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AppTech Integrates Fintech Platform to Transform Traditional Banking and Payments Infrastructure Resulting in Cost Reduction, Secure Banking, and Instant Movement of Cash

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AppTech Payments Corp. announces the integration of its Commerse and FinZeo products into a unified Fintech platform, aiming to streamline payments and enable real-time transfer of funds without borders. The company believes this move will allow traditional banks to compete more effectively in the digital banking space, offering vertically integrated financial services to eliminate costs and redundancies. AppTech's strategic partner agreement with Broadnet also allows for custom eco-solutions for various clients, including community banks, credit unions, municipalities, franchises, associations, healthcare, events, mobile payments, bill pay, and non-profits.
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The integration of AppTech's Commerse and FinZeo platforms represents a strategic move to streamline financial services and enhance the company's competitive position in the digital banking and specialty payments industry. This consolidation is likely to drive operational efficiencies, potentially leading to reduced costs and improved profit margins for AppTech. By offering a unified solution, AppTech could see an increase in market share as it becomes a more attractive partner for banks and merchants seeking comprehensive financial services.

From an investor's perspective, the market will likely monitor the adoption rate of the integrated platform and its impact on AppTech's revenue growth. The success of the platform may also lead to strategic partnerships, further entrenching AppTech in the financial ecosystem. However, investors should consider the risks associated with technology integrations, including potential execution challenges and the need for continuous innovation to maintain a competitive edge.

The Fintech sector is characterized by rapid innovation and intense competition. AppTech's move to integrate Commerse and FinZeo into a single platform may resonate well with the growing demand for seamless financial solutions. The platform's open architecture and system-agnostic approach could be particularly appealing to a broad range of customers, including community banks and non-profits, who are often underserved by larger Fintech players.

Market research indicates a trend towards digital banking solutions that offer real-time, borderless fund transfers. AppTech's emphasis on secure, frictionless commerce aligns with these market demands. However, the company must navigate a landscape where customer loyalty is fluid and technology adoption cycles are short. Market penetration will depend on how well the integrated platform is received by the end-users and how effectively AppTech can leverage its strategic partnership with Broadnet to expand its client base.

The technical implications of integrating two complex platforms such as Commerse and FinZeo involve significant challenges and opportunities. The unified cloud-based platform must ensure data integrity, security and scalability to handle increased transaction volumes. The platform's patent-protected portal and agnostic capabilities suggest a robust and flexible infrastructure that can adapt to various user requirements and payment systems.

Ensuring a seamless user experience while maintaining high security standards is critical for customer adoption and retention. AppTech's platform integration will need to be monitored for performance and reliability to maintain trust with consumers, merchants and bankers. Additionally, the company's ability to onboard existing and new customers without disruptions will be crucial for the platform's long-term success.

AppTech’s Commerse™️ and FinZeo™️ products fully integrated into one disruptive Fintech platform creating efficiencies throughout the value chain for consumers, merchants, and bankers

CARLSBAD, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech”) (Nasdaq: APCX), a pioneering Fintech company powering frictionless commerce, announces it has completed the integration of its Commerse product with its recent acquired FinZeo platform. Commerse is a patent-protected portal enabling Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) to drive secure and scalable payments, digital banking, and merchant services from a single, unified stack. FinZeo focuses on the secure movement of money.

“We believe our combined Fintech platform is positioned to enable traditional banks to more effectively compete in the Digital Banking sphere. AppTech now offers vertically integrated financial services to eliminate costs and redundancies while streamlining payments to enable real time transfer of funds without borders,” said Luke D’Angelo, AppTech’s Chairman & CEO. “This is a game-changer for the multi-billion dollar Specialty Payments space and certainly for AppTech. Our unified cloud-based platform frees the movement of money, safely and securely, and we stand ready to onboard our existing customers and any bank, merchant, or consumer.”

As the leader in Specialty Payments, and with a strategic partner agreement with Broadnet, AppTech’s combined platform now offers custom eco-solutions to existing and future clients including community banks, credit unions, municipalities, franchises, associations, healthcare, events, mobile payments, bill pay and non-profits. AppTech’s open architecture, extensible system is agnostic to any system, enabling users to move money how and when they wish.

About AppTech Payments Corp

AppTech Payments Corp. (Nasdaq: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”) and consumers through the Company’s scalable cloud-based platform architecture and infrastructure, coupled with our commerce experiences 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

What products did AppTech integrate into a unified Fintech platform?

AppTech integrated its Commerse and FinZeo products into a unified Fintech platform.

What is the ticker symbol for AppTech Payments Corp.?

The ticker symbol for AppTech Payments Corp. is APCX.

What is the focus of AppTech's Commerse product?

Commerse focuses on enabling Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) to drive secure and scalable payments, digital banking, and merchant services from a single, unified stack.

What is the focus of AppTech's FinZeo platform?

FinZeo focuses on the secure movement of money.

What does AppTech's unified cloud-based platform aim to achieve?

AppTech's unified cloud-based platform aims to free the movement of money, safely and securely, and enable real-time transfer of funds without borders.

Who is AppTech's strategic partner agreement with?

AppTech's strategic partner agreement is with Broadnet.

AppTech Payments Corp.

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About APCX

apptech is a financial services and information technology company. with electronic payments at its core, the company offers an array of service lines to both business and consumer markets through its branded subsidiaries, transcendent one and transtech one. the company focuses on patented mobile technologies to compliment its product and service offerings. transcendent one is the first and only merchant-owned credit card processing company that offers its merchants shares in our company based on merchant processing volume. the company is a provider of merchant services, including credit card processing, electronic check & ach processing, gift & loyalty card programs, and merchant cash advance services. transtech one offers commercial and residential it services through its regional transtech one retail service centers. the company prides itself as the only information technology services company that offers merchant services and vice versa. headquartered in carlsbad, ca the compa