hyperWALLET, a provider of global payment solutions, is expanding its prepaid card product line to include a General Purpose Reloadable (GPR) Visa prepaid card (view press release). hyperWALLET’s card can be used as a bank account alternative, which will allow the cardholder to fund the card from a number of sources such as cash at around 40,000 retail locations and direct deposits of wages or salaries. hyperWALLET’s card is can be branded by sponsored corporations and corporate incentive cardholders have the option to upgrade their card.
“The US prepaid market is ripe for an offering with a fresh take on fees, distribution, and branding. Reloadability is the first of several planned features on our roadmap to make our product the ‘favourite’ card for both corporations and their payees,” said Lisa Shields, president and CEO of hyperWALLET.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more