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.
“While the RPAA transition has included challenges related to reconciliation and technology alignment, we welcome building from a place of discipline.” — Marilyn SchafferShare
“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.”
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:
- Implementation of regulated trust accounts for each client, expected to be completed within 30–45 business days
- Transition from weekly to daily withdrawals, improving reconciliation, control, and operational visibility
- Enhanced audit and review rights for business owners to independently assess account standing
“The RPAA framework represents a meaningful step forward for XTM as we complete the migration of AnyDay to Everyday Payments,” said Marilyn Schaffer, CEO of XTM. “This progress would not have been possible without the expertise and infrastructure of the EPP team. While the transition has included challenges related to reconciliation and technology alignment, we welcome the rigor and discipline the RPAA brings and look forward to building from a position of strength.”
The Retail Payment Activities Act, which came into force in stages beginning in November 2024, is a Canadian federal law establishing a comprehensive regulatory framework for payment service providers (PSPs). Administered by the Bank of Canada, the Act requires PSPs to register, implement operational risk management frameworks, safeguard end-user funds, and adhere to incident reporting requirements. Registration under the RPAA opened on November 1, 2024.
As part of this framework, the newly formed Everyday Payments to which the AnyDay Canadian hospitality tip-out solution was transitioned is implementing policies and controls aligned with the Act’s requirements, including enhanced risk management practices, safeguarding of end-user funds, and formal incident reporting processes.
As a critical service for the Canadian hospitality industry, Everyday Payments is committed to remaining fully operational and continues to serve its customers while the RPAA registration implementation is underway.
