IRVING, Texas, Oct. 20, 2025 (GLOBE NEWSWIRE) — XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a workflow automation leader that leverages decades of industry experience, global footprint and agentic AI to rethink business process automation and digital transformation, has partnered with the New York City Department of Finance to deliver advanced payment processing solutions for parking violation tickets. The department selected XBP Global through a competitive bidding process to augment its payment processing capabilities with XBP Global’s Lockbox Services. The Company’s platform will be utilized to streamline financial transactions for parking violation tickets, thereby enabling the department to reduce cycle time and provide faster and more user-friendly payment experiences.
This strategic partnership will deliver a range of tangible improvements for residents of New York City, including more payment options, reduced processing times, and increased security and has an initial term of six years.
“We are honored to partner with the New York City Department of Finance to enhance and simplify payment processing systems for the Parking Violations Program,” commented Lakshmi Narayanan, President – Bills and Payments of XBP Global, adding, “our solutions are designed to simplify transactions, strengthen security, and improve the overall customer experience with reduced cycle time for all consumers. This win showcases our commitment to pioneering innovation in the public sector. With our new brand and global footprint, we expect to pursue similar opportunities going forward.“
This new partnership enables a key Public Sector agency and the people it serves to benefit from secure, efficient, and modern digital payment technologies. Working in close partnership with the Department of Finance, XBP Global will continue to help set new standards for convenience and accessibility in the city’s payment services.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These statements include financial forecasts, projections, and other statements about future operations, financial position, business strategy, market opportunities, and trends. Forward-looking statements can often be identified by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast,” or similar expressions. This press release includes forward-looking non-GAAP financial measures, such as projected Adjusted EBITDA and Net Debt. Adjusted EBITDA is defined as net income excluding interest, taxes, depreciation, amortization, and certain non-recurring items, while Net Debt is total debt minus cash and cash equivalents. The Company cannot reconcile these measures to their most comparable GAAP metrics — net income and total debt — without unreasonable effort, due to challenges in forecasting future interest, taxes, depreciation, and non-recurring items. These measures are provided for informational purposes only and should not be considered substitutes for financial measures prepared in accordance with GAAP. All forward-looking statements are based on estimates, forecasts, and assumptions that are inherently uncertain and subject to risks and factors that could cause actual results to differ materially. These include, but are not limited to: (1) risks related to the acquisition, including the inability to realize anticipated benefits, disruptions to operations, and costs associated with the transaction; (2) legal proceedings; (3) failure to meet Nasdaq listing standards; (4) competition and market conditions; (5) economic, geopolitical, and regulatory changes; (6) challenges in retaining clients, employees, and suppliers; and (7) other risks detailed in XBP Europe’s filings with the SEC, including the “Risk Factors” section of its Annual Report on Form 10-K for 2025, filed on March 19, 2025, and the proxy statement for the 2025 annual meeting. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. XBP Global undertakes no obligation to update these statements, except as required by law. There is no assurance that XBP Global or its subsidiaries will achieve the results projected in these statements.
About XBP Global
XBP Global is a multinational technology and services company powering intelligent business workflows for organizations worldwide. With a presence in 20 countries and approximately 11,000 professionals, XBP Global partners with over 2,500 clients, including many of the Fortune 100, to accelerate digital transformation, elevate customer experiences, and drive measurable outcomes.
Our proprietary platforms, AI-driven automation, and deep domain expertise across industries such as banking, healthcare, insurance, utilities, and the public sector enable clients to modernize their operations and strengthen financial performance. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and thrive in a connected world.
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