hyperWALLET Chooses Earthport to Enhance Cross-Border Payments Service
hyperWALLET leverages Earthport’s international payments infrastructure to deliver more competitive cross-border payments services to corporate customers
London, UK, 25 July, 2013 – Earthport, a leading provider of cross-border payment services, today announced an agreement with hyperWALLET Systems Inc., a leading provider of global payment solutions, to enhance cross-border payments for corporate customers. Under the new agreement, hyperWALLET will leverage Earthport’s global network to deliver more competitive payments services to a greater number of countries.
Adopting Earthport enables hyperWALLET to route cross-border payments more efficiently resulting in faster payment processing and improved customer service. Corporate customers will be able to benefit from a more cost efficient, predictable and transparent service, with advance disclosure of payment settlement dates and all fees involved. Since the launch of the new service, hyperWALLET has already started to expand its payments network, unveiling new country routes to customers as part of a phased plan.
“The collaboration with Earthport demonstrates our commitment to enhancing our offering and expanding our global payment capabilities to deliver superior services to our customers,” said Lisa Shields, president and CEO of hyperWALLET Systems Inc.
“As the majority of our customers need to manage thousands of cross-border payments to employees, contractors and other beneficiaries, there is a strong demand for more efficiency, affordability and transparency in payments services. The integration with Earthport’s cross-border payments platform will enable us to meet these demands, while enhancing our global payment capabilities to remain on the forefront of innovation in financial services,” added Lisa Shields.
“With local banking relationships in more than 50 countries, Earthport is uniquely placed to underpin hyperWALLET’s core expertise in payments services to a global customer base. Our service model enables payment providers to bring domestic efficiency to their payments, utilising Earthport’s local payment data framework and country-specific regulatory understanding,” commented Paul Thomas, executive director at Earthport.
“We work closely with our clients to ensure robust compliance processes are in place. This helps us align compliance practices to deliver more reliable and secure payment services to their global customer base,” added Paul Thomas.
About hyperWALLET®
www.hyperwallet.com
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 Earthport
Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.
Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport’s clients include banks, foreign exchange businesses, money transfer organisations, payment aggregators and e-commerce businesses. Through Earthport’s well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in over 50 countries.
The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.
