Breaking News: XTM to Go Live on BlackFox Restaurant Management Tracking App with Today™ Program | Breaking News: XTM to Go Live on BlackFox Restaurant Management Tracking App with Today™ ProgramFinancial Buzz

Breaking News: XTM to Go Live on BlackFox Restaurant Management Tracking App with Today™ Program

XTM, Inc. (OTCQB: 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 it will launch its payment solution as a continuation of the Black Fox restaurant management tracking app.

BlackFox is an application developed exclusively for restaurant and bar managers and servers.  Their seamless cash-out process provides managers with calculation and management of tip-outs,  tip reporting management of due-backs and reporting to accounting.  Clients include Franworks, one of Canada’s largest hospitality groups in the casual dining segment, State & Main, The Keg, Original Joes, and the Rowden Group.

Restaurant sales were estimated for North America at  $863B in 2019 with 85% of full-service restaurant bills being paid with Debit or Credit.  The COVID-19 pandemic has accelerated the adoption of digital payments.  With the significant decline in the use and acceptance of cash and many service businesses declining cash as a form of payment, now more than ever, service industry operators need a solution for earnings and gratuity payouts.

XTM’s integration with BlackFox app is completed via its suite of published APIs.  The integration makes use of restful API calls, allowing for the creation of account administrators, card holders and card management directly from the BlackFox platform.  BlackFox users are not required to do any lifting in order to completely manage and move money to the Today program users.  The XTM APIs are publicly available at https://apidocs.mytodaycard.com.

Restaurant staff use their Today mobile app and prepaid card as they would any challenger or neo bank solution with a free mobile bank account and a paired app that empowers bill pay, online commerce, card-present point-of-sale, card-to-card transfer, ACH and eTransfer and more.

“The Today Solution works beautifully with the sophistication of BlackFox’ app,” said Marilyn Schaffer, CEO.  “BlackFox solves the tip-out calculations, reporting and accounting problems and we deliver the staff earnings; poetry in motion.”

“We were looking for a way to further the benefits of our solution within the restaurant space, said Dirk Britton, CEO, BlackFox.  “XTM already owns the earnings payout space so it made the most sense for best-of-breeds to collaborate for the ultimate solution.”

About XTM Inc.
XTM, www.xtminc.com is a Toronto-based fintech innovator in the challenger banking space helping business and workers alike expedite earnings payout and reduce or eliminate banking fees.   We are a global card issuer and payment specialist providing free technology to business to automate and expedite worker payouts that can eliminate cash.  XTM integrates businesses to a payment ecosystem that is coupled with a free mobile app and Mastercard debit card with free banking features. XTM drives enterprise value and creates a positive user experience.  

About BlackFox
BlackFox is a mobile application designed for restaurants, bar managers and servers to automate the daily cash-out process.  The process BlackFox automates begins with tracking and collecting shortages, communicating with staff regarding cash-out errors, calculating tip-outs, tracking due-backs, and reporting. 

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    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For xtm inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.