Maple Leaf Sports and Entertainment Selects Today™ Mastercard® Program for Instant Employee Payouts
MIAMI and TORONTO, March 4, 2021 /CNW/ – 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 that it has signed a deal with Maple Leaf Sports and Entertainment (“MLSE”) to use the Today Mastercard Program (“Today Program”) for cashless employee disbursements.
MLSE is one of North America’s leading providers of exceptional experiences with the National Hockey League’s Toronto Maple Leafs, the National Basketball Association’s Toronto Raptors, Major League Soccer’s Toronto FC, the Canadian Football League’s Toronto Argonauts and development teams with the Toronto Marlies (American Hockey League), Raptors 905 (NBA G League) and Toronto FC II (United Soccer League). MLSE owns and/or operates all of the venues in which its teams play and train, including Scotiabank Arena, BMO Field, Coca-Cola Coliseum, Ford Performance Centre, BMO Training Ground, and OVO Athletic Centre.
In addition to all the stadium concession workers and in-stadium restaurant and hospitality workers, MLSE also operates two out-of-stadium restaurants, Real Sports (RS) and e11even, both of which have already been onboarded to the Today program’s cashless ecosystem.
“We look forward to welcoming fans back into our venues when it is safe,” said Matthew Valentine, Director, Strategy & Operations, F&B. MLSE. “When that does happen we’ll be able to offer our employees cashless payout processes using the Today Program, which will reinforce safety protocols and mitigate risks.”
“We are very excited to further our relationship with an organization of the stature of MLSE,” said Marilyn Schaffer, CEO, XTM. “The Today Program effectively eliminates cash from every venue’s employee payout process and replaces it with a simple, efficient digital process that is easy to reconcile, simple to use and implement, and free. We are now in discussions with multiple major league sports stadium operators and other large entertainment venues; eager to get our solution in action when social restrictions lift.”
Now more than ever, workers need instant access to their pay. XTM’s Today Program and mobile wallet is a perfect solution for all arena, stadium and hospitality workers to get access to their hard-earned wages and gratuities at the end of each shift. Employees can use their Today Mastercard and app for in-store or online purchases, to withdraw cash at ATMs, pay bills in-app, send real-time transfers to bank accounts and more.
About XTM Inc.
XTM, www.xtminc.com is a Miami and Toronto-based fintech innovator in the neo-banking space helping business and workers alike expedite earnings payout and eliminate banking fees. We are a global card issuer and real-time payment specialist providing our technology to businesses to automate and expedite worker payouts that can also eliminate cash. XTM integrates businesses to a payment ecosystem that is coupled with a free mobile app and a Visa or Mastercard debit card with free banking features. XTM drives enterprise value and creates a positive user experience.
SOURCE XTM Inc.