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XTM Launches Stand Alone Tip Pool & Tip Share Automation Product

XTM | August 12, 2022 | Read time : 02:04 min

XTM Launches news
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 the release of a Tip Pool and Tip Share software product that accepts data sets from any time and attendance or POS platform. This feature allows restaurant owners and operators to leverage our Tip Pool/Share without an integration and be operative within a few hours of sign-up.

The Tip Pool solution collects tips received by employees into a pool, and then automates the calculation and distributes on an organization-determined points basis to staff. The XTM Tip Share product automates the calculation and sharing of tips to other employees based on a percentage of net sales, saving operators time and money as well as providing staff with full transparency of the process.

“The technology-agnostic premise upon which our Tip Pool and Tip Share solutions pull data is a significant and strategic innovation for our Engineering team, It aligns with our product road-map to provide enterprise solutions for all hospitality businesses large and small, regardless of their current product stack.”

-Chad Arthur, CTO, XTM.

Proper Tip allocation is critical to operators and staff; if not done correctly it can be a highly litigious function within hospitality organizations, said Marilyn Schaffer, CEO, XTM. This product is a true reflection of our commitment to provide the hospitality industry with products and solutions to make their businesses more efficient and profitable.

About XTM:
XTM, 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.

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Trovata and PNC Treasury Management Provide Integrated Payment Processing Experience for Corporate and Commercial Businesses

PRnewswire | June 28, 2023

Trovata, the global leader in bank APIs and cash management, today announced an expanded working relationship with PNC Treasury Management to provide joint customers with integrated payment processing capabilities. The newly enhanced relationship enables PNC's and Trovata's business clients to make transfers and send payments via ACH, wire and RTP®, using API integrations, thus eliminating the need for a third-party intermediary. Powered by Trovata's new API-based payment experience, the new integration delivers a streamlined, automated end-to-end money movement experience to Trovata subscribers and now, PNC's commercial and corporate banking clients. With Trovata and PNC's PINACLE Connect® API integrations, Trovata and PNC clients can govern payment execution according to their unique signature authority matrix, treasury policy and internal controls. Furthermore, the integrated payment experience delivers faster initiation and automated reconciliation, and with RTP®, instant settlement. "We understand that business' treasury needs have evolved, which is why we remain committed to making strategic technology investments to address complex business needs and create seamless integrations with our treasury platform," said Howard Forman, senior vice president and head of Digital Channels for PNC Treasury Management. "Our expanded relationship with Trovata is further proof of this commitment, as this integrated payment experience will support our clients' desires to increase automation and optimize their payments processes." Additionally, PNC and Trovata clients can now automate high-volume batch processing by leveraging Trovata's multi-bank API platform. With a seamless developer experience, joint customers can utilize a single API to build and manage workflows with multiple banking partners. "Trovata continues to prove that fintech innovation can be about building great user experiences that complement a bank's core services," said Trovata Founder and CEO, Brett Turner. "We're bridging the gap as a tech platform to help banks, like PNC, better serve their clients by automating payments workflows." PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business. In recent years, PNC has launched other embedded banking experiences for its clients through its API developer portal) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE®. PNC is committed to investing in leading technology and will continue to support its clients as they work to optimize working capital; achieve faster, more secure transactions; and drive their business forward. About Trovata: Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement. By bridging the gap between banks and accounting systems, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions. As an end-to-end fintech platform for managing cash, Trovata collaborates with the world's largest financial institutions to deliver next-gen banking services. Trovata is based in San Diego, CA. About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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Payoneer Singapore Secures Major Payment Institution License to Empower SMEs

Businesswire | August 21, 2023

Payoneer Singapore Private Limited (Payoneer Singapore, a subsidiary of Payoneer Global Inc. the financial technology company empowering the world’s small and medium-sized enterprises (SMEs) to transact, do business, and grow globally, has been granted a Major Payment Institution License from the Monetary Authority of Singapore (MAS). The license will enable Payoneer Singapore to enhance the breadth of its products and roll out several new services in Singapore, especially in the areas of account issuance, cross-border money transfer, domestic money transfer, e-money issuance, and merchant acquisition. Payoneer Singapore’s successful license approval followed a rigorous application and review process, demonstrating the company’s compliance with regulations and standards set out by the MAS. With the new license, Payoneer Singapore can accelerate its expansion in Singapore by onboarding new partners as businesses are permitted to engage in higher-value transactions. "We express our gratitude for the nod of approval from Singapore’s MAS. It certainly is a validation of our commitment to building a robust and transparent platform that delivers the best services to our customers and partners," said Nagesh Devata, SVP of Asia-Pacific at Payoneer. "Singapore holds a crucial position in our plans for regional market expansion. The recognition received from MAS demonstrates that Payoneer's product technology, risk management, compliance framework, and business models have gained approval from one of the most authoritative regulatory bodies in the local context." "Looking forward, we will continue to prioritize the swift implementation of local services in Singapore, utilizing our secure and rigorously monitored payment platform. In addition, our customer-centric strategy continues to guide operations by prioritizing our current customers and empowering businesses of all sizes to venture into other markets. We are honored and looking forward to fostering a strong and long-term relationship with MAS," he adds. About Payoneer Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.

