AppTech Payments Reports First Quarter 2022 Results
CARLSBAD, Calif., May 10, 2022 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX), a Fintech company powering commerce experiences, today announced results for its First Quarter ended March 31, 2022. The financial statements and 10-Q are available on sec.gov.
First Quarter 2022 Financial Highlights
Recent Business Highlights
Luke D’Angelo, CEO of AppTech commented: “We are continuing to make meaningful progress towards the launch of our platform in 2022. Our platform is based upon industry standards for payment and banking protocols, and will offer merchants, banking institutions and business enterprises, standalone products and fully integrated solutions that deliver innovative, unparalleled payments, banking, and financial services experiences. We are excited that our clients are eager to onboard, gaining the tools to execute payments in today’s digital and crypto market.
Our technology is based on our strong portfolio of patents, covering many areas, including mobile to mobile and computer to mobile payment. Our recent acquisition of Hothand further bolsters our patent portfolio to 16 total patents. Our ownership of these patents, many of which have been cited by industry-leading corporations, will allow us to pursue licensing agreements with many large companies.
Our strong balance sheet will allow us to properly execute our plans to become a premier Fintech platform that powers commerce experiences. Over the past few months, we have made strategic hires, onboarding strong talent across all areas of the Company.”
AppTech is developing an embedded, highly secure digital payments and banking platform that powers commerce experiences for clients and their customers. Based upon industry standards for payment and banking protocols, the Company will offer standalone products and fully integrated solutions that deliver innovative, unparalleled payments, banking, and financial services experiences. AppTech’s processing technologies can be taken off-the-shelf or tapped into via our RESTful API to build fully branded and customizable experiences while supporting tokenized, multi-channel, and multi-method transactions.
For more information about our Company, please visit www.apptechcorp.com.
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AppTech Payments Corp
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