Latest news with #smartpayments
National Post
15-07-2025
- Business
- National Post
FUTR Achieves Major Milestone, Integrates All Consumer Payments Profiles Into AI Agent App Activating Millions of Data Points
Article content FUTR has completed the pre-beta integration of all FUTR Payment profiles into the broader FUTR AI Agent App This integration involved creating a smart FUTR Vault for each of the 42,000 current FUTR Payments consumer profiles to connect this data to FUTR's AI Agent infrastructure The FUTR Pay consumers will form part of the initial Beta launch of the FUTR AI Agent App in H2 2025 Article content Article content TORONTO — The FUTR Corporation (TSXV: FTRC) ('FUTR' or the 'Company'), a consumer-centric platform for data valuation and monetization, is pleased to announce a major technology milestone related to the integration of all existing FUTR Payment Consumer profiles into the infrastructure of the FUTR AI Agent App. Article content FUTR's AI Agent App is focused on putting money back in consumer's wallets through a unique data monetization rewards system, personalized offers as well as agent-driven smart payment management and Consumer AI Powered Life Management. The FUTR AI Agent App will allow Enterprises to get rewarded for contributing consented Consumer data to AI Agents and also allow Brands to leverage this data to improve offer personalization and reduce customer acquisition cost. Article content FUTR Payments has saved Consumers millions of dollars of interest since its inception and has transacted over $3bn in payment volume on behalf of nearly 300k users via automated cash flow and loan payment management. Today, FUTR is excited to report that all of this financing, payment and powerful historical data has been integrated into its AI Agent App infrastructure, activating millions of agent training data points. Article content To execute this integration, FUTR has created a smart FUTR Vault for each Consumer profile, which allows all current and historical Consumer data to be referenced by the AI Agent platform. FUTR Payments Consumers will have all new payments data automatically added to this intelligent vault and will also be able to add in a broad array of other data and get rewarded for it as the Agent platform comes fully online through Q3. This allows the consumer to house all of their important documents, including leases, loans, insurance and any other life documents while benefiting from FUTR's AI Agent interpretation and summarization of key documents, which are often not understood when executed. FUTR's AI Agents analyzes data and notifies consumers when key events are upcoming and allows the consumer to query their personal documents to drive deeper understanding of their personal life roadmap and the things they need to do to stay compliant with their agreements. Article content This is a major milestone for FUTR as it seeds the AI Agent platform with a significant amount of high validity, high quality payments and financing data and positions the FUTR AI Agent App with a strong initial Consumer base for its Beta launch, anticipated in Q3 2025. FUTR Payments has over 250,000 additional historical payment consumers to invite to the platform as it continues to work on large strategic consumer centric enterprise deals targeting millions of consumers in the coming years. Article content 'This milestone is very exciting for us as it is a key marker on the roadmap to fully executing on our strategic vision. FUTR Payments has historically been a very successful intelligent payment rails platform with a phenomenal consumer value proposition. We have now taken a major step in connecting it in with a leading edge AI Agent platform revolutionizing the way consumers think about their data and live their life,' said Alex McDougall, President of FUTR. Article content The Company also announces today that it has granted incentive stock options and restricted share units to certain officers, consultants and employees of the Company. A total of 300,000 stock options were granted and 100,000 restricted share units. The stock options were granted with an exercise price of $0.365. They have a term of 5 years with 200,000 vesting at a rate of 1/48 th per month and 100,000 vesting immediately. All stock options and restricted share units were granted pursuant to the Company's Omnibus Equity Incentive Plan. Article content About The FUTR Corporation Article content FUTR's AI Agent App is focused on putting money back in consumer's wallets through a unique data monetization rewards system, personalized offers as well as agent-driven smart payment management. The FUTR AI Agent App will allow Enterprises to get rewarded for contributing consented consumer data to the Agent and also allow Brands to leverage this data to improve personalization and customer acquisition. Article content Article content Forward-Looking Statements Article content This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company'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 Company's expectations, estimates, forecasts, and projections and include, without limitation, statements regarding the future success of the Company's business and the consolidation of the Company's common shares. The forward-looking statements in this news release are based on certain assumptions. 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 Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Article content Article content Article content Article content Article content Contacts Article content
