Bank of Canada Orders Payments Firm XTM to Stop as Millions Go Missing

The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant...

By Stephanie Hughes · Bloomberg Markets

The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant shortfall.”