Payment Solutions for Government Agencies
Facilitating payments to social assistance recipients
The hyperWALLET platform allows you to pay social assistance recipients using pre-loaded debit cards rather than paper checks, giving social assistance recipients a more convenient, accessible and cost-effective way to receive their benefit payments.
Your challenge
When it comes to social assistance payment distribution, many government agencies are not able to achieve full direct deposit participation among recipients for a variety of reasons, such as transient or unbanked populations.
As a result, government agencies face inflated administrative costs and decreased efficiencies due to paper-based check production and distribution, while social assistance recipients typically need to rely on expensive check cashing services to obtain their funds.
The hyperWALLET solution
hyperWALLET enables government agencies to pay their social assistance recipients using prepaid and re-loadable debit cards, providing recipients with secure and convenient funds access. Our solution is also customizable to meet the specialized requirements of individual departments and ministries.
With hyperWALLET, your government agency can:
- Load benefit or welfare payment amounts directly to the hyperWALLET web platform and have funds instantly distributed to recipients on branded debit cards
- Re-load issued debit cards for cost-effective, ongoing social assistance payment distribution
- Enable online funds access by providing social assistance recipients with an online e-wallet account
Social assistance recipients can:
- Conveniently withdraw funds from ATM machines worldwide, or make Point of Sale (POS) transactions with merchants using their debit card
- Easily transfer payments to their regular bank accounts through an intuitive web interface
- Track their transaction history using their online e-wallet account for money management purposes
Benefits
Eliminate inefficient payment methods & reduce administrative overhead
Your agency can significantly reduce payment administration overhead and costs by eliminating paper-based check production and distribution.
No more time and money lost to stamps, mailing, lost/stolen checks, check reissuance, fraud and other issues that plague ongoing paper-based payment methods;
as a single, re-loadable electronic payment method, hyperWALLET debit cards provide cost-effective, secure, and convenient benefit funds delivery to recipients.
Reach more social assistance recipients in need
hyperWALLET reloadable debit cards can be used by recipients without bank accounts, which means that you can now achieve instant, full electronic payment distribution to unbanked citizens. Our solution also provides benefit issuance for after hours or emergency situations.
Implement ongoing money management programs
With hyperWALLET, your agency can implement daily or weekly withdrawal limits, assisting recipients in the management of funds throughout their benefit period and helping ensure that they never go into debt.
Provide recipients with convenient benefit payment access
Provide your recipients with low-cost and instant access to their benefit funds, by enabling convenient debit card ATM & POS access. Recipients no longer need to use expensive money cashing services or wait for checks to arrive in the mail, as funds are directly accessible via their debit card.
Find out more
Contact us today to request a demo, or read more about how hyperWALLET works.
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