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VERSABANK ANNOUNCES INDUSTRY BREAKTHROUGH INNOVATION IN POINT-OF-SALE FINANCING WITH START OF PILOT PROGRAM FOR AI-ENABLED REAL-TIME STRUCTURED RECEIVABLE PROGRAM

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– Industry First Real-Time SRP Capability Significantly Expands VersaBank’s Addressable Point-of-Sale Market in Both Canada and United States; Provides Immediate Economic Benefit to Existing Partners –

– Real-Time Funding Capability Significantly Strengthens Bank’s Competitive Advantage by Providing Immediate Incremental Economic Benefit to Existing Partners –

LONDON, ON, April 29, 2026 /CNW/ – VersaBank (TSX: VBNK) (NASDAQ: VBNK) (“VersaBank” or the “Bank”) a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced it has commenced a pilot program with one of its major Structured Receivable Program partner, FinanceIt Canada Inc. (“FinanceIt”), for the Bank’s new Real-Time Structured Receivable Program (“Real-Time SRP”) (the “Pilot Program”). The purpose of the Pilot Program is to demonstrate the functionality and operational integrity of the Real-Time SRP in a limited-scale, real-world scenario to refine the solution for full implementation by FinanceIt and simultaneous roll out to all VersaBank’s current and prospective SRP partners in both Canada and the United States.

VersaBank’s Real-Time SRP is a breakthrough innovation in point-of-sale financing, providing the same reliable, economically attractive funding solution as the Bank’s existing SRP, with the additional benefit of eliminating the need for SRP partners to warehouse multiple receivables over a period of time (typically from five to 30 or more days). This enables the Bank’s SRP partners to finance individual loans within just hours, reducing the overall financing cost and the need for warehouse financing. It also further strengthens VersaBank’s exceptional risk mitigation capabilities by enabling the Bank to better leverage its own, internal AI platform through evaluation of the partner loans underlying the SRP receivables on an individual basis.

“VersaBank’s Real-Time Structured Receivable Program takes our unique and highly successful digital point-of-sale financing solution to a whole new level, further extending our competitive advantage and, more importantly, significantly expanding the addressable market for our SRP on both sides of the border,” said David Taylor, Founder and President, VersaBank. “In Canada, we expect the launch of our Real-Time SRP to enable us to win additional financing business with our existing partners while enabling us to acquire new partners with more specialized financing needs that we were previously unable to address. In the United States, where our current SRP has been very well received by the point-of-sale industry and demand is exceeding our expectations, the addition of real-time capability will enable us to further capture market share from securitized financing providers, expanding our growth potential there.”

Mr. Taylor continued, “Our Real-Time SRP is yet another in our long track record of firsts in the banking industry. We are, as we always have been, as much a software and technology company as we are a national, federally licensed bank. The Real-Time SRP is the result of our relentless pursuit of continuous innovation to address underserved markets in the banking industry based on our internally developed, proprietary core banking software, which is now being supercharged by the addition of our own AI technology.”

“We are especially proud to be bringing this cutting-edge innovation to this time in support of both the Canadian Federal Government’s and the Office of the Superintendent of Financial Institutions’ stated desire to support the economic activity of both small business and consumers.”

“VersaBank’s Real-Time SRP is a game changer. The ability to instantly finance individual loans significantly enhances the efficiency and economics of our long-standing strategic relationship with VersaBank and is aligned with our own long term innovation objectives.” said Casper Wong, CEO of FinanceIt. “For more than a decade, VersaBank’s Structured Receivable Program has been foundational to our growth and success. We look forward to the significant additional benefits that the Real-Time SRP will generate for our business.”

ABOUT VERSABANK’S STRUCTURED RECEIVABLE PROGRAM

VersaBank’s Structured Receivable Program (“SRP”) is an innovative and highly attractive digital funding solution for finance companies that lend money to consumers and small businesses for what are typically “big ticket” purchases (e.g. consumer home improvement/HVAC projects and a wide variety of commercial equipment). It was specifically designed to address an unmet need in the market for consistently available, readily accessible financing with economically attractive capital designed to maximize return on equity while employing VersaBank’s proprietary, state-of-the-art banking technology.

