Business
Everyday Payments, Commences RPAA Compliance Process for Thousands of Hospitality Businesses
TORONTO, February 02, 2026--XTM Inc. (OTCQB: XTMIF | CSE: PAID), a fintech company delivering instant payout solutions for employees and gig workers, today announced the commencement of the Retail Payment Activities Act (RPAA) compliance process through its management services subsidiary, Everyday People Payments Inc. ("Everyday Payments"), for thousands of hospitality businesses across Canada.
About this update from Everyday People Financial Inc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1959,"height":374,"url":"https://media.zenfs.com/en/business-wire.com/ce20a044fdcf75f6f33fcb69b662b2b1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OZehIUXr_42C2I157uP93A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/ce20a044fdcf75f6f33fcb69b662b2b1","width":960,"height":183},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/9_0DncAmkbC5jkNV7LYkcw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00NTg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/ce20a044fdcf75f6f33fcb69b662b2b1","width":1200,"height":229}},"lazy":false},{"type":"text","content":"TORONTO, February 02, 2026--(BUSINESS WIRE)--XTM Inc. (OTCQB: XTMIF | CSE: PAID), a fintech company delivering instant payout solutions for employees and gig workers, today announced the commencement of the Retail Payment Activities Act (RPAA) compliance process through its management services subsidiary, Everyday People Payments Inc. ("Everyday Payments"), for thousands of hospitality businesses across Canada.","length":424,"tagName":"p"},{"type":"text","content":""Applying under the RPAA to the newly formed Everyday Payments is a natural extension of how we operate our business," said Gordon Reykdal, Executive Chairman Everyday People Financial Corp. and Board Member, Everyday Payments. "We welcome a clear and robust regulatory framework and believe it strengthens trust across the payments ecosystem, benefiting consumers, merchants, and partners alike."","length":417,"tagName":"p"},{"type":"text","content":"Pursuant to the Management Services Agreement entered into between XTM and EP Payments on October 22, 2025, EP Payments has been operating the Everyday platform, focused on enhancing system capabilities and establishing long-term operational stability. On January 28, 2026, additional risk mitigation measures were implemented to address legacy operational practices, including:","length":378,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Implementation of regulated trust accounts for each client, expected to be completed within 30–45 business days","length":111,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Transition from w...