MIAMI AND TORONTO–(COMMERCIAL WIRE)–XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based fintech company in the neobanking space, offering banking mobile and payment solutions around the world, is pleased to announce that it has signed agreements with three new large US restaurant chains to implement their 50+ roofs on their Today solution for same-day staff payments .
The Today solution consists of a mobile application, a digital account and a debit card that provides operators and servers with the benefits associated with immediate access to the tip earned. With same-day payment, servers have the advantage of accessing their funds the same day to transact at the point of sale, pay their bills, make peer-to-peer transfers, and take advantage of upcoming local XTM cash back rewards. Restaurant operators benefit from incentivized employees and better time and attendance.
Restaurant groups that sign up for the Today program are located throughout the US and growing. Both XTM and its restaurant customers will be rolling out in phases over the next 60 days for a smooth transition and to build momentum with staff and zero friction for operations. The restaurants will be named once the full rollout is complete.
“XTM has been working hard to create a solution that is viable and just as attractive in the US as it has been in Canada,” said Marilyn Schaffer, CEO of XTM. “We are excited to see the traction. With our solution to digitize staff payments, we support restaurant operators with a smooth, seamless and seamless platform that reduces the need for non-revenue generating activities, allowing them to focus on delighting the customer.”
XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator in the neobanking space, helping companies and service workers in the hospitality and personal care space spread and access wages earned and tips. Comprised of a free mobile app and Visa or Mastercard debit card with free banking features, XTM’s Today™ solution is used by thousands of restaurants, lounges and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by restaurant, lounge, and toll-free staff to automate and streamline access to earned wages and tips, increasing time and attendance and removing cash from ecosystems. XTM’s Today solution drives operational efficiency and delivers a personalized user experience designed specifically for service workers.
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities laws, including the expected performance of XTM, the the expectation that companies that XTM does business with or have engaged to do business with will do so in the expected timeframe, the continuing trend toward electronic payment methods, that integrations attract new business owners to use the Today program , and the general conditions and income of XTM . Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule” . “, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “could”, “could”, “should” or “could” occur. While XTM may do its best to estimate when businesses will reopen or return to pre-Covid 19 business levels, there are no guarantees that this will happen in the time the Company expects or at all. these forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These forward-looking statements are made as of the date of this press release. Readers are cautioned not to place undue reliance in forward-looking statements, as there can be no guarantee that future circumstances, results or results anticipated or implied by such forward-looking statements will occur or that the plans, intentions or expectations ives on which the forward-looking statements are based.
The CSE has neither approved nor disapproved the content of this press release, and the CSE accepts no responsibility for the adequacy or accuracy of this release.