XTM, a Toronto-based fintech company in the challenger banking space that provides mobile banking and payment solutions, will be installing cash-to-prepaid-card kiosks, or reverse ATMs, to large venues and stadiums across North America, according to a press release.
Users will insert bills into the kiosk and in less than 60 seconds the deposit will be applied to an EMV and contactless enabled Mastercard prepaid card.
The XTM kiosk features a 42-inch touchscreen that will provide promotion and advertising opportunities to be displayed when the kiosk is not in use.
XTM has orders from colleges, universities NHL, NBA and MLS stadium owners and other large venues.
The company’s XTM Today employee instant payout solution eliminates cash disbursements for tips and earnings.