hyperWALLET Launches Global Money Transfer Service for Canadian Consumers and Credit Unions

Enables cost-effective online money transfers to bank accounts in over 30 countries worldwide

Vancouver, BC (PRWEB) November 9, 2009 -- hyperWALLET Systems, a leading provider of global payment solutions, today announced the launch of a new online global money transfer service, targeted at Canadian consumers and credit union members. The new service enables individuals to quickly, easily and cost-effectively transfer funds electronically to international bank accounts in over 30 countries worldwide.

“When it comes to sending money internationally, we’re providing consumers with a convenient, secure and fee-friendly alternative compared to traditional wire transfers, checks and remittance services”, states Lisa Shields, CEO of hyperWALLET Systems Inc. “We’re also opening up a new revenue stream for our financial institution partners without requiring additional capital investment, thanks to our platform's existing integration with leading credit union online banking services.”

To access hyperWALLET’s global money transfer service, Canadians can signup and get verified at www.hyperwallet.com, or use the hyperWALLET link within their credit union's online banking website. Once verified, individuals can fund their hyperWALLET account and transfer money to destination bank accounts in over 30 countries worldwide, with many more countries slated for availability in the coming months. The average cost of each funds transfer is only $7.00 CAD, well below the price of competing international remittance services.

“Launching electronic global bank remittances in the Canadian market is only the first step, as we continue to expand our global financial partner networks and implement innovative payment delivery options, such as via the mobile handset”, states Bill Crowley, VP of Product Development. “There is immense opportunity for innovation and service improvement in the international remittance market, and hyperWALLET can cost-effectively solve global payment challenges which are of critical value to both businesses and consumers. Financial institutions and mobile operators anywhere in the world can leverage our brandable technology and turnkey compliance, settlement, and customer care services, to enable global money transfers for their customers.” About hyperWALLET hyperWALLET delivers secure payment services 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 payments, 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.

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