XTM secures integration to POS systems and time tracking software accelerating U.S. roll-out

By Edlyn Cardoza

XTM, Inc., a Miami and Toronto-based FinTech company in the neo-banking space, providing mobile banking and payment solutions worldwide, recently announced that it has completed a technical integration that opens-up access to 20 restaurant-focused Point-of-Sale (POS) and time and attendance software systems throughout the United States.

POS integration is a streamlined connection between POS software and a restaurant or salon’s accounting and operations platform. The operations platform can pull detailed data directly from the POS in real-time with integration. XTM currently has integration to the Lightspeed POS, where merchants seamlessly deploy the Today™ Mobile employee earned wage access solution with no friction to their business. Through this integration, XTM’s platform pulls all employee earnings and gratuity data at the end of each shift, enabling the business to push funds to every employee instantly.

“With this advancement of one integration to multiple POS Systems, we have opened up the potential of several systems into a centralized data model, allowing us to integrate once and benefit from data extracted from 20+ POS and time tracking software systems,” said Chad Arthur, CTO, XTM. “With this move we’ve eliminated weeks and weeks of integration that would be required to finalize access to just a single POS platform. We look forward to reaping the benefits of this acceleration, eliminating several months of research and development.”

“This is an important step in accelerating our value to restaurants and service industry workers alike throughout the United States,” said Marilyn Schaffer, CEO, XTM. “Our intention is to move quickly to provide Earned Wage Access to service workers as further incentive to return to work.”