Toronto, Ontario--(Newsfile Corp. - December 8, 2021) - Hank Payments Corp. (TSXV: HANK) ("Hank" or the "Company"), a North American financial technology company that acts as a consumer's financial concierge, using powerful technology to automate the complexities of personal cash flow management, is pleased to announce the launch of its second-generation customer portal.
Hank's new portal makes it easy and convenient for customers to track their progress towards their financial wellness goals, whether at home or on the go.
"We know our customers live busy lives, so we designed our new portal to provide them with easy access to their account details, including account balances, recent and pending transactions, and progress towards reaching their financial wellness goals," commented Bill Holland, Hank's Chief Technology Officer. He added, "This release provides for a design that allows us to innovate and add more features quickly, including self enrolment for future products. The API's developed for this release will be used to create a self-enrolment capability for digital consumers, a feature we will be rolling out in the near future, be it for one or multiple payment types."
Hank's proprietary technology helps consumers improve their financial wellness by providing tools and services to better manage their monthly cash flow, automatically. Leveraging its deep datasets, including payment behaviour and propensity to pay faster, Hank provides consumers with valuable insights into their cash flow habits. Ultimately, Hank will work with financial service partners to bring customers a full range of offers and services to improve their financial wellness.
"Today, our new portal provides customers with a fast and easy way to track their payment performance, while getting them accustomed to using the portal with greater frequency, which will also allow them to take advantage of additional features we are adding near term. This will also allow us to transition acquired customers to Hank more easily due to the feature rich product sets being deployed," said Jeff Guthrie, President & COO, Hank Payments. "We look forward to working with other financial services providers to deliver a wider range of products and services to help consumers build savings accounts and other deposit related accounts with the goal to continue to improve the consumer's ability to manage liabilities, build equity and build cash assets."
About Hank Payments Corp.
Hank is a financial technology company. The Hank software platform (the "Hank Platform") acts as a consumer's personal, financial concierge using a powerful technology to automate the complexities of personal cash flow management. Through its FDIC (Federal Deposit Insurance Corporation) insured bank partners in the United States, Hank helps consumers in every state find funds in their existing cash flow and speed up the retirement of liabilities. The Hank Platform debits consumers when they have cash, stores the cash with partner banks, then automatically instructs partner banks to pay bills and loans as they come due and often sooner than required. Approximately half of Hank's customers are financially sound 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 USA and pay setup and ongoing monthly processing fees while remaining on the Hank Platform for an average of three years. Hank continues to innovate and anticipates launching more expansive 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 introducing Hank customers to interested lenders.
Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Corporation'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 Corporation's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the future success of the Corporation's business.
The forward-looking statements in this news release are based on certain assumptions, including without limitation the Shares beginning trading on the TSXV. The 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. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Corporation assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
For more information regarding Hank Payments Corp., please contact: Investor Relations, ir@hankpayments.com and visit the Company's website at www.hankpayments.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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