Easy Payment at Check Out Means Greater Point of Sale Spend Resulting in Increased Interchange Revenue
MIAMI & TORONTO, March 16, 2022--(BUSINESS WIRE)--XTM, Inc. ("XTM" or the "Company") (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce the roll out of Apple Pay and Google Pay to U.S. Today™ program users.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220316005603/en/
XTM Launches Apple and Google Pay to its U.S. Today™ Digital Payout Solution (Photo: Business Wire)
Apple Pay and Google Pay allow all Today Card holders to use their Apple or Android devices to make payments at the point of sale ("POS"). At checkout, the merchant prompts the customer to hold their enabled device near the merchant’s payment terminal or reader and the payment will be securely completed using NFC technology. Apple states that Apple Pay is already accepted at more than 90 percent of US retailers.
As previously announced, XTM has been working diligently rolling out more than 100K mobile wallets and by adding Apple Pay and Google pay to the Today program it will not only enhance the offering with convenience, but it will promote POS spend and in turn enable XTM to increase its interchange revenue percentage when calculating as a percentage of gross dollar value loads ("GDV").
"We have two primary priorities -- our customers and our shareholders -- critical to our success," said Marilyn Schaffer, CEO, XTM. "Providing the best customer experience and delivering convenient and secure payment options for all Today program members delivers on both priorities, generating happy customers and higher revenue."
XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space disseminate and access earned wages and gratuities. XTM's Today™ Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by Restaurants, Salons and service staff at no charge to automate and expedite Earned Wage and Gratuity Access, increasing time and attendance and eliminating cash from ecosystems. XTM's Today solution drives operational efficiencies and delivers a bespoke user experience designed specifically for service workers.
This news 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 legislation, including expected performance of XTM, the expectation that businesses with which XTM does business or have committed to do business will in the expected timeline, the continuing trend toward electronic payment methods, that the integrations will attract new business owners to use the Today program, and the general conditions and revenues of XTM. Forward-looking statements are statements that are not historical facts and are generally, although 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", "would", "may", "could", "should" or "might" occur. While XTM can make best efforts to estimate when businesses will re-open or back to pre-Covid 19 business levels there are no guarantees this will happen in the time the Company expects or if at all. All such 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 news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.
The CSE has not approved nor disapproved the contents of this press release, and the CSE does not accept responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220316005603/en/
For further information please see: xtminc.com or contact: Marilyn Schaffer 416.260.1641 finance@xtminc.com
Is the tech sector oversold? Wedbush’s Daniel Ives believes so, claiming it is more so than at any other point during the past 5 years. However, change is in the air, and surveying the current landscape, the 5-star analyst believes there are plenty of opportunities on offer for investors right now. One, though, stands out the most. “Since the Fed decision last week we have seen a clear ‘risk on’ mentality starting to take shape as the Street picks up high quality tech stocks at what we would cha
(Bloomberg) -- For decades, global finance firms eagerly catered to Russian firms, billionaires and the government. Then tanks started rolling into Ukraine.Most Read from BloombergChina Plane Crash Update: Voice Recorder Sent for AnalysisWhere Mornings Would Get Darker Under Permanent Daylight Savings TimeChina Jet’s Nosedive From 29,000 Feet Baffles Crash SpecialistsPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaThis Is Now The Worst Drawdown on Record for Global Fixed IncomeCitigro
Indeed, investors are frustrated with T, but after AT&T's investor day last Monday, the opportunity appears too compelling at the current price prior to the Discovery deal closing. AT&T is set to split off Warner Bros to Discovery shareholders, which is likely to occur in mid-April. The transaction will give T shareholders 0.24 of a share of the new Warner Bros Discovery (with all current Discovery shares getting wrapped in) for each share of T. The value T is getting is extrapolated from the current value of DISCA, 71% of a $62 billion company, so at the current price of around $26 for DISCA, T holders have about $6/share in Warner Bros Discovery value.
The short answer to this question is, “Yes, provided you are prepared to accept a modest standard of living.” To get an an idea of what a 60-year-old individual with a $300,000 nest egg faces, our list of factors to check includes … Continue reading → The post Can I Retire at 60 With $300,000? appeared first on SmartAsset Blog.
The rouble ended below 100 per dollar, still down over 22% this year as Russia faces strict sanctions globally, triggered by its invasion of Ukraine late last month. European gas prices soared after Putin's shock announcement, on concerns the move would exacerbate the region's energy crunch. "It seems to be an effort by the Russian authorities to apply pressure on Western countries by forcing foreign buyers of Russian gas to use roubles, with the added benefit of supporting the value of the currency," said Liam Peach, Emerging Europe economist at Capital Economics in a client note.
