Sunday Agreement Includes Exclusive Use of XTM’s Today™ Mobile Platform for Server Pay-Out
MIAMI, TORONTO, May 31, 2022 – XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech innovator disseminating earned wages and providing gratuities access to service workers in the hospitality and personal care space, announced that sunday, a Fintech company that enables restaurant customers to access a single QR Code for menu and to pay, with more than 3,000 restaurant on its program, has signed an exclusive deal with XTM to pay-out the associated servers via the Today program.
Diners can pay the minute they are ready without the need to set up an account or register their details with the sunday solution whether it’s with their virtual wallet (Google Pay, Apple Pay) or with their physical bank card splitting and tipping through the sunday interface.
The company was launched in XX, 20XX and given the increasing retail and commercial demand for digital payments and contactless interaction, sunday has quickly gained traction across the US and Canada. Currently, sunday has XXXX restaurants onboard throughout North America with customer concentration predominantly in the US including XXXXXX
“With little overlap on XTM’s Today and sunday customer concentration, we are confident that this agreement will accelerate both sides of our equations,” said Marilyn Schaffer, CEO of XTM. “We will help sunday gain users and sunday will increase XTM’s user base.”
“With the launch of our sunday branded Today card, we believe our restaurant solution takes on a new robustness and completeness, now furthering the pain points we address from digitization of the customer experience to that of the server, said XXX, sunday, XXX,
The sunday agreement fits within the terms of XTM’s standard customer agreement whereby XTM retains the interchange value of Point of Sale revenue triggered by a member transaction.
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, and our technology is used by Restaurants and Salons at no charge to automate and expedite worker payouts and eliminate cash from their ecosystems. XTM's Today solution drives enterprise value with efficiency and a bespoke user experience designed specifically for restaurateurs and personal care services.
For further information please visit xtminc.com or contact:
Marilyn Schaffer, CEO
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, the success of XTM’s intended geographic and business expansions, the success of XTM’s new market relationships, 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. 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.
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