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Safety Insurance Selects One Inc’s ClaimsPay® Solution

Businesswire | June 29, 2023

One Inc, the leading digital payments network for the insurance industry, announced today that Safety Insurance Group (Safety) has selected One Inc’s ClaimsPay® to modernize the consumer experience and provide instant claims payment functionality to its customers. This partnership underscores the industry’s emphasis on digital payment solutions and eliminating physical check reimbursements. One Inc currently enables more than 240 insurance carriers to process over $51 billion in payments annually. Headquartered in Boston, Massachusetts, Safety provides a full range of property and casualty insurance products and operates exclusively in Massachusetts, New Hampshire, and Maine. As part of the company’s goal to provide industry-leading ease of doing business and maximum efficiency, Safety selected One Inc’s ClaimsPay solution to streamline its entire claims disbursement process. Through One Inc’s ClaimsPay platform, Safety customers will have the option to receive digital payments through popular payment platforms like Venmo and PayPal, in addition to direct payment options. With integrated mobile and web platforms, Safety seeks to provide customers with a modern claims experience that uses familiar mobile technology. “Integrating One Inc’s ClaimsPay was a natural choice as we sought to innovate this vital area of our business,” said Steve Varga, Vice President of MIS. “We are focused on modernizing property and casualty insurance and are always looking for partners that deliver modern tools to improve the customer experience. Security, speed, and ease of the process are our top priorities, and ClaimsPay will help us meet and exceed those benchmarks.” “Instant payments deliver a required customer value proposition and a competitive advantage to insurance carriers,” said Ian Drysdale, CEO at One Inc. “As Safety Group looks to prioritize efficiency, many insurers are eyeing their claims technology to provide digital infrastructure that can help them rapidly adapt to the ever-changing needs of customers and stay ahead of the competition. We are proud that leading carriers like Safety are choosing One Inc for claims payment transformation.” About One Inc One Inc is modernizing the insurance industry through a unified and frictionless payment network. Focusing only on the insurance industry, One Inc helps carriers transform their operations by reducing costs, increasing security, and optimizing customer experience. The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications, and rapid digital claim payments, even for the most complex insurance use cases. As one of the fastest-growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claim payments. About Safety Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies.

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TPS Software Launches New Integration with CPACharge to Streamline Payment Processing for Accounting Professionals

PRnewswire | July 03, 2023

TPS Software, a leading provider of practice management software for accounting professionals, is proud to announce its new integration with CPACharge, an industry-leading online payment processing platform. This integration will enable TPS Software users to seamlessly process payments through the CPACharge platform, streamlining their payment workflows and enhancing their overall practice management experience. "Our goal has always been to provide accounting professionals with the tools they need to effectively manage their practices," said Ted Shandro, President of TPS Software. "With the integration of CPACharge into our platform, we are able to offer a streamlined payment processing solution that is specifically designed for accounting professionals." CPACharge provides a secure and user-friendly payment processing platform that enables professionals to accept credit card, debit card, and eCheck payments online. With the integration of CPACharge into the TPS Software platform, users can process payments directly within the software, eliminating the need for separate payment processing software. "We are excited to partner with TPS Software to offer accounting professionals a more efficient and seamless payment processing experience," said Dru Armstrong, CEO of AffiniPay, parent company of CPACharge. "Our platform is designed to help professionals save time and improve profitability, and this integration will help achieve those goals for TPS Software users." In addition to streamlining payment processing, the integration of CPACharge with TPS Software offers powerful reporting and client relationship management tools that are specifically tailored to the needs of accounting professionals. By consolidating these critical practice management functions into one integrated platform, users can save time, increase profitability, and optimize their workflow. About CPACharge: CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. AffiniPay is headquartered in Austin, Texas and offers a modern payment gateway that integrates with more than 40 software solutions and is trusted by 50,000 firms. CPACharge is the only payment solution offered as a Member Discount Partner by the AICPA and recommended by more than 35 state CPA societies. About TPS Software: Founded in 1999, TPS has long-served as a trusted and innovative home for accountants' time, billing, and practice management needs. With over 3,000 firms as clients throughout its history in Canada and the United States, TPS provides a sensible solution with affordable, industry-leading, and effective solutions to small and medium-size accounting firms' needs with both on-premise and cloud-based solutions.

