SIOUX FALLS, S.D., Sept. 8, 2014 /PRNewswire/ — MetaBank’s payment solutions division Meta Payment Systems® recently signed an agreement to partner with hyperWALLET®, a Vancouver-based company that provides domestic and international mass payment solutions for corporations. The Sioux Falls-based financial company will become hyperWALLET’s second issuing bank in the United States, issuing corporate payment cards and facilitating ACH payments for their business clients.
hyperWALLET’s ambitions make this partnership with MetaBank an ideal match, according to hyperWALLET CEO Lisa Shields. “We were looking for an issuing partner that was able to meet our needs and who understands the regulatory landscape in the United States, and MetaBank was just that partner,” she said. “We strive to continually broaden the breadth of payment delivery options we offer to our customers, and MetaBank will help us achieve this goal.”
According to MetaBank President Brad Hanson, MetaBank is eager to meet the needs and opportunities that hyperWALLET provides. “This partnership makes sense on so many levels. With our infrastructure in place and strong focus on compliance, we are able to provide a scalable solution to our partners,” he said. “hyperWALLET and MetaBank are both dedicated to providing service that is timely and cost-effective for all parties.”
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. For more information, visit hyperwallet.com.
MetaBank, through its Meta Payment Systems® (MPS) division, delivers innovative financial products that change the way people use, borrow and manage money. Based in Sioux Falls, South Dakota, MPS is a recognized leader in the prepaid card industry and provides innovative payment solutions delivered nationally in collaboration with market-leading partners. MPS focuses on offering specific product solutions in the following areas: prepaid cards, credit products, ACH origination and ATM sponsorship. Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH), is the holding company for federally chartered savings bank MetaBank, Member FDIC. For more information, visit metapay.com.