Solutions | Global Payment Network

By: Hyperwallet  09-12-2011
Keywords: Payment Services

Extend your payments reach, worldwide

 

 

Countries Supported: 53

 

North America
Canada
United States
Mexico

South America
Brazil

Peru

Europe
United Kingdom
Austria
Belgium

Bulgaria
Cyprus

Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland

Ireland
Italy
Latvia

Liechtenstein

Lithuania
Luxembourg

Malta

Monaco
Netherlands
Norway
Poland

Portugal
Romania
Russia
Slovakia

Slovenia
Spain
Sweden
Switzerland

Asia - Pacific
Australia
New Zealand

Hong Kong
India
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan

Thailand

Middle East
United Arab Emirates
Israel
Turkey

Africa

South Africa


Coming Soon:

Albania

Boznia-Herzegovina
Chile

China

Indonesia
Serbia

 
 

Currencies Supported: 25

 

AUD

AED

BRL

CAD

EUR

GBP
HKD

ILS
INR
JMD
JPY
KES
KRW
MXN

MYR
NZD
PHP
PLN

RUR
SGD
THB

TRY
TWD
USD
ZAR

 
 

Languages Supported: 16

 

Arabic
Chinese
English

French

German

Greek

Hebrew

Italian

Japanese

Korean

Malay

Polish

Portuguese

Russian
Spanish

Thai

 
 

Our integrated financial network enables:

  • 100% electronic global payment distribution to 53 countries
  • Support for 25 native currencies
  • Localized payment services in 16 native languages
  • Quick, cost-effective funds delivery to beneficiaries
  • Payments across international markets and 3rd party settlement networks

Your global payments challenge

Global beneficiaries, disparate needs

Global beneficiaries often have widely disparate needs, driven by factors such as:

  • Banked/unbanked
  • Currency/FX
  • Card acceptance
  • Check cashing costs
  • Payment network options (ACH, ATM, Visa/MA, etc.)
  • Time (funds clearing)
  • Geography

Prior to hyperWALLET, commercial customers could not identify a single program manager which provided services across all of these needs.

For example, an unbanked consumer may have preference for a prepaid card or distribution through an agent network.

Limited payment options for businesses & individuals

A banked consumer may have preference for funds deposited directly in their bank, or split between banks. Businesses and individuals operating in more than one country are challenged in small value global payments.

Most commercial customers have no other option but to pay through USD checks or USD prepaid cards. Consumers of payment services need solutions, not multiple products to which they must adapt.

 

Solving the global payments challenge

Few software providers have had the experience of running a payment network. The antecedent of beneficiary complexity is that associated with the numerous ACH clearing systems. Local ACH has many flavors, rules and message types.

SWIFT offers uniform messaging, but not uniform clearing and settlement. Global Transaction Services (GTS) teams offer local clearing but are expensive, with few tools for either the remitter or the beneficiary to manage accounts, status and costs.

hyperWALLET’s payment network addresses these issues.

Our payment network:

  • Started in the payroll function, meeting the needs of commercial customers paying their employees across the globe.
  • Is adapted to each country’s local ACH and retains funds in-country for local clearing, allowing us to provide superior speed, customer service, operational efficiency and control.
  • Enables local clearing and settlement accounts in 53 countries and centrally manage treasury, settlement, risk and FX.

 

Treasury & FX

There are numerous synergies between our network, platform, operational controls, and operations team.

We operate as both a service provider on customer accounts, as well as our own. It is this operational experience which has driven our focus and capabilities.

Our Treasury Manager application:

  • Allows commercial customers to configure thresholds, approvals and release of funds. This allows us to adapt with local regulatory requirements covering multiple remittance types.

Our global net settlement and FX services:

  • Ensure we have adequate funds in-country, prior to processing local remittance instructions (which are sent 1-2 times per day).

Alternate Settlement Networks


Bankers typically view alternative payment networks negatively, particularly those
which leverage ACH clearing and cause liabilities run-off.

As an example, for the Canadian marketplace, hyperWALLET’s 200 Canadian credit
union customers benefit from hyperWALLET’s connector to PayPal.

  • The PayPal connector allows consumers to retain funds within the security of their bank accounts, and credit funds to any PayPal beneficiary worldwide.
  • Similarly, we enable any customer to link overseas accounts to their Canadian bank account to transfer funds or pay bills.
  • Our unique KYC & fraud controls allow us to manage this risk and provide our bank customers with global payment services in advance of most large FIs.

Keywords: Payment Services

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