Leading global health-oriented direct selling firm chooses hyperWALLET to deliver 100% electronic, international commission distribution solution
Vancouver BC, April 29, 2008 – hyperWALLET, the leading provider of global payment solutions, today announced that MonaVie, one of the world’s leading health-oriented direct selling firms, selected hyperWALLET to enable an international, multi-currency commission distribution solution for their organization.
“MonaVie is a global business with distributors in nearly every continent of the globe, which can make for significant payment distribution challenges,” states Rob Ferguson, VP of Information Technology, MonaVie. “Sending checks and debit cards worldwide is expensive and logistically time-consuming for everyone involved. Instead, we wanted a more efficient payment distribution method, one that hyperWALLET was easily able to provide.”
hyperWALLET provided MonaVie with a secure, 100% electronic commission payment solution -- www.monaviecommissions.com -- that enables them to send instant commission payments, in any currency they operate in, to distributors worldwide via the Internet. Once received, distributors sweep their payments to their local bank account, in their domestic currency, where they have quick and convenient access to their funds.
“The benefits and value of the hyperWALLET solution goes far beyond cost-effective global payments distribution,” notes Ferguson. “They’ve enabled us to expand our payments reach internationally, provided a lower-cost alternative compared to other payment methods, and given our distributors a faster, more convenient way of receiving their commissions -- on-time, every time, no matter where they might be.”
“MonaVie is growing at a rapid pace, globally, and we are very pleased to be selected yet again by a leading organization in this market segment,” adds Chris Silverson, Vice President, Sales at hyperWALLET Systems, Inc.
“Our support for multiple currencies and languages, combined with integration to global financial networks, simplifies MonaVie’s payment operations and provides them a more fee-friendly payment experience, compared to other alternatives on the market.”
About hyperWALLET
hyperWALLET delivers secure, global-grade payment technologies to organizations who require a simplified way to access or leverage the global financial network. Since 2000, we have become a leading provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. With hundreds of customers (including more than 200 credit unions) that touch millions of users, our clients span numerous sectors including financial services, business and government.
About MonaVie
MonaVie develops and markets scientifically formulated, premium quality nutritional products, specifically for person-to-person distribution. Their products feature a proprietary blend of the powerful açai berry, found only in remote regions of the Amazon, and other body-beneficial fruits, each selected for its unique properties. MonaVie is designed to provide individuals with the antioxidants and phytonutrients one needs in order to maintain a healthy and active lifestyle.
