Enables loyalty funds to be made available to recipients instantly in local currency

Vancouver, B.C. – Hyperwallet Systems Inc. (“Hyperwallet”), a trusted global payments provider to top-tier organizations, today announced that Karrot has launched Hyperwallet’s branded prepaid card services to provide a unified payment solution for its loyalty and reward payment solutions.

Karrot, a Chicago-based company, provides online loyalty and reward program solutions for a wide variety of companies. With a deep understanding about the impact of motivation, Karrot builds loyalty programs that promote the desired behavior and foster strong, long term relationships.

Hyperwallet’s branded prepaid card program will provide Karrot with a streamlined payment solution in USA and Canada that allows earned loyalty funds to be made available to recipients instantly in local currency onto prepaid cards that can be used at ATMs, point of sale or online.

“We are pleased to partner with Hyperwallet to directly reward our channel incentive program participants,” states Ernie Naylor, President & Co-Founder, Karrot. “This partnership will allow us to foster increased loyalty as we seamlessly distribute rewards.”

“Hyperwallet is delighted to become Karrot’s payment partner in this rapidly growing market space. Loyalty is built on trust, and being able to support Karrot by providing their payees with instant funds access makes their loyalty program solutions even more robust,” states Peter Burridge, Chief Commercial Officer at Hyperwallet.

About Karrot

www.karrotrewards.com

Karrot is an experienced group with a deep understanding of channel incentive programs which works within budgets to provide a premium service and quality solutions. We understand what motivates people and business. Our insights help build and inspire programs that engage and drive an audience to a desired behavior and impact bottom line success. We believe in developing a partnership with our clients with a creative non-stress relationship for promotions to flourish.