Toronto-based mobile banking startup XTM has announced it will begin shipments and installations in early October of its new so-called Reverse ATMs to large venues and stadiums across North America.
The Canadian company is operating in the challenger banking space and provides mobile banking and payment solutions around the world.
The new Reverse ATMs will empower users to insert bills into the kiosk and in less than a minute the deposit will be applied to an EMV and contactless enabled Mastercard prepaid card.
Secure and contactless payments will help to expedite transaction times, facilitating increased in-stadium sales.
The new kiosks comes complete with 42-inch touch-screens and intuitive software to allow for 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 looking for a turnkey, cost effective, fast and secure way to eliminate cash from their ecosystems.
“We are very excited to begin deliveries of our new kiosk in the coming weeks,” said Marilyn Schaffer CEO at XTM. “The design, functionality and user experience of our kiosk makes it a true contender for large venue stadiums seeking to eliminate cash from their ecosystem.”
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