As of January 31, 2026, VersaBank’s SRP portfolio exceeded CAD$4.4 billion (US$3.2 billion) and has grown at a compounded annual rate of 33% over the last five years. The Bank’s SRP was launched into the United States in late fiscal 2024 and completed US$310 million in fundings in its first year, surpassing the Bank’s first year target of US$290 million. Since VersaBank’s RPP was first launched 2010, the Bank has provided more than CAD$14 billion (US$10 billion) in funding to North American financing companies. The SRP is designed to provide scalable, capital‑efficient growth for the Bank with strong credit performance and attractive risk‑adjusted returns.

ABOUT VERSABANK

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multi-trillion-dollar U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities. Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank’s revolutionary and proprietary Real Bank Tokenized DepositsTM.

VersaBank’s common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

Visit our website at: www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X.

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SOURCE VersaBank

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AARP Mississippi Applauds Passage and Signing of law to Protect Consumers from Cryptocurrency Kiosk Fraud

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JACKSON, Miss., May 20, 2026 /PRNewswire/ — AARP Mississippi applauds passage and signing of House Bill 1625, landmark legislation that establishes statewide oversight and consumer safeguards for cryptocurrency kiosks (commonly known as crypto ATMs). The bill, passed during the 2026 legislative session and signed into law by Governor Tate Reeves, delivers meaningful protections against fraud and financial exploitation—particularly for older Mississippians. The law takes effect on July 1, 2026.

The measure enacts new statutory consumer protection regulations for virtual currency kiosks, addressing a growing avenue for scams that disproportionately impact adults age 50 and older. The law establishes comprehensive guardrails, including licensing and oversight requirements, mandatory consumer disclosures and fraud warnings, transaction receipts and improved traceability, and daily transaction limits.

“AARP Mississippi is proud to have helped advance this critical consumer protection,” said AARP Mississippi State Director Kimberly L. Campbell, Esq. “Crypto kiosk–related scams have caused devastating losses, especially for older adults. This law brings common-sense safeguards that reduce risk, improve transparency, and strengthen accountability.”

The law’s protections are designed to curb financial exploitation while empowering consumers to make informed decisions. By improving disclosures, setting transaction limits, and enhancing traceability, the law strengthens enforcement and helps prevent irreversible losses associated with crypto kiosk fraud.

About AARP 
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the 125 million Americans 50-plus and their families: health and financial security, and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation’s largest-circulation publications: AARP The Magazine and the AARP Bulletin. To learn more, visit aarp.org, aarp.org/espanol or follow @AARP, @AARPLatino and @AARPadvocates on social media.

Contact: Ronda Gooden
601-898-5417, 601-209-1812

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SOURCE AARP Mississippi

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QBit Semiconductor Shares Surge to USD$18 on Debut, Driving Market Capitalization to USD$700 Million

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Fueling the Edge AI revolution, the Arm-backed SoC innovator sees robust investor demand as it officially lists on the Taiwan Emerging Stock Board (TWO: 7913).

TAIPEI, May 21, 2026 /PRNewswire/ — QBit Semiconductor Ltd. (TWO: 7913), a fabless semiconductor company, was officially listed on the Taiwan Emerging Stock Board on May 15. Strong investor demand drove the stock price to an intraday high of USD$18(NT$530), bringing the company’s market capitalization to approximately USD$700 million. This milestone marks a significant step in the company’s expansion toward global capital markets and reinforces its position in high-performance silicon solutions.

Led by Chairman Simon Shen, QBit’s R&D team is composed of industry veterans from global giants such as Qualcomm and CSR. The company specializes in System-on-Chip (SoC) development, integrating three core functions—Intelligent Image Processing, Precision Motion Control, and Energy-Aware Sensing Management—into its flagship products. QBit’s technology is widely adopted in Multi-Function Printers (MFP), photo and barcode printers, and medical imaging-related solutions, with potential to scale into Edge AI and Physical AI applications such as drones and robotics.

In response to global demands for edge device security, QBit has preemptively integrated Post-Quantum Cryptography (PQC) technology into its SoCs. Its QB7 series achieved certification from the U.S. National Institute of Standards and Technology (NIST) Cryptographic Algorithm Validation Program (CAVP) in 2025. This specialized expertise solidifies the company’s technical differentiation in an era of increasingly stringent cybersecurity standards.

