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IndustryUpdate
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financial institutions and payments professionals across
the south-central United States. To commemorate this
moment, SFE unveiled a refreshed logo and new mis-
sion, vision and values emphasizing adaptability, cre-
ativity and teamwork.

The anniversary celebration will launch at SFE’s 36th
Annual Conference, April 7 to 9 in Orange Beach,
Alabama. The event will focus on payments risk, compli-
ance, fraud and innovation. It will feature industry lead-
ers from Nacha, the Federal Reserve and major banks.
SFE said the milestone underscores its ongoing commit-
ment to education, advocacy and industry leadership.
XTM migrates 100,000+ members
to Everyday Payments
XTM Inc. reported it migrated more than 100,000 mem-
ANNOUNCEMENTS bers to the Everyday Payments virtual, tokenized wallet
platform, enabling same-day gratuity, expense and petty
cash access via Apple Pay and Google Pay. The move,
Checkout.com approved for Georgia Bank charter XTM stated, supports Canada’s frontline hospitality
workers while reducing operational complexity and pre-
Checkout.com received regulatory approval for a serving recurring platform economics.
Merchant Acquirer Limited Purpose Bank charter from
the Georgia Department of Banking and Finance, clear- The migration follows XTM’s October 2025 strategic
ing the way to operate as its own acquirer in the United management services agreement with Everyday People
States. The charter enables direct card network integra- Financial, under which Everyday Payments became a
tion, giving Checkout.com greater control, faster innova- majority-owned subsidiary. XTM and Everyday noted
tion and improved acceptance rates for U.S. merchants, they see rising demand for financial inclusion products
the company stated. and plan to expand offerings, while advancing growth
initiatives in the United States and beyond.
The approval marks a major expansion of North
American operations, anchored by a new strategic
hub in Atlanta alongside offices in New York and San RESEARCH
Francisco. Having processed more than $300 billion in
ecommerce volume in 2025, Checkout.com said it plans CheckAlt reports on future of receivables for FIs
to begin full charter banking operations in 2026.
Financial institutions are re-evaluating receivables oper-
ParaScript named Product Innovation Winner ations to better support commercial clients and internal
teams amid rising fraud risk, staffing constraints, and
ParaScript won a 2026 BIG Innovation Award in the increasing demands for speed and visibility.
Product Innovation category for its Embedded Signature
Verification solution. The patented technology embeds a According to CheckAlt, the future of receivables mod-
verified signature in encrypted, invisible form at docu- ernization centers on reducing operational friction rath-
ment issuance, enabling real-time signature authentica- er than replacing existing payment channels. Banks and
tion at presentment across ATMs, teller lines, remote credit unions continue to manage a mix of check and
deposit capture and high-speed processing systems. digital receivables, including lockbox, ACH, remote
deposit capture and card payments, which require coor-
Designed to prevent check fraud before funds move, the dination and oversight.
solution can reduce document-related task costs by up
to 95 percent, ParaScript stated. The award, presented CheckAlt emphasizes targeted automation, improved
by the Business Intelligence Group, recognizes applied data visibility and integrated workflows to stream-
innovation that emphasizes trust, privacy and secu- line routine tasks while preserving human judgment,
rity. ParaScript was among 159 winners across multiple enabling institutions to enhance efficiency, strengthen
industries honored. fraud controls, and support operations without disrupt-
ing client relationships.
SFE celebrates golden anniversary
Southern Financial Exchange is marking its 50th anni-
versary in 2026, celebrating five decades of service to

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