Travelex and WUBS alumnus Derrick Walton takes the helm of payout provider’s financial network.

San Francisco, California – Hyperwallet, a leading global payouts provider to millions of independent workers, today announced that the company has hired Derrick Walton as its new Executive Vice President of Global Financial Networks. A payments industry veteran, Walton will be responsible for building and maintaining Hyperwallet’s banking partnerships and shaping the structure of the organization’s financial network.

Walton is a global bank operations specialist with an expertise in international payments. Following his graduation from the United States Naval Academy 1999, Walton served in the Navy for six years, including a tour at the Pentagon as a briefer to Naval Leadership. Walton joined leading B2B payment provider Ruesch International as Director of Operations in 2005, then went on to become Director of Operations for North America and Europe following an acquisition by Travelex in 2007. By 2012, Walton was overseeing banking operations for Western Union Business Solutions. He was promoted to Head of Global Operations in 2016.

“Hyperwallet’s global payout capabilities are growing faster than ever,” explained Brent Warrington, Hyperwallet’s CEO. “We already offer one of the most far-reaching outbound payment solutions on the market with the ability to seamlessly pay over 200 countries and territories. With Derrick’s help, we expect to significantly expand the payout options available within our network while improving speed and reducing administrative barriers.”

In his role, Walton will develop and implement business strategies and payment improvements for Hyperwallet’s global financial network. Drawing on his extensive experience and deep understanding of the evolving payments landscape, Walton will work alongside Hyperwallet’s bank providers and financial partners to streamline operations and improve the company’s overall service delivery model.