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Trovata and PNC Treasury Management Provide Integrated Payment Processing Experience for Corporate and Commercial Businesses

PRnewswire | June 28, 2023

Trovata, the global leader in bank APIs and cash management, today announced an expanded working relationship with PNC Treasury Management to provide joint customers with integrated payment processing capabilities. The newly enhanced relationship enables PNC's and Trovata's business clients to make transfers and send payments via ACH, wire and RTP®, using API integrations, thus eliminating the need for a third-party intermediary. Powered by Trovata's new API-based payment experience, the new integration delivers a streamlined, automated end-to-end money movement experience to Trovata subscribers and now, PNC's commercial and corporate banking clients. With Trovata and PNC's PINACLE Connect® API integrations, Trovata and PNC clients can govern payment execution according to their unique signature authority matrix, treasury policy and internal controls. Furthermore, the integrated payment experience delivers faster initiation and automated reconciliation, and with RTP®, instant settlement. "We understand that business' treasury needs have evolved, which is why we remain committed to making strategic technology investments to address complex business needs and create seamless integrations with our treasury platform," said Howard Forman, senior vice president and head of Digital Channels for PNC Treasury Management. "Our expanded relationship with Trovata is further proof of this commitment, as this integrated payment experience will support our clients' desires to increase automation and optimize their payments processes." Additionally, PNC and Trovata clients can now automate high-volume batch processing by leveraging Trovata's multi-bank API platform. With a seamless developer experience, joint customers can utilize a single API to build and manage workflows with multiple banking partners. "Trovata continues to prove that fintech innovation can be about building great user experiences that complement a bank's core services," said Trovata Founder and CEO, Brett Turner. "We're bridging the gap as a tech platform to help banks, like PNC, better serve their clients by automating payments workflows." PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business. In recent years, PNC has launched other embedded banking experiences for its clients through its API developer portal) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE®. PNC is committed to investing in leading technology and will continue to support its clients as they work to optimize working capital; achieve faster, more secure transactions; and drive their business forward. About Trovata: Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement. By bridging the gap between banks and accounting systems, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions. As an end-to-end fintech platform for managing cash, Trovata collaborates with the world's largest financial institutions to deliver next-gen banking services. Trovata is based in San Diego, CA. About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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Payoneer Singapore Secures Major Payment Institution License to Empower SMEs

Businesswire | August 21, 2023

Payoneer Singapore Private Limited (Payoneer Singapore, a subsidiary of Payoneer Global Inc. the financial technology company empowering the world’s small and medium-sized enterprises (SMEs) to transact, do business, and grow globally, has been granted a Major Payment Institution License from the Monetary Authority of Singapore (MAS). The license will enable Payoneer Singapore to enhance the breadth of its products and roll out several new services in Singapore, especially in the areas of account issuance, cross-border money transfer, domestic money transfer, e-money issuance, and merchant acquisition. Payoneer Singapore’s successful license approval followed a rigorous application and review process, demonstrating the company’s compliance with regulations and standards set out by the MAS. With the new license, Payoneer Singapore can accelerate its expansion in Singapore by onboarding new partners as businesses are permitted to engage in higher-value transactions. "We express our gratitude for the nod of approval from Singapore’s MAS. It certainly is a validation of our commitment to building a robust and transparent platform that delivers the best services to our customers and partners," said Nagesh Devata, SVP of Asia-Pacific at Payoneer. "Singapore holds a crucial position in our plans for regional market expansion. The recognition received from MAS demonstrates that Payoneer's product technology, risk management, compliance framework, and business models have gained approval from one of the most authoritative regulatory bodies in the local context." "Looking forward, we will continue to prioritize the swift implementation of local services in Singapore, utilizing our secure and rigorously monitored payment platform. In addition, our customer-centric strategy continues to guide operations by prioritizing our current customers and empowering businesses of all sizes to venture into other markets. We are honored and looking forward to fostering a strong and long-term relationship with MAS," he adds. About Payoneer Payoneer is the financial technology company empowering the world’s small and medium-sized businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.

