VANCOUVER, MUNICH | Vancouver-based hyperWALLET Systems Inc. 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.
hyperWALLET delivers secure, global-grade payment technologies to organizations who require a simplified way to access or leverage the global financial network. Since 2000, we have become a leading provider of online and mobile payment, international payments, card products and financial technology solutions to world-class customers in Canada, the U.S. and internationally. With hundreds of customers (including more than 200 credit unions) that touch millions of users, our clients span numerous sectors including financial services, business and government.
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About Fidor Bank AG
The Fidor Bank AG in Germany is a licensed internet-based direct bank. With FidorPay account, the bank is aimed at residential and business customers. For individuals, Fidor Bank provides an ultra-modern "cash management" tool with the FidorPay account. Customers can easily shop on the internet, ask for attractive savings and credit offers or invest in foreign currencies or precious metals – all with the click of a mouse, and within one single account interface. The optional Fidor Prepaid MasterCard completes the offer. All transactions are quickly and safely carried out via mobile transactions, and provide an overview in the customer’s online or mobile account via Fidor’s i-Phone app.
The offer to business customers includes selected financial products as well as a special account for e-commerce, created by FidorPay Corporate. The Fidor Bank consistently uses the mechanisms of Web 2.0. For interaction and communication, the bank uses its own community in addition to all major social media platforms, such as:
• Twitter (https://www.twitter.com/ficoba)
• XING (https://www.xing.com/net/ficoba)
• YouTube (https://www.youtube.com/user/FidorCommBanking)
• Facebook (https://www.facebook.com/fidorbank)