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Vancouver BC, July 11, 2007 – hyperWALLET, a leading provider of global payment solutions, today announced that Trading Post Financial Services, a global provider of financial services and educational products for independent traders of foreign exchange, selected hyperWALLET to enable an international commission distribution solution for their organization.
“While hyperWALLET was certainly able to deliver the global payment solution we were looking for, we were also pleasantly surprised at the quality of reporting out of the system, and the overall ease in which account management was managed within the application”, states Jennifer Kellogg, VP Administration of Trading Post. ”Compared to other solutions we’ve used in the past, hyperWALLET provided a simple, cost-effective and efficient payment alternative.”
Citing their payment needs across North America and international jurisdictions, Trading Post turned to hyperWALLET to deliver a 100% electronic commission distribution solution that would enable cost-effective, secure and efficient global funds delivery.
Powered by hyperWALLET’s brandable and customizable payment platform, the solution enables Trading Post to send electronic commission payments to its Associates worldwide via the Internet. International Trading Post Associates can then access and retrieve their funds quickly, securely and conveniently at their local financial institution.
Future phases of the solution will allow for merchant payments using online account balances, as well as a complete branding of the online service to match the corporate identity of Trading Post.
“Our tie-in to global payment networks allows our customers to leverage cost-effective and efficient solutions for sending payments internationally”, states Chris Silverson, Director of Sales at hyperWALLET. “Because Trading Post’s payment requirements reach beyond the borders of North America, we’re able to bring significant value to both their current business needs as well as future growth in international markets.”
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.
Trading Post is an innovator in cultivating success in personal online trading for the Foreign Exchange (Forex) market. Offering a variety of online and interactive courses and support services, and trading tools, Trading Post’s vision is to create a true global community of successful traders. On average the company offers 11 hours of professionally instructed Online Trading Rooms (OTR) per market day.