XTM Launches AnyDay(TM) EWA for Fortune 15 Employer
2024-02-27 09:00 ET - News Release
Marking XTM’s Largest Commercial EWA Program To Date
Company Website: https://xtminc.com
MIAMI & TORONTO -- (Business Wire)
XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto, Denver and London-based Fintech creator of certified Earned Wage Access (EWA) through its QRails AnyDay™ product and fully integrated processor, is pleased to announce it has commercially launched AnyDay™, its SAP-certified and fully-compliant Earned Wage Access solution, for a Fortune 15 Employer.
“Our recently announced financing empowers us to launch the first of many significant AnyDay EWA deals,” said Marilyn Schaffer, XTM, CEO. “We are focused on execution, positioning us to support the massive demand for EWA, globally.”
Through the QRails acquisition, XTM became the first vertically integrated, fully SAP-certified provider of on-demand pay, a game-changer for employers who want to offer impactful, retention-focused benefits to their employees at scale.
A recently published white paper, The Era of On-Demand Pay, XTM cites that nearly 80% of workers in North America are living paycheck to paycheck, making it “the main financial lifestyle.” AnyDay’s Earned Wage Access solution solves for both challenges and is fully optional and free to employees, and free to businesses that make their payroll accessible mid-pay-cycle. By giving employees flexibility and control over when and how they get paid, employers can offer an automated and impactful financial wellness benefit that does not affect their bottom line. This is not a new concept, but a growing payroll movement. Millions of workers across North America have access to their earned wages, on-demand, any day during their pay cycle.
AnyDay’s Earned Wage Access is designed to easily implement and execute at scale. Through leading Payroll and Time & Attendance integrations and leading HR technology partners, XTM will continue to onboard employees within North America aiming for hundreds of thousands of active employees in 2024.
For more information and to access The Era of On-Demand Pay white paper, visit paidanyday.com