be displayed. Please visit the source: ] Image 1 To view an enhanced version of this graphic, please visit: Former Governor George Pataki had this to say about uP's contributions during the COVID-19 pandemic: 'I want to thank Universal Processing, because without what you did during that terrible time, many of the businesses that New York counts on wouldn't be here today.' It was an honor for uP to be recognized by the former governor, as during the pandemic - when Asian-owned businesses across the city were hit hardest - uP stepped in as a lifeline. The company offered multilingual support, financial relief, PPE, and digital tools to help stabilize their communities. [ This image cannot be displayed. Please visit the source: ] Image 2 To view an enhanced version of this graphic, please visit: Former Governor David Patterson also stopped by to applaud uP founder and CEO, Saint Hung: 'For the leadership and all that you have done, for the efforts you waged, and your expansion of concepts that I think is bringing more business to the area and to areas around here…you've done a marvelous job and we look forward to bigger and better things.' [ This image cannot be displayed. Please visit the source: ] Image 3 To view an enhanced version of this graphic, please visit: New York State Senator Stephen Chan crafted a powerful metaphor for Hung's leadership of the company: 'Everybody here is a cog in this timepiece and everybody must be in their place and work in order for our community, our society, our city to tick,' said Mr. Chan. 'Saint is the driving force in that timepiece. He is the conductor of this symphony, and if everybody plays their part correctly, that's what is going to make it sound good. That's what is going to make it beautiful.' 'Saint Hung is committed to growing small and medium-sized businesses in New York,' said Chairman of the New York State Republican Party, Ed Cox. 'These new headquarters in New York City are about the growth of Universal Processing and about Mr. Hung's and Universal Processing's commitment to New York City. Thank you Mr. Hung.' In a surprise move, New York State Assemblymember Lester Chang awarded Universal Processing with a New York State Assembly Citation. 'I applaud you because you had the foresight, vision, and optimism to create this business,' said Assemblymember Chang. 'Writing a citation for me is easy, but earning a citation is the real work.' [ This image cannot be displayed. Please visit the source: ] Image 4 To view an enhanced version of this graphic, please visit: 'We know in New York State that it's the small businesses that are the economic engine that drive this great state,' said New York State Assemblymember Al Taylor, 'so thank you for investing, thank you for being a risk taker.' As uP continues to be recognized for its achievements in the fintech space and expand its service offerings, the company remains focused on its mission to democratize access to fintech solutions, helping more businesses move 'uP'. The new headquarters in Times Square marks a significant milestone in this journey, providing a platform for continued growth and impact. It is also particularly meaningful to founder and CEO Saint Hung, whose father - an architect - worked on Philip Johnson's Times Square Redevelopment Project in 1989. 'For me to come back here and stake my claim to Times Square, it's been an effort 36 years in the making,' said Hung. For media inquiries, event details, or partnership opportunities, please contact: Yin Yu uP PR Team [email protected] About Universal Processing Universal Processing is an award-winning fintech and payment solutions provider, specializing in serving underserved businesses and partner channels with full-service payment processing. As a certified Minority-Owned Business, uP is committed to providing transparent, secure, and scalable payment solutions with 24/7 multilingual support. Learn more at To view the source version of this press release, please visit
New York Post
27-06-2025
- Business
- New York Post
NYC biz owner honored for supporting 35K Asian-American-owned small companies during COVID pandemic
A Big Apple business owner was honored Thursday night for his role in supporting and stabilizing more than 35,000 Asian American-owned companies during the COVID-19 pandemic. Saint Hung, CEO of Universal Processing, and his team were recognized by about 200 government officials and community leaders for providing protective gear, financial guidance, digital tools and multilingual resources to struggling small businesses at the height of the deadly crisis. 'Saint helped us so much,' restaurateur Katrina Liu, 35, told The Post at the event, noting that Hung's guidance enabled her to open a third and fourth restaurant in the aftermath of the outbreak. 3 Saint Hung, CEO of Universal Processing, a financial tech company in New York City. Marie Pohl for New York Post 'He hosted a lot of Zoom meetings and helped us apply for loans, grants and showed us how to do marketing during the pandemic. He also gave us point-of-sale systems for free.' Michael Min, owner of South of the Clouds rice noodle restaurant in the West Village, said Hung's resources were a 'huge, huge help.' 'A restaurant owner doesn't understand that much, you know, like with these applications, what to you say, what not to say, that's a huge thing, basically,' the 36-year-old explained. 'So you needed a professional company who'll work with the government to help you navigate through those things.' 3 Saint Hung pictured with his team and former Republican Gov. George Pataki. Marie Pohl for New York Post Asian-owned establishments nationwide suffered plummeting sales of as much as 60% during the initial wave of lockdowns in 2020, with entrepreneurs also struggling to access government aid, such as the Paycheck Protection Program, meant to keep them afloat, according to reports. Hung expressed gratitude for the 'social safety net' that allowed his thriving financial tech company to not only support local businesses in need but also open a new Manhattan office, where the celebratory event was held. 3 Former Gov. George Pataki and Saint Hung in conversation during the event. Marie Pohl for New York Post 'If not for the ability for us to navigate through those first months of COVID, we probably wouldn't be able to flourish and grow and expand and definitely wouldn't be able to provide services and help to the 35,000 and more in the future, small businesses that we are fortunate to provide support for today,' he said. 'I just feel like small business owners have to navigate so much uncertainty, and even our role was uncertain a few years back. 'We provided a lifeline for many businesses.'
