hyperWALLET announces a contract with Western Union Business Solutions to support B2B electronic wallet
Vancouver, October 31, 2011 – hyperWALLET, a leading provider of global payment solutions, today announced that Western Union Business Solutions selected hyperWALLET’s global payment platform to support its new B2B electronic wallet initiative.
Through the new Western Union Business Solutions Online FX service, small and medium-sized enterprises will be able to leverage simple email money transfers to deliver payments to international recipients. A key benefit is that senders do not need to collect or enter a recipient’s international bank routing details in order to effect a payment; all that will be required is a recipient email address and security question/answer pair. The recipient receives an email, authenticates themselves on the Western Union Business Solutions Online FX portal, enters their banking details, and can quickly have the funds deposited directly to their bank account.
"hyperWALLET’s global payment platform has powered email money transfers for over 200 Canadian credit unions since 2001, and we are excited to be selected by Western Union Business Solutions to leverage our proven technology in their electronic wallet solution." states Bill Crowley, VP of Product Development at hyperWALLET Systems Inc. “Our global email money transfer technology greatly simplifies cross-border payments, allowing recipients of payments to enter domestic bank account routing details instead of complex and unknown international wire transfer instructions.”
The Western Union Business Solutions B2B electronic wallet is slated to launch in the USA and Canada in Q1 2012.
Organizations wishing to learn more about hyperWALLET’s global financial network or global payment solutions can visit http://www.hyperwallet.com or call +1-604-482-0090 for further information.
About hyperWALLET
http://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.
