XTM Launches Today Visa Card Allowing Merchants Instant Access to Sales Funds
TORONTO, Jan. 22, 2019 /PRNewswire/ - XTM Inc. "XTM", a global card issuer, payment specialist, and marketing solutions company announced it has launched the Today Card® and its Instant Merchant Settlement ("IMS") solution for small and medium sized businesses ("SMBs").
The program named "The Today Card" will allow any SMB merchant instant access to their payment card transactions in real time. Currently, most merchants must wait between 2 to 3 days to get access to their funds from Visa, Mastercard, Amex and debit card sales transactions. Using the Today Card and mobile bank account, merchants will have immediate access to their funds to pay bills, transfer money to any bank account in real-time, make purchases and even access cash at any ATM.
XTM's proprietary Instant Merchant Settlement ("IMS") solution offers very low-cost access to cash helping businesses improve their cashflow and bridge the gap for things like payroll, inventory, and other business expenses.
Payment processors, ISOs and acquirers can quickly and easily deploy XTM's IMS solution across their merchant client base with a simple B2B API integration. The solution can also be private branded if desired. Interested partners can contact XTM at [email protected].
"This is truly a game changer as it relates to merchant settlements. IMS provides merchants with instant access to their sales dollars just like a cash transaction," commented Marilyn Schaffer, CEO, XTM. "In addition, the Today Card offers a virtually free, mobile bank account allowing merchants to eliminate the high costs of small business banking."
About XTM
Is a global card issuer, payment specialist, and marketing solutions company. We introduce and integrate brands to their own payment ecosystem creating new revenue and new opportunities. XTM is uniquely positioned to conceive and execute innovative programs that drive enterprise value and create a positive user experience.
SOURCE XTM Inc.
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