TORONTO and MIAMI, FL, May 28,
2020 /PRNewswire/ - XTM, Inc. ("XTM" or
the "Company") (CSE:PAID) (FSE:7XT), a global
Fintech company in the challenger banking space, providing mobile
banking and payment solutions around the world is pleased to
announce that it is completing the final steps to launch the Today™
Mastercard program throughout the United
States.
Due to overwhelming demand for XTM's cashless earnings and
gratuity platform coupled with the Today Mastercard for workers,
the Company has been working diligently to expedite the process
with its processor and issuing bank. XTM has a pipeline of
customers who have already committed to launching the program as
soon as XTM is ready to issue Mastercard's in the U.S. which the
Company expects to be by July
2020.
The Company built its platform to be currency agnostic and can
process in any currency Mastercard and its processer support.
When entering a new country XTM partners with a local bank to
act as its issuing Mastercard sponsor bank and deposit taking
entity.
"Accelerating our launch of the Today program in the U.S. is a
critical component of our expansion and growth plan,"
commented Marilyn Schaffer,
CEO. "The success and learnings we've gained in the
Canadian market will be rapidly replicated in this much larger
market with our well-refined roll-out methodology and business
model."
About XTM Inc.
XTM, www.xtminc.com is a Toronto-based fintech innovator in the
challenger banking space helping business and workers alike
expedite earnings payout and reduce or eliminate banking
fees. We are a global card issuer and payment
specialist providing free technology to business to automate and
expedite worker payouts that can eliminate cash. XTM
integrates businesses to a payment ecosystem that is coupled with a
free mobile app and Mastercard debit card with free banking
features. XTM drives enterprise value and creates a positive user
experience.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a
technology company in the global payments industry. Our global
payments processing network connects consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
the Beyond the Transaction
Blog and subscribe for the latest news on
the Engagement Bureau.
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 XTM finalizes a banking partnership, 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.
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 original
content:http://www.prnewswire.com/news-releases/xtm-accelerates-us-launch-of-today-mastercard-301066668.html
SOURCE XTM Inc.