Nikola Corp. late Wednesday confirmed it started production of its electric commercial truck, the Tre, last week at its Coolidge, Ariz., factory. The EV maker had aimed for that when it reported fourth-quarter earnings last month. "We are laser-focused on delivering vehicles and generating revenue as the global leader in zero-emission transportation and energy infrastructure solutions," a spokesperson said. Nikola has scheduled an investor day on Thursday after the bell. Nikola has said it expec
In addition to the electric vehicle manufacturer Tesla, the billionaire runs many companies at the same time, including SpaceX and Neuralink.
Businesses like Global-e Online (NASDAQ: GLBE) and Shopify (NYSE: SHOP) are well positioned to benefit from that trend. Its platform supports dozens of languages, currencies, payment methods, and shipping carriers, helping merchants localize their digital storefronts on a market-by-market basis. The company uses that data to surface actionable insights for merchants, helping them tweak their content to better fit the tastes and preferences of international buyers.
Recently, the Chinese EV space has been beset by several worrying developments. Morgan Stanley’s Tim Hsiao counts “geopolitical tensions, pervasive Covid curbs and ADR de-listing risks” which have further impacted EV start-ups already struggling with operational challenges such as disruptions to the supply of chips, batteries and other elements. Rising EV manufacturing costs which will result in higher prices could also mean EV sales will take a hit. However, given the “continuous innovation,” i
You can use your traditional IRA's required minimum distributions (RMDs) to contribute to a Roth IRA if you have enough—but not too much—income.
When it comes time to start taking your retirement income, you'll hopefully have an array of options available to you. Just be sure to avoid these mistakes.
The history is very clear: At times like these, you need to stay the course, Jim Cramer told his Mad Money viewers Wednesday. As of Tuesday, the stock market had given back 50% of its gains since November. It's easy to be overwhelmed by the daily doom and gloom of everything that's going wrong, Cramer admitted.
The correlation between Amazon in the year 2000 and Tesla today is remarkable. If Tesla prices peak in late-March, I see the potential for a 40%+ decline by Mid-April. See charts below.
Investment in the metaverse and metaverse technology has grown increasingly prevalent over the past year, with tech giants like Meta and Microsoft leading the charge. According to ProShares Advisors Global Investment Strategist Simeon Hyman, metaverse presents a significant investment opportunity for individuals and institutions alike.
Plug Power (NASDAQ: PLUG) is on fire this week. The stock shot up again today and was trading as high as 6.2% as of 12:20 p.m. ET. An analyst expects Plug Power stock to more than double in value as global interest in green hydrogen continues to gather steam. Morgan Stanley has been bullish about Plug Power stock for several months now.
Yahoo Finance's Daniel Howley and Julie Hyman speak with Nvidia Founder & CEO Jensen Huang about the company's new CPU and GPU tech, as well as what is in store for the future of artificial intelligence and autonomous vehicles.
After reversing course and trading up 3.8% at the midday high, Nio shares had settled back to about even as of 1:47 p.m. ET. Nio's production volume growth has leveled off somewhat in recent months for several reasons. Earlier this week, Deutsche Bank analyst Edison Yu said his firm thinks Nio is on track to increase production from levels near 10,000 vehicles per month to close to a rate of 25,000 per month by the end of this year, reports Barron's. Recent upgrades in manufacturing capacity will support that level if demand is there.
“In the past few months we’ve already started seeing increases to the interest rates that banks are offering on deposit accounts, but it’s likely that we’ll see even more now that the Fed has announced a rate hike,” says Chanelle Bessette, banking specialist at Nerdwallet. Adds Ken Tumin, founder of DepositAcounts.com: “Several online banks have recently increased their savings account rates in the last two months, even before the first Fed rate hike,” adds Ken Tumin, founder of DepositAcounts.com — with potentially more increases to come, pros say.
Nio earnings and the launch of a rival to Tesla's Model S are ahead. One analyst expects Nio stock to more than double.
In this article, we discuss the 10 penny stocks that can explode in 2022. In order to skip our detailed analysis of penny stocks, go directly to 5 Penny Stocks That Can Explode in 2022. Small companies that have yet to prove their mettle, or struggling firms trading below $5 in the market, are called […]