US based financial institution MetaBank has signed an agreement with Canadian domestic and international mass payment solution hyperWALLET.
The partnership will position MetaBank as hyperWALLET’s second issuing bank, issuing its prepaid branded cards and facilitating its ACH bank transfer needs for its business clientele.
“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. We strive to continually broaden the breadth of payment delivery options we offer to our customers, and MetaBank will help us achieve this goal,” stated hyperWALLET CEO Lisa Shields.
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According to MetaBank President Brad Hanson, the bank is eager to meet the needs and opportunities that can only be provided by a firm like hyperWallet.
“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. hyperWALLET and MetaBank are both dedicated to providing service that is timely and cost-effective for all parties,” Hanson concluded on the partnership.