Yahoo
25-06-2025
- Business
- Yahoo
Universal Processing Unveils New Headquarters, Pioneering Fintech Solutions for Minority-Owned Businesses
New York, New York--(Newsfile Corp. - June 25, 2025) - Universal Processing (uP), a leading Fintech and payment solutions provider, proudly announces the grand opening of its new headquarters in the heart of New York City, Times Square. This exciting milestone marks the company's continued growth, as well as its commitment to empowering minority-owned businesses with cutting-edge financial technology. A New Era for Minority Business Empowerment With global digital payments surpassing $10 trillion in 2024, the ability to offer seamless, cashless transactions has become a crucial factor in business success. Yet minority-owned businesses continue to face disproportionate barriers in accessing advanced payment technology, which hinders customer acquisition, financial management, and long-term sustainability. As one of the few AAPI-owned Fintech firms in the U.S. and the second AAPI-owned payment processor to achieve Full-Service Provider status, Universal Processing is bridging the gap between minority entrepreneurs and next-generation payment solutions. The new headquarters represents more than just an expansion-it's a strategic investment in the future of inclusive Fintech. "In today's digital economy, small businesses need more than just a payment processor-they need a partner who understands their unique challenges and provides tailored solutions," says Saint Hung, CEO of Universal Processing. "That's why we built a company that doesn't just process payments, but helps underserved businesses compete at a global level with cutting-edge financial tools, multilingual support, and transparent pricing." Building Fintech Solutions That Matter The new headquarters will serve as a hub for continued innovation, featuring: Tap-to-Pay and Omnichannel Capabilities - Empowering businesses to accept payments anywhere, from mobile to in-store. In-Language Customer Support - Offering 24/7, U.S.-based assistance in multiple languages to serve diverse business owners. Financial Education & Resources - Providing tools and insights to help entrepreneurs scale sustainably. A Commitment to Minority Entrepreneurs Studies show that 70% of minority business owners believe that limited access to technology negatively impacts their business viability. Universal Processing is tackling this challenge head-on by ensuring that underserved businesses have access to enterprise-level payment tools-without enterprise-level complexity or costs. "The ability to accept digital payments shouldn't be a privilege-it should be a standard," added Hung. "With our new headquarters, we are doubling down on our mission to democratize access to Fintech solutions, helping more businesses move 'uP'." Join the Grand Opening To celebrate this milestone, Universal Processing invites partners, clients, and industry leaders to its grand opening event at the new headquarters on June 26th. The event will feature live demonstrations of payment technologies, discussions on the future of Fintech, and insights from industry experts on empowering minority-owned businesses in a digital-first economy. For media inquiries, event details, or partnership opportunities, please contact: Yin Yupr@ About Universal Processing Universal Processing is an award-winning Fintech and payment solutions provider, specializing in serving underserved businesses and partner channels with full-service payment processing. As a certified Minority-Owned Business, uP is committed to providing transparent, secure, and scalable payment solutions with 24/7 multilingual support. Learn more at To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
28-02-2025
- Business
- Globe and Mail
Universal Processing Receives Prestigious Honors at the 2025 ETA TRANSACT Awards
New York, New York--(Newsfile Corp. - February 27, 2025) - Universal Processing ("uP"), the leading financial technology company empowering underserved businesses across America, is proud to announce that several of its team members have been recognized by the Electronic Transactions Association ("ETA"). The ETA awards are highly regarded in the payments industry, spotlighting leaders and organizations that push the boundaries of innovation and contribute significantly to the industry's growth. These awards underscore Universal Processing's commitment to excellence and innovation in the payments industry. Sophie Zhai To view an enhanced version of this graphic, please visit: Sophie Zhai has been distinguished as a 2025 ETA Forty Under 40 honoree. Her leadership and profound impact on the payments landscape have set new benchmarks within the industry, demonstrating the transformative potential of focused dedication and expertise. This also marks the fourth time that a member of our team has been recognized as a Forty Under 40 honoree. "Embrace mistakes-they're proof that you're trying, learning, and growing. Every misstep is a step forward if you choose to learn from it." Aris Gao To view an enhanced version of this graphic, please visit: Aris Gao, a dedicated and visionary member of the uP team, has been honored with the 2025 ETA Young Payments Professionals (YPP) Award. This accolade recognizes rising stars who are reshaping the future of payments through outstanding contributions and innovative approaches. "It is a true honor to be recognized