Read More

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Safety Insurance Selects One Inc’s ClaimsPay® Solution

Businesswire | June 29, 2023

One Inc, the leading digital payments network for the insurance industry, announced today that Safety Insurance Group (Safety) has selected One Inc’s ClaimsPay® to modernize the consumer experience and provide instant claims payment functionality to its customers. This partnership underscores the industry’s emphasis on digital payment solutions and eliminating physical check reimbursements. One Inc currently enables more than 240 insurance carriers to process over $51 billion in payments annually. Headquartered in Boston, Massachusetts, Safety provides a full range of property and casualty insurance products and operates exclusively in Massachusetts, New Hampshire, and Maine. As part of the company’s goal to provide industry-leading ease of doing business and maximum efficiency, Safety selected One Inc’s ClaimsPay solution to streamline its entire claims disbursement process. Through One Inc’s ClaimsPay platform, Safety customers will have the option to receive digital payments through popular payment platforms like Venmo and PayPal, in addition to direct payment options. With integrated mobile and web platforms, Safety seeks to provide customers with a modern claims experience that uses familiar mobile technology. “Integrating One Inc’s ClaimsPay was a natural choice as we sought to innovate this vital area of our business,” said Steve Varga, Vice President of MIS. “We are focused on modernizing property and casualty insurance and are always looking for partners that deliver modern tools to improve the customer experience. Security, speed, and ease of the process are our top priorities, and ClaimsPay will help us meet and exceed those benchmarks.” “Instant payments deliver a required customer value proposition and a competitive advantage to insurance carriers,” said Ian Drysdale, CEO at One Inc. “As Safety Group looks to prioritize efficiency, many insurers are eyeing their claims technology to provide digital infrastructure that can help them rapidly adapt to the ever-changing needs of customers and stay ahead of the competition. We are proud that leading carriers like Safety are choosing One Inc for claims payment transformation.” About One Inc One Inc is modernizing the insurance industry through a unified and frictionless payment network. Focusing only on the insurance industry, One Inc helps carriers transform their operations by reducing costs, increasing security, and optimizing customer experience. The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications, and rapid digital claim payments, even for the most complex insurance use cases. As one of the fastest-growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claim payments. About Safety Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies.

Read More

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TPS Software Launches New Integration with CPACharge to Streamline Payment Processing for Accounting Professionals

PRnewswire | July 03, 2023

TPS Software, a leading provider of practice management software for accounting professionals, is proud to announce its new integration with CPACharge, an industry-leading online payment processing platform. This integration will enable TPS Software users to seamlessly process payments through the CPACharge platform, streamlining their payment workflows and enhancing their overall practice management experience. "Our goal has always been to provide accounting professionals with the tools they need to effectively manage their practices," said Ted Shandro, President of TPS Software. "With the integration of CPACharge into our platform, we are able to offer a streamlined payment processing solution that is specifically designed for accounting professionals." CPACharge provides a secure and user-friendly payment processing platform that enables professionals to accept credit card, debit card, and eCheck payments online. With the integration of CPACharge into the TPS Software platform, users can process payments directly within the software, eliminating the need for separate payment processing software. "We are excited to partner with TPS Software to offer accounting professionals a more efficient and seamless payment processing experience," said Dru Armstrong, CEO of AffiniPay, parent company of CPACharge. "Our platform is designed to help professionals save time and improve profitability, and this integration will help achieve those goals for TPS Software users." In addition to streamlining payment processing, the integration of CPACharge with TPS Software offers powerful reporting and client relationship management tools that are specifically tailored to the needs of accounting professionals. By consolidating these critical practice management functions into one integrated platform, users can save time, increase profitability, and optimize their workflow. About CPACharge: CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. AffiniPay is headquartered in Austin, Texas and offers a modern payment gateway that integrates with more than 40 software solutions and is trusted by 50,000 firms. CPACharge is the only payment solution offered as a Member Discount Partner by the AICPA and recommended by more than 35 state CPA societies. About TPS Software: Founded in 1999, TPS has long-served as a trusted and innovative home for accountants' time, billing, and practice management needs. With over 3,000 firms as clients throughout its history in Canada and the United States, TPS provides a sensible solution with affordable, industry-leading, and effective solutions to small and medium-size accounting firms' needs with both on-premise and cloud-based solutions.

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