Everyday People Financial Corp Announces Contract Renewal with Digital Commerce Bank

Introduction

Edmonton, Alberta–(Newsfile Corp. – January 2, 2025) – Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (“Everyday People” or the “Company”), a financial service provider, is pleased to announce that the Company under its Everyday People Financial Services (“EP Financial”) business pillar has completed the Company’s bespoke prepaid card programs and has entered into an eight year contract renewal agreement (the “Agreement”) with Digital Commerce Bank (“DC Bank”) and Digital Commerce Payments Inc. (“DC Payments”, together with DC Bank the “DC Parties”).

Details of the Agreement

The renewal of the Agreement with the DC Bank marks a significant step forward for Everyday People’s EP Financial business pillar. This partnership supports the completion of two main bespoke prepaid card platform offerings: Everyday HSA, a health care spending account, and Everyday Wallet, a procurement card providing B2B and government services. These programs are now set to rollout in 2025, streamlining purchasing and benefit distribution for better spending control.

Impacts

This contract renewal signifies a positive future for Everyday People Financial Corp. and solidifies its position in the financial services industry. The partnership with DC Bank and DC Payments will enhance the Company’s prepaid card programs and provide innovative solutions for its clients.

How This Will Affect Me

As a consumer, this partnership may result in more streamlined and efficient financial services for you. Whether you are using the Everyday HSA for healthcare expenses or the Everyday Wallet for procurement needs, the renewed Agreement with DC Bank will lead to better spending control and benefit distribution.

How This Will Affect the World

In a larger context, the partnership between Everyday People Financial Corp. and DC Bank will contribute to the evolution of financial services worldwide. By offering innovative prepaid card programs, the companies are setting a precedent for better financial management and control on a global scale.

Conclusion

The contract renewal with Digital Commerce Bank is a significant milestone for Everyday People Financial Corp., signaling growth and innovation in the financial services sector. With the completion of bespoke prepaid card programs and the eight year Agreement in place, the Company is well-positioned to enhance spending control and benefit distribution for its clients, both locally and globally.