XTM Inc. AnyDay™ Awarded EWA Certification by Missouri State Regulators
October 19 2023 - 7:45AM
Business Wire
XTM’s AnyDay meets regulators’ standards as one
of the only SAP certified Earned Wage Access (EWA) solutions in
North America and the U.K.
XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID /
FSE:7XT), a Miami, Toronto and London based Fintech creator of
payment innovation including fully certified Earned Wage Access
(EWA) through its QRails AnyDay™ product announces that it has
secured its Earned Wage Access compliance certification in the
state of Missouri. Missouri is the second state to enact the Earned
Wage Access Law.
Amid new regulations imposed in California and Nevada, there has
been increased scrutiny for Earned Wage Access providers among
state regulators. XTM is dedicated to maintaining a compliant
business model globally, having recently founded the Earned Wage
Access Code of Ethics with other leading EWA providers in the U.K.,
in partnership with the Chartered Institute of Payroll
Professionals.
XTM further demonstrates its commitment to ethical EWA with the
appointment of Tara Decker as Chief Compliance Officer. Tara is
based in Colorado and joins XTM from Rain Instant Pay bringing a
passion for fostering innovation and positivity to risk and
compliance.
“We are committed to executing the business of EWA with a
refreshing model that truly promotes financial well-being for the
businesses we serve and their employees,” said Cary Strange,
President, XTM. “We continue to experience increasing demand for
our compliant solution from businesses within the Human Capital
Management space, seeking to drive better outcomes for their people
and their business.”
About XTM
XTM is a Miami, Toronto and London-based Fintech creator of
disruptive payment innovations including fully certified Earned
Wage Access through its QRails AnyDay™ product.
Founded in the cloud-banking space to further support businesses
to inspire their workforce in the hospitality, personal care and
services staffing industries, XTM provides on-demand pay for many
large brands including Earls, Maple Leaf Sports &
Entertainment, Cactus Club, Marriott Hotels and Live Nation. XTM
continues to innovate with further digital featurization to support
businesses to inspire workers to want to work more with shift
scheduling and call-outs, staff management, expense management,
in-app health and financial wellness; and gamified loyalty
programs. XTM's Today Financial™ is in use through POS and Payroll
integrations and directly through web-portals by thousands of
businesses and their workers across Canada and the United
States.
About QRails / AnyDay
QRails is a fully owned subsidiary of XTM. A cloud-based,
API-driven issuer-processor QRails enables payroll providers,
financial institutions and other global fintech companies to keep
up with the on-demand economy by delivering innovative digital
payment solutions to their employees. QRails helps companies
modernize and leverage payroll as a differentiator in attracting
and retaining talent all at low to no cost for the employee and
employer. QRails’ flagship solution, AnyDay™, is the first provider
to own their full tech stack that powers their Earned Wage Access
solution.
Founded in 2016, QRails, Inc., together with its U.K.
subsidiary, QRails Limited is SAP-certified, QRails also has earned
several industry certifications under PCI DSS, and SOC. For more
information, please visit www.QRails.com.
This news release contains “forward-looking information” and
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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
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version on businesswire.com: https://www.businesswire.com/news/home/20231019109972/en/
For further information please visit xtminc.com or contact:
Marilyn Schaffer, CEO finance@xtminc.com 416-260-1641
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