Toronto, Ontario–(Newsfile Corp. – March 7, 2022) – Hank Payments Corp. (TSXV: HANK) (“Hank” or the “Company”), a North American fintech company that uses powerful technology to automate the complexities of personal cash flow management on a centralized platform, is pleased to announce that it has joined as a member of the North American Financial Data and Technology Association (“FDATA”). FDATA offers its members a collective seat at the industry negotiating table in several policy working groups, expert advisory groups, and task forces related to Open Banking.
FDATA works with government, policymakers, and regulators to create a fair and ethical competitive landscape that promotes competition, innovation, and better consumer outcomes. Members provide innovative financial apps and services that empower consumers to make better financial decisions and gain more control over their financial lives. Joining the FDATA allows Hank to continue to maintain and improve these industry-leading standards by conveying information on critical policy issues, changes, and trends. As open banking initiatives continue to gain traction, innovative fintech companies like Hank are well positioned to provide personalized products and services.
“Today, North Americans can benefit from innovation in fintech technology to improve their financial well-being,” said Jeff Guthrie, president and chief operating officer of Hank. “We are excited to work with the FDATA and policymakers to establish open banking regulations that allow everyone to participate and innovate in a healthy and competitive financial marketplace.”
“As the North American payments landscape continues to modernize, we are excited to welcome Hank’s innovators to our growing membership and look forward to an exciting new partnership that will reinforce our shared belief. that consumers and small businesses should have full control over their own financial data,” said Steve Boms, executive director of FDATA North America.
The company also announces that it has entered into a 12-month marketing and consulting contract with Toronto-based marketing firm North Equities Corp. (the contract”). North Equities Corp. specializes in various social media platforms and will be able to facilitate greater awareness and wide dissemination of Society news. Under the contract, the company will pay North Equities CA$50,000 plus applicable taxes per three-month period and 1,050,000 options at a price of $0.15 per option. The options will vest over 12 months, with 25% vesting each quarter. The contract can be terminated before the end of the six-month campaign. North Equities does not currently hold any shares of the Company.
The Financial Data and Technology Association is a non-profit organization representing FinTechs operating in Open Banking and Open Finance. He works with governments, policymakers and regulators to create a fair and ethical competitive landscape that promotes competition, innovation and better consumer outcomes. Its members provide innovative financial apps and services that empower consumers to make better financial decisions and gain more control over their financial lives. For more information on FDATA, please visit: https://fdata.global/.
About Hank Payments Corp.
Hank is a fintech company. The Hank Software Platform (the “Hank Platform“) acts as the consumer’s financial concierge using powerful technology to automate the complexities of personal cash flow management. Through its Federal Deposit Insurance Corporation (FDIC) insured banking partners in the United States , Hank helps consumers in every state find funds in their The Hank platform debits consumers when they have money, stores the money with partner banks, then automatically instructs partner banks to pay the bills and loans as they come due, and often sooner than necessary. of Hank’s customers are financially strong and use the Hank platform for convenience, while the other half improve their payment performance through the use of the Hank platform. One hundred percent of Hank’s customers are in the United States and pay ongoing monthly setup and processing fees while remaining on the has rig Hank for an average of three years. Hank continues to innovate and plans to launch features to its expected growing customer base that will provide greater visibility into their cash flow, credit performance and viability to borrow or refinance at lower rates, including presenting Hank’s clients to interested lenders.
This press release may contain forward-looking statements (within the meaning of applicable securities laws) that reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, ” estimate” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, but are not limited to, statements regarding the future success of the Company’s business.
The forward-looking statements contained in this press release are based on certain assumptions, including, without limitation, the shares commencing trading on the TSXV. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, readers should not place undue reliance on these forward-looking statements. Further, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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For more information about Hank Payments Corp., please contact: Investor Relations, email@example.com and visit the company’s website at www.hankpayments.com.
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