Fidor Bank and hyperWallet team up

Source: hyperWallet

Vancouver-based hyperWallet Systems and Germany's Fidor Bank AG have announced a binding MOU to develop close and extensive collaboration in the international e-payments sector.

The combination of hyperWALLET's market leading global payment capabilities and Fidor Bank AG's broad internet banking services will enable a powerful and unique cross-border financial services offering to consumers and businesses across North America, Europe and beyond.

"We are excited to begin this bilateral relationship with Fidor Bank AG. Fidor is redefining the term 'community banking' by providing a platform in which the community quite literally defines the services the bank provides", states Lisa Shields, President and CEO of hyperWALLET. "Once hyperWALLET's global payment connectivity is added, Fidor's community will be free to start defining remittance and other international payments services it wants. Meanwhile, hyperWALLET's North American customers will benefit from innovative European payables and receivables solutions that become possible only through Fidor Bank".

Matthias Kröner, Chairman of the Board of Fidor Bank AG, considers the relationship between both organizations as being extremely positive, stating "This cooperation between hyperWALLET and Fidor Bank AG will open up entirely new areas of business and banking capabilities for customers. By leveraging connections to hyperWALLET's innovative payment platform and global payment network, our 'FidorPay' account will quickly become a powerful international offering."

The e-payments sector is growing rapidly, with internet companies like Google (Google Checkout), Amazon (Amazon Payment) and Facebook (Facebook Credits) offering their own payment systems. hyperWALLET is a leading provider of online, prepaid card and mobile international payments and coupled with Fidor Bank AG, will bring new financial services capabilities to market to meet the growing global demand for innovative payments solutions. 

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