Zawya
08-05-2025
- Business
- Zawya
Salik and ENOC sign MoU to introduce smart seamless payment solutions at service stations
Dubai, UAE: Salik Company PJSC (Salik), the exclusive toll gate operator of the Emirate of Dubai, has announced the signing of a Memorandum of Understanding (MoU) with ENOC Group, a leading integrated global energy player, to develop smart and seamless payment solutions that enhance the customer experience at ENOC service stations. The Memorandum of Understanding (MoU) was signed at ENOC Head Office by Ibrahim Sultan Al Haddad, CEO of Salik Company, and Zaid Alqufaidi, Managing Director, ENOC Retail. Under the agreement, Salik and ENOC customers will enjoy a completely seamless experience through the introduction of integrated payment options for fuelling and other services across ENOC Group's network of service stations and retail locations, with the transaction value automatically deducting from the customer's balance in their Salik e-wallet. This is enabled through use of cameras with technology for Automatic Number Plate Recognition (ANPR). This is the same trusted technology currently in use at over 25 parking locations — and soon expanding to over 127 locations. Seamless payments are powered by Salik's e-wallet, and already available at key destinations such as Dubai Mall, Dubai Marina Mall, Souq Al Bahar, Dubai Harbor, Miracle Garden, Marina Walk and others. This collaboration represents a significant milestone in both companies' digital transformation journeys. It aims to streamline the customer experience, improve operational efficiency, and reduce reliance on traditional payment methods. Additionally, the initiative supports Salik's growing ancillary revenue streams. Commenting on the announcement, Mr. Ibrahim Sultan Al Haddad, CEO of Salik Company, said: 'Our collaboration with ENOC supports Salik's broader strategy to drive digital transformation across the transportation and services sector. By introducing innovative, secure, and seamless payment methods, we aim to enhance convenience for customers and road users. This partnership reinforces our commitment to delivering advanced technologies that simplify transactions, improve operational efficiency, and strengthen Salik's position as a key enabler of sustainable and intelligent mobility solutions across the Emirate of Dubai.' Commenting on the agreement, His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: 'We are pleased to partner with Salik. This agreement represents a significant step towards enhancing the customer journey at our service stations. By leveraging Salik's innovative technology and expertise, we aim to provide a seamless and convenient payment experience for our customers, while also exploring new opportunities to add value and strengthen our market position. We are confident that this partnership will deliver tangible results for both parties and our valued customers.' The MoU outlines a framework for joint marketing campaigns to raise awareness of the new digital features, developed in line with the highest standards of security and data protection. Both organisations are also exploring opportunities to deepen their collaboration through a potential strategic partnership, focused on delivering greater value to their shared customer base. In addition, the agreement includes plans for joint technical integration and the phased rollout of smart payment solutions, with scope to expand Salik-powered services across the wider ENOC station network. The agreement builds on Salik's continued efforts to deliver intelligent, customer-centric mobility solutions. On 31 January, the company launched its variable tolling system, a major initiative aimed at improving traffic flow and enhancing the efficiency of Dubai's wider transport infrastructure. ENOC Group, meanwhile, continues to drive progress through a sustained focus on digital innovation, operational excellence, and customer-centric services. The Group remains committed to elevating the service experience across its network, in line with its vision to support the UAE's broader transformation into a more advanced, connected, and future-ready economy About Salik Company PJSC The Company was established in its current form, as a public joint stock company in June 2022 pursuant to Law No. (12) of 2022. 'Salik', which means 'seamless mobility' in Arabic, is Dubai's exclusive toll gate operator and manages the Emirate of Dubai's automatic toll gates utilising Radio-Frequency-Identification (RFID) and Automatic-Number-Plate-Recognition (ANPR) technologies. The Company currently operates 8 toll gates located at strategic junctures, especially on Sheikh Zayed Road, which is considered the main road in Dubai. In 2023, 593 million journeys were recorded through Salik's toll gates, whether for residents commuting within the Emirate for their daily activities or for tourists visiting Dubai's attractions. Under a 49-year concession agreement (ending in 2071), with the Roads and Transport Authority (RTA), Salik has the exclusive right to operate existing and any future toll gates in Dubai.
