AppTech Payments Corp. Expands Payments Processing Capabilities Across North America

Rhea-AI Summary

AppTech Payments Corp. (NASDAQ: APCX) has announced a new partnership aimed at enabling cross-border transaction processing in Canada across various retail sectors, including ecommerce, hospitality, and automotive. This collaboration enhances AppTech's payment capabilities, integrating advanced processing solutions, omnichannel functions, and multiple pricing strategies. Additionally, it builds on AppTech's recent acquisition of Hothand Inc., which brings a patent portfolio for geofence-triggered ecommerce. The initiative underscores the company's commitment to transforming customer commerce experiences.

Positive

• Establishment of a partnership for cross-border payment processing in Canada.
• Enhanced payment capabilities including next-day settlement and omnichannel support.
• Integration with Clover products and broad acceptance of major credit cards.

Negative

• Potential risks and uncertainties related to the partnership and broader economic conditions.
• Forward-looking statements indicate possible competition and geopolitical impacts on business.

New partnership will open opportunities for AppTech to enable processing transactions in multiple retail industries in Canada

CARLSBAD, Calif., July 19, 2022 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (AppTech) (NASDAQ: APCX), a Fintech company powering commerce experiences, is excited to announce a partnership that will enable transactions across international borders in a multitude of different retail outlets in Canada, including in-person retail, ecommerce, transportation, lodging, hospitality, automotive, and restaurants.

“We are thrilled to expand cross-border payment capabilities in Canada, setting the stage for future reach and access to AppTech’s transformative payment solutions,” said Virgil Llapitan, President of AppTech Payments Corp. “This partnership creates the foundation for enabling a full range of stellar commerce experiences for both brands and customers across borders.”

The advanced payments processing capabilities will support fully integrated Clover products, next-day settlement, support for multiple pricing strategies, cross-border remittance, omnichannel capabilities, strong PCI compliance, and a broad acceptance across multiple types of cards, including: MasterCard, Visa, American Express, Discover, JCB, China Union Pay, and Interac Debit Cards.

The expansion into Canada further builds upon the strengthening of AppTech’s fully integrated approach to unify a brand’s online and offline customer experiences and purchasing journeys. Today’s announcement comes on the heels of AppTech’s acquisition of Hothand Inc. (Hothand) in late-May that gave the company ownership over the intellectual property rights to a thirteen-patent portfolio that broadly covers geofence triggered ecommerce and/or advertising via cell phone.

Forward-Looking Statements
This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. 

About AppTech Payments Corp
AppTech Payments Corp. (NASDAQ: APCX) is an innovative Fintech company with an elite digital platform that powers seamless omni-channel commerce experiences for clients and their customers. AppTech is developing a transformative digital payments and banking all-in-one platform that will upend the Fintech industry. Our embedded, highly secure platform drives B2B, B2C and P2P capabilities in Payments as a Service (PaaS) and Banking as a Service (BaaS) from crypto and contactless payment options to virtual cards, text-to-pay, mobile-to-mobile and cross-border remittance.

Investor Relations Contact
Ben Shamsian
Lytham Partners, LLC
shamsian@lythampartners.com
646-829-9701

Media Contact
Sarah Bilyeu
KCD PR for AppTech Payments Corp
AppTech@kcdpr.com

AppTech Payments Corp.
info@apptechcorp.com
760-707-5959

FAQ

What is the significance of AppTech's partnership in Canada?

The partnership enables cross-border transaction processing across multiple retail sectors, enhancing payment capabilities.

How does the new partnership affect AppTech's stock (APCX)?

The partnership may positively influence AppTech’s market position and revenue potential, impacting APCX's stock performance.

When was the partnership announced by AppTech?

The partnership was announced on July 19, 2022.

What types of transactions will AppTech support in Canada?

AppTech will support transactions in retail, ecommerce, transportation, lodging, hospitality, automotive, and restaurants.

What recent acquisition did AppTech make before the partnership announcement?

AppTech acquired Hothand Inc., securing a patent portfolio for geofence-triggered ecommerce.