Media Coverage

Weighing the Payment Alternatives

"hyperWALLET has developed relationships with banking networks and financial institutions and provides all the risk management, authentication, compliance and clearance and settlement on behalf of its credit union customers. It leverages much of the same infrastructure and intellectual property to offer a white label service to large multinational corporations, mainly in the U.S.

The service allows companies to avoid the same kinds of exorbitant bank wire transfer charges when they pay out-of-country employees and contractors. hyperWALLET gets the cost down to about $5 per item, end to end, with a settlement time of between one and three days."

Low-cost Online Merchant Payment Service Launched

"Global payment solutions provider hyperWALLET Systems, Vancouver, has launched a new low-cost online merchant payment processing service for organizations and their customers. 'Direct Pay' merchant payment option provides a secure, cost-effective complement to card payments by enabling customers to pay for products using funds from their bank account, an online e-wallet, or combination of both."

Vendor Review: hyperWALLET Systems Inc.

"For readers of my previous blogs, I consistently credit PayPal and Cashedge for their payment operations teams. I now put hyperWALLET into this group and place them in the leader category from an international perspective."

Global Framework Gathers Momentum

"For example, Earthport and hyperWALLET have both established international networks of accounts at correspondent banks around the world, which enable them to offer low-cost transfers to corporate clients. Instead of initiating SWIFT transfers... hyperWALLET’s clients send them payment transaction files... hyperWALLET then move funds from their local accounts in individual countries to their clients’ local accounts in those countries, netting off their overall end-of-day balances."

"hyperWALLET has already ‘solved’ the problem of low-value cross-border payments to over 40 countries for itself and for its customers by creating a uniform platform that easily plugs into any number of different banking and settlement systems," says Gina Knight, hyperWALLET’s director of treasury. "We map data from our system to formats supported by financial institutions and in-country clearing and settlement systems around the world. We are flexible in that we can map to virtually any format."

Building Payments Bridges

"... hyperWALLET have established international networks of accounts at correspondent banks around the world, which enable them to offer low-cost transfers to corporate clients... [hyperWALLET] were able to build our global network for a 20th of the cost of Earthport’s.”

Banks focus on electronic remittances

"... Vancouver, Canada-based hyperWALLET Systems provides business-to-business remittances to Mexico and Brazil in addition to person-to-person remittances to Mexico over its web-based hyperWALLET Global Money Transfer Services platform... Underlying hyperWALLET’s remittance service is a network of correspondent banks in 45 countries with which the firm holds local currency accounts."

hyperWALLET And TransferTo Launch Worldwide Airtime Top-Up Service in Canada
"Mobile payment market is still evolving worldwide and players like hyperWALLET... have emerged as the early leaders with their innovative and breakthrough offerings. The recent hyperWALLET and TransferTo partnership is a ‘first of its kind’ arrangement in Canada and provides a easy, hassle free way of sending airtime credits to mobile phones, across more than 70 wireless carriers in 25 countries worldwide."

Exclusive interview with Lisa Shields, President & CEO - hyperWALLET

"... the company has gained the ability to offer its platform to multi-national customers, who in turn gain the added benefit of centralizing their operations by employing a single interface to their back-office systems, instead of having to manage 15+ connections."

Smartphones Power a Mobile Banking Surge in the US

"[This report] analyzes the M-banking sector, focusing on market drivers, user demographics, and financial analysis, as well as market benefits and challenges. It also provides a comparative analysis of solutions of top vendors. Finally, the report profiles six leading vendors in the market.

[Table of Contents] Vendors leading the market: hyperWALLET "

Rocket Builders Names Top 25 IT Companies to the 2008 'Ready to Rocket 25' List
"Companies on the Ready to Rocket list for the first time include hyperWALLET Systems... the annual 'Ready to Rocket 25' list provides accurate predictions of companies that will likely experience significant revenue growth, venture capital investment or acquisition by a major player in the coming year."

Payment Processing- Slicing through the clutter

"hyperWALLET helps multinational MonaVie unify their payment processing operations and distribution under a single platform."