as one of the Young Payment Professionals. This industry is evolving rapidly, and I am grateful for the opportunity to contribute to its growth. This recognition is a testament to the hard work, innovation, and teamwork that drive progress in payments. I'm excited for what's ahead." Additionally, Mingxi Chen and Catherine Xu have both been celebrated as Top Payments Sales Professionals. Their exceptional ability to drive strategic growth and navigate complex market dynamics has significantly contributed to the company's success as well as the broader payments ecosystem. "These distinguished recognitions from the ETA celebrate the hard work and innovative spirit of our talented team," said Saint Hung, CEO of Universal Processing. "We are immensely proud of Catherine, Mingxi, Aris and Sophie for their well-deserved honors and for their transcendent performance within the payments industry." Universal Processing is looking forward to celebrating at TRANSACT 2025 in Las Vegas, April 2-4, where the leaders in payments will come together to recognize their achievements. About Universal Processing Founded in 2003, Universal Processing is a leading financial technology company dedicated to empowering underserved businesses with innovative payment processing solutions and exceptional support. Recognized for its commitment to fostering economic growth, Universal Processing partners with over 34,000 businesses and processes more than $3.5 billion annually. For more information about Universal Processing and its services, please visit About ETA The Electronic Transactions Association (ETA) is the world's leading advocacy and trade association for the payments industry. Its members span the breadth of payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $52.7 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
Yahoo
28-02-2025
- Business
- Yahoo
Universal Processing Receives Prestigious Honors at the 2025 ETA TRANSACT Awards
New York, New York--(Newsfile Corp. - February 27, 2025) - Universal Processing ("uP"), the leading financial technology company empowering underserved businesses across America, is proud to announce that several of its team members have been recognized by the Electronic Transactions Association ("ETA"). The ETA awards are highly regarded in the payments industry, spotlighting leaders and organizations that push the boundaries of innovation and contribute significantly to the industry's growth. These awards underscore Universal Processing's commitment to excellence and innovation in the payments industry. Sophie Zhai To view an enhanced version of this graphic, please visit: Sophie Zhai has been distinguished as a 2025 ETA Forty Under 40 honoree. Her leadership and profound impact on the payments landscape have set new benchmarks within the industry, demonstrating the transformative potential of focused dedication and expertise. This also marks the fourth time that a member of our team has been recognized as a Forty Under 40 honoree. "Embrace mistakes-they're proof that you're trying, learning, and growing. Every misstep is a step forward if you choose to learn from it." Aris Gao To view an enhanced version of this graphic, please visit: Aris Gao, a dedicated and visionary member of the uP team, has been honored with the 2025 ETA Young Payments Professionals (YPP) Award. This accolade recognizes rising stars who are reshaping the future of payments through outstanding contributions and innovative approaches. "It is a true honor to be recognized as one of the Young Payment Professionals. This industry is evolving rapidly, and I am grateful for the opportunity to contribute to its growth. This recognition is a testament to the hard work, innovation, and teamwork that drive progress in payments. I'm excited for what's ahead." Additionally, Mingxi Chen and Catherine Xu have both been celebrated as Top Payments Sales Professionals. Their exceptional ability to drive strategic growth and navigate complex market dynamics has significantly contributed to the company's success as well as the broader payments ecosystem. "These distinguished recognitions from the ETA celebrate the hard work and innovative spirit of our talented team," said Saint Hung, CEO of Universal Processing. "We are immensely proud of Catherine, Mingxi, Aris and Sophie for their well-deserved honors and for their transcendent performance within the payments industry." Universal Processing is looking forward to celebrating at TRANSACT 2025 in Las Vegas, April 2-4, where the leaders in payments will come together to recognize their achievements. About Universal Processing Founded in 2003, Universal Processing is a leading financial technology company dedicated to empowering underserved businesses with innovative payment processing solutions and exceptional support. Recognized for its commitment to fostering economic growth, Universal Processing partners with over 34,000 businesses and processes more than $3.5 billion annually. For more information about Universal Processing and its services, please visit About ETA The Electronic Transactions Association (ETA) is the world's leading advocacy and trade association for the payments industry. Its members span the breadth of payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $52.7 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers. Media Contact： Yin Yupr@ To view the source version of this press release, please visit
