INTEGRATES WITH POS SOFTWARE FOR INSTANT PAYOUTS TO SALON STYLISTS
TORONTO and MIAMI, June 23, 2020 /PRNewswire/ – XTM, Inc. (“XTM” or the “Firm”) (CSE: PAID) (FSE: 7XT), a worldwide fintech firm offering cell banking and fee options world wide is happy to announce that it has accomplished the know-how construct enabling automated information assortment from Regis Company level of sale (POS) and salon administration platform facilitating prompt earnings payouts to the In the present day™ card and digital pockets. Regis Company (NYSE: RGS) has greater than 7,000 franchised, owned or held possession pursuits in salons all through North America and is the biggest hair salon chain on the earth. A few of their manufacturers embrace Supercuts®️, SmartStyle®️, Price Cutters®️, Roosters®️ and First Selection Haircutters®️.
The answer permits all Regis Company Franchisee Salon house owners the power to utterly automate the payout of gratuities and earnings utilizing the In the present day™ prompt funds answer. On the finish of every shift, the XTM platform automates the gathering of all earnings information and transfers funds to the stylists’ In the present day digital wallets and pay as you go card, in real-time.
In only a few weeks XTM on-boarded 235 franchise areas representing hundreds of issued and activated In the present day playing cards with vital each day masses. As at June 15, 2020 roughly 68% of the Regis Salon portfolio areas have re-opened from hibernation brought on by 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 answer simply works for the various Regis franchise house owners trying to simplify and utterly 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, straightforward and environment friendly.”
“We’re all making an attempt to create a protected atmosphere for our prospects and workers” stated Luther Winchell, Regis Corp Franchise proprietor of 26 salons. “XTM’s answer permits us to eradicate the necessity to deal with cash, preserve similar day payouts and scale 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 house serving to enterprise and staff alike expedite earnings payout and scale back or eradicate 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 eradicate 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 consumer expertise.
About Regis Company
Regis Company (NYSE: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 similar to Supercuts®, SmartStyle®, Price Cutters®, Roosters® and First Selection 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 Info part of the company web site at www.regiscorp.com.
This information launch comprises “forward-looking data” and “forward-looking statements” inside the which means of relevant securities legal guidelines (the “forward-looking statements”), inside 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 appeal to new salon house owners to make use of the In the present day program, and the overall circumstances and revenues of XTM. Ahead-looking statements are statements that aren’t historic details and are typically, though not at all times, recognized by phrases similar to “anticipate”, “plan”, “anticipate”, “venture”, “goal”, “potential”, “schedule”, “forecast”, “funds”, “estimate”, “intend” or “imagine” and related expressions or their unfavourable connotations, or that occasions or circumstances “will”, “would”, “may”, “might”, “ought to” or “would possibly” happen. All such forward-looking statements are primarily based 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 will 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 primarily based will happen.
The CSE has not authorized nor disapproved the contents of this press launch, and the CSE doesn’t settle for accountability for the adequacy or accuracy of this launch.
SOURCE XTM Inc.