UPDATE — AppTech Successfully Boards its First International Airport Onto its Newly Acquired FinZeo Platform for Payment Processing
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Insights
The integration of AppTech's FinZeo platform at Reno-Tahoe International Airport is a strategic move that may signal significant growth opportunities for AppTech. The platform's ability to manage a vast array of financial transactions can streamline operations at the airport, likely leading to improved service speed and customer satisfaction. The scalability of FinZeo, as it prepares to onboard additional forty airports, suggests a substantial increase in AppTech's market presence and revenue streams.
From a financial perspective, the adoption of FinZeo by airports could potentially enhance AppTech's earnings before interest, taxes, depreciation and amortization (EBITDA) margins due to the nature of software platforms having relatively lower incremental costs once developed. Investors should monitor the rate of adoption across other airports as it will be indicative of the platform's market acceptance and reliability, which in turn could influence the company's stock valuation.
The announcement of the FinZeo platform's adoption by Reno-Tahoe International Airport and the projected onboarding of additional airports, is a strong indicator of AppTech's competitive positioning within the Fintech space. The ability to offer a unified platform that caters to ISO/ISVs and provides a customizable, white-labeled solution is a notable differentiator in the market. It is essential to consider the potential network effects as more airports adopt the platform, which could lead to a de facto standardization of financial transactions in the airport industry.
Understanding the market dynamics, including competitors' responses and the speed at which FinZeo can capture market share, is crucial. If AppTech successfully executes its rollout plan, it could secure a first-mover advantage, reinforcing its market position and creating barriers to entry for potential competitors. This could have long-term positive implications for AppTech's market share and influence investor sentiment positively.
The technological implications of deploying FinZeo across multiple airports are substantial. The platform's ability to integrate with existing systems and manage a diverse set of payment and banking services is a testament to its sophistication. For stakeholders, the key factors to consider include the security and reliability of the platform, as airports are critical infrastructures that require robust systems to prevent disruptions and protect sensitive financial data.
Moreover, the potential for operational efficiencies and growth through FinZeo's suite of solutions can lead to cost savings and enhanced revenue for the airports. The long-term benefits may include a more streamlined financial ecosystem within airports, which can adapt to evolving payment technologies and consumer behaviors. Stakeholders should evaluate the platform's adaptability to future technological advancements and regulatory changes within the financial sector.
Reno-Tahoe International Airport (RNO) is the first of an estimated forty airports being boarded onto the FinZeo platform during 2024 with over 400 airports anticipated to board over the coming years
CARLSBAD, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (Nasdaq: APCX) (“AppTech” or the “Company”), a pioneering Fintech company powering frictionless commerce between business-to-business and business-to-consumer, announces Reno-Tahoe International Airport as the first international airport to adopt its newly acquired FinZeo platform, which manages a majority of financial transactions within the airport’s facilities. The Company anticipates additional airports to fully adopt the platform in the coming weeks.
AppTech CEO Luke D’Angelo commented, “This milestone represents the first of an estimated forty domestic and international airports adopting our FinZeo platform to manage its financial activity in 2024. We believe that FinZeo provides optimal efficiency and safety for both the vendor and the consumer. In addition, we believe this onboarding lays the foundation for a profitable 2024.”
FinZeo is a unified platform designed to enable ISO/ISVs to fundamentally change the way companies of all sizes manage payments and banking. It drives operational efficiencies and growth while providing the economic convenience that merchants demand. ISO/ISVs can shop from a robust suite of solutions and choose the services they want to include in their customized, white-labeled portals.
About AppTech Payments Corp.
AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for corporations, small and midsized enterprises (“SMEs”) and consumers through the Company’s scalable cloud-based platform architecture and infrastructure, coupled with our Specialty Payments development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. For more information, please visit www.apptechcorp.com.
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.
Investor Relations Contact:
CORE IR
Scott Arnold
scotta@coreir.com
AppTech Payments Corp.
760-707-5959
info@apptechcorp.com
FAQ
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