Furthermore, QBit is expanding its footprint in Security Chips and ASIC services. Evolving from a pure controller chip supplier into a comprehensive provider of consumable authentication, secure architecture, and differentiated module designs, QBit has significantly enhanced its platform value and fostered long-term customer loyalty.

Strategically, QBit maintains deep partnerships with leading international brands. In addition to backing from Taiwan’s National Development Fund, QBit secured a strategic investment in early 2026 from Arm, the global semiconductor IP leader within the SoftBank Group ecosystem.

As AI applications and cybersecurity demands continue to surge, QBit Semiconductor is committed to strengthening its R&D and deepening its market presence to support future growth opportunities following the tremendous success of its public debut.

Media Contact: Ms. Hsu
Email: media@qbitsemi.com
Tel: +886-2-7755-7688 ext. 11068 / +886-911-687-913
Company Websites: 
QBit Semiconductor: https://www.qbitsemi.com/ 
Arm: https://www.arm.com/

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SOURCE QBit Semiconductor LTD.

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INTOUCH INSIGHT ANNOUNCES Q1 2026 FINANCIAL RESULTS

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OTTAWA, ON, May 20, 2026 /CNW/ – Intouch Insight Ltd. (“Intouch” or the “Company”) (TSXV: INX) (OTCQX: INXSF), a provider of customer experience measurement solutions, today announced its financial results for the first quarter ended March 31, 2026.

Key Highlights for Q1 2026 compared to Q1 2025

Total revenue increased 6% to approximately $6.7 million.Gross margin dollars increased by $123,762.SaaS revenue increased by 11% and recurring services increased by 5%.Adjusted EBITDA1 was $352,624, compared to $557,748, reflecting planned strategic investments in sales, marketing, and technology.

Note 1: EBITDA is a non-IFRS measure and is calculated as net income before interest expense, income taxes, financing costs, depreciation, and amortization.

Recent Operational Highlights

Announced a strategic expansion into the grocery sector, highlighted by an upcoming featured speaking engagement at the GroceryNEXT conference in Chicago.Published proprietary thought leadership studies on the Quick Service Restaurant (QSR) industry, identifying a “Transactional Gap” in customer experience and revealing key drivers for mobile ordering success.Advanced key merchandising initiatives to actively build the sales pipeline and establish a foundation for expected long-term revenue expansion.Enhanced software and technology offerings, including investments in AI automation to improve platform functionality and client outcomes.Expanded sales and marketing capabilities to target new verticals and accelerate organic growth.

Cameron Watt, President & Chief Executive Officer of Intouch Insight, commented:

“The first quarter of 2026 progressed in line with our strategic plan, delivering solid top-line growth across every single product line, including an 11% increase in our SaaS revenue. We are confident in the immediate market opportunities in front of us and we are willing to trade near-term profitability, even operating at a potential loss, to fund our commercial expansion. We are intentionally prioritizing top-line growth and market share today because we believe our underlying unit economics are strong. By rapidly scaling our recurring revenue base now, we are expecting to accelerate our path to a tipping point of improved operating leverage and growth in earnings power.”

Watt added:

“Our sales pipeline is converting, highlighted by recent contract signings and exciting momentum with expected upcoming RFP’s for both SaaS and Services. Within our merchandising business, while large-scale rollouts naturally involve extended sales cycles, we remain focused on our target of generating over $1 million in revenue this year, supported by active opportunities and potential scope expansions. With these near-term catalysts in play, we are confident in our trajectory toward double-digit growth for the full year, making this a pivotal time to be part of our growth story.”

Q1 Earnings Conference Call Information

To participate in this event, register and log-in approximately 5 to 10 minutes before the beginning of the call.

Date: May 21, 2026
Time: 8:30 a.m. eastern time
Register for the live webcast and access on-demand recording: click here.

Consolidated Statements of Operations

Q1 2026

Q1 2025

Revenue

$    6,670,446

$    6,319,663

Cost of services

3,356,169

3,129,148

Gross margin

3,314,277

3,190,515

Total operating expenses

3,130,742

2,819,164

Income from operating activities

183,535

371,351

Non-operating expenses  (earnings) 

76,230

82,097

Income tax expense (recovery)

76,652

Net income (loss)

$       107,305

$       212,602

About Intouch Insight
Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release including those related to the Company’s quarterly results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws.  Forward looking statements that are made as of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management cautions the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

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