Earthport, a leading provider of cross-border payment services, today announced an agreement with hyperWALLET Systems Inc., a leading provider of global payment solutions, to enhance cross-border payments for corporate customers.
Under the new agreement, hyperWALLET will leverage Earthport's global network to deliver more competitive payments services to a greater number of countries.
Adopting Earthport enables hyperWALLET to route cross-border payments more efficiently resulting in faster payment processing and improved customer service. Corporate customers will be able to benefit from a more cost efficient, predictable and transparent service, with advance disclosure of payment settlement dates and all fees involved. Since the launch of the new service, hyperWALLET has already started to expand its payments network, unveiling new country routes to customers as part of a phased plan.
"The collaboration with Earthport demonstrates our commitment to enhancing our offering and expanding our global payment capabilities to deliver superior services to our customers," said Lisa Shields, president and CEO of hyperWALLET Systems Inc.
"As the majority of our customers need to manage thousands of cross-border payments to employees, contractors and other beneficiaries, there is a strong demand for more efficiency, affordability and transparency in payments services. The integration with Earthport's cross-border payments platform will enable us to meet these demands, while enhancing our global payment capabilities to remain on the forefront of innovation in financial services," added Lisa Shields.
"With local banking relationships in more than 50 countries, Earthport is uniquely placed to underpin hyperWALLET's core expertise in payments services to a global customer base. Our service model enables payment providers to bring domestic efficiency to their payments, utilising Earthport's local payment data framework and country-specific regulatory understanding," commented Paul Thomas, executive director at Earthport.
"We work closely with our clients to ensure robust compliance processes are in place. This helps us align compliance practices to deliver more reliable and secure payment services to their global customer base," added Paul Thomas.