Zawya
08-05-2025
- Business
- Zawya
Salik, ENOC sign MoU to introduce smart seamless payment solutions at service stations
Salik Company PJSC (Salik), the exclusive toll gate operator of the emirate of Dubai, has announced the signing of a Memorandum of Understanding (MoU) with ENOC Group, a leading integrated global energy player, to develop smart and seamless payment solutions that enhance the customer experience at ENOC service stations. The Memorandum of Understanding (MoU) was signed at ENOC Head Office by Ibrahim Sultan Al Haddad, CEO of Salik Company, and Zaid Alqufaidi, Managing Director, ENOC Retail. Under the agreement, Salik and ENOC customers will enjoy a completely seamless experience through the introduction of integrated payment options for fuelling and other services across ENOC Group's network of service stations and retail locations, with the transaction value automatically deducting from the customer's balance in their Salik e-wallet. This is enabled through use of cameras with technology for Automatic Number Plate Recognition (ANPR). This is the same trusted technology currently in use at over 25 parking locations — and soon expanding to over 127 locations. Seamless payments are powered by Salik's e-wallet, and already available at key destinations such as Dubai Mall, Dubai Marina Mall, Souq Al Bahar, Dubai Harbor, Miracle Garden, Marina Walk and others. This collaboration represents a significant milestone in both companies' digital transformation journeys. It aims to streamline the customer experience, improve operational efficiency, and reduce reliance on traditional payment methods. Additionally, the initiative supports Salik's growing ancillary revenue streams. Commenting on the announcement, Ibrahim Sultan Al Haddad, CEO of Salik Company, said, 'Our collaboration with ENOC supports Salik's broader strategy to drive digital transformation across the transportation and services sector. By introducing innovative, secure, and seamless payment methods, we aim to enhance convenience for customers and road users. This partnership reinforces our commitment to delivering advanced technologies that simplify transactions, improve operational efficiency, and strengthen Salik's position as a key enabler of sustainable and intelligent mobility solutions across the emirate of Dubai.' Commenting on the agreement, Saif Humaid Al Falasi, Group CEO of ENOC, said, 'We are pleased to partner with Salik. This agreement represents a significant step towards enhancing the customer journey at our service stations. By leveraging Salik's innovative technology and expertise, we aim to provide a seamless and convenient payment experience for our customers, while also exploring new opportunities to add value and strengthen our market position. We are confident that this partnership will deliver tangible results for both parties and our valued customers.' The MoU outlines a framework for joint marketing campaigns to raise awareness of the new digital features, developed in line with the highest standards of security and data protection. Both organisations are also exploring opportunities to deepen their collaboration through a potential strategic partnership, focused on delivering greater value to their shared customer base. In addition, the agreement includes plans for joint technical integration and the phased rollout of smart payment solutions, with scope to expand Salik-powered services across the wider ENOC station network. The agreement builds on Salik's continued efforts to deliver intelligent, customer-centric mobility solutions. On 31 January, the company launched its variable tolling system, a major initiative aimed at improving traffic flow and enhancing the efficiency of Dubai's wider transport infrastructure. ENOC Group, meanwhile, continues to drive progress through a sustained focus on digital innovation, operational excellence, and customer-centric services. The Group remains committed to elevating the service experience across its network, in line with its vision to support the UAE's broader transformation into a more advanced, connected, and future-ready economy.
