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."