Restaurants call on courts to force XTM to repay missing funds (opens original article in a new tab)

Canadian restaurant groups urge Ontario court to compel XTM to repay debts from EveryDay Payments platform collapse, citing a $18.75 million trust deficit and seeking conditions on the platform's sale to ensure recovery for affected businesses.

• Restaurants associations in Canada ask Ontario court to force XTM to repay debts from EveryDay Payments collapse
• XTM had $18.75 million trust deficit according to financial reports
• Court-supervised sale of EveryDay Payments platform is underway with Pateno Payments as potential buyer
• Associations want sale conditions to require buyer to contribute to recovery pool for affected operators