INTEGRATES WITH POS SOFTWARE FOR INSTANT PAYOUTS TO SALON STYLISTS
TORONTO and MIAMI , June 23, 2020 /CNW/ – XTM, Inc. (“XTM” or the “Firm”) (PAID.CN) (7XT.F), a worldwide fintech firm offering cell banking and fee options all over the world is happy to announce that it has accomplished the know-how construct enabling automated knowledge assortment from Regis Company level of sale (POS) and salon administration platform facilitating prompt earnings payouts to the Right now™ card and digital pockets. Regis Company (RGS) has greater than 7,000 franchised, owned or held possession pursuits in salons all through North America and is the most important hair salon chain on the planet. A few of their manufacturers embrace Supercuts®️, SmartStyle®️, Price Cutters®️, Roosters®️ and First Alternative Haircutters®️.
The answer permits all Regis Company Franchisee Salon house owners the flexibility to fully automate the payout of gratuities and earnings utilizing the Right now™ prompt funds resolution. On the finish of every shift, the XTM platform automates the gathering of all earnings knowledge and transfers funds to the stylists’ Right now digital wallets and pay as you go card, in real-time.
In just some weeks XTM on-boarded 235 franchise areas representing 1000’s of issued and activated Right now playing cards with important each day masses. As at June 15, 2020 roughly 68% of the Regis Salon portfolio areas have re-opened from hibernation attributable to the COVID-19 pandemic and XTM is receiving a rising variety of commitments from extra franchise areas throughout Canada and the US.
“With the dangers related to dealing with and distributing cash amid COVID-19, our resolution simply works for the various Regis franchise house owners trying to simplify and fully automate their gratuity and earnings disbursement course of,” stated Marilyn Schaffer CEO, XTM. “Our POS integration removes any friction making the transition to cashless disbursements, fast, simple and environment friendly.”
“We’re all making an attempt to create a secure atmosphere for our clients and employees” stated Luther Winchell , Regis Corp Franchise proprietor of 26 salons. “XTM’s resolution permits us to get rid of the necessity to deal with cash, hold identical day payouts and cut back time spent managing disbursements to our hard-working stylists.”
About XTM Inc.
XTM, www.xtminc.com is a Toronto -based fintech innovator within the challenger banking area serving to enterprise and employees alike expedite earnings payout and cut back or get rid of banking charges. We’re a worldwide card issuer and fee specialist offering free know-how to enterprise to automate and expedite employee payouts that may get rid of cash. XTM integrates companies to a fee ecosystem that’s coupled with a free cell app and Mastercard debit card with free banking options. XTM drives enterprise value and creates a optimistic person expertise.
About Regis Company
Regis Company (RGS) is a frontrunner in magnificence salons and cosmetology schooling. As of March 31, 2020 , the Firm franchised, owned or held possession pursuits in 7,026 worldwide areas. Regis’ franchised and company areas function beneath ideas corresponding to Supercuts®, SmartStyle®, Price Cutters®, Roosters® and First Alternative Haircutters®. Regis maintains an possession curiosity in Empire Schooling Group within the U.S. For added details about the Firm, please go to the Investor Data part of the company web site at www.regiscorp.com.
This information launch comprises “forward-looking data” and “forward-looking statements” throughout the which means of relevant securities legal guidelines (the “forward-looking statements”), throughout the which means of relevant Canadian securities laws, together with anticipated efficiency of XTM, ,the expectation that companies with which XTM does enterprise or have dedicated to do enterprise will within the anticipated timeline, the persevering with pattern towards digital fee strategies, that the salon integration will entice new salon house owners to make use of the Right now program, and the overall situations and revenues of XTM. Ahead-looking statements are statements that aren’t historic details and are typically, though not all the time, recognized by phrases corresponding to “anticipate”, “plan”, “anticipate”, “undertaking”, “goal”, “potential”, “schedule”, “forecast”, “price range”, “estimate”, “intend” or “consider” and related expressions or their unfavourable connotations, or that occasions or situations “will”, “would”, “may”, “might”, “ought to” or “would possibly” happen. All such forward-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made. These forward-looking statements are made as of the date of this information launch. Readers are cautioned to not place undue reliance on forward-looking statements, as there might be no assurance that the long run circumstances, outcomes or outcomes anticipated in or implied by such forward-looking statements will happen or that plans, intentions or expectations upon which the forward-looking statements are based mostly will happen.