XTM Gains Access to Multiple POS Systems Through a Single Integration
MIAMI & TORONTO, March 21, 2022—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 that it has completed a technical integration that opens-up access to 20 restaurant-focused POS and time and attendance software systems throughout the United States.
POS integration is a streamlined connection between POS software and a restaurant or salon’s accounting and operations platform. With integration, the operations platform can pull detailed data directly from the POS in real time. XTM currently has an integration in place to the Lightspeed POS where merchants seamlessly deploy the Today™ Mobile employee earned wage access solution with no friction to their business. Through this integration, XTM’s platform pulls all employee earnings and gratuity data at the end of each shift enabling the business to push funds to every employee instantly.
“With this advancement of one integration to multiple POS Systems, we have opened up the potential of several systems into a centralized data model, allowing us to integrate once and benefit from data extracted from 20+ POS and time tracking software systems,” said Chad Arthur, CTO, XTM. “With this move we’ve eliminated weeks and weeks of integration that would be required to finalize access to just a single POS platform. We look forward to reaping the benefits of this acceleration, eliminating several months of research and development.”
“This is an important step in accelerating our value to restaurants and service industry workers alike throughout the United States,” said Marilyn Schaffer, CEO, XTM. “Our intention is to move quickly to provide Earned Wage Access to service workers as further incentive to return to work.”
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.