HyperWallet has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. With hyperWALLET, corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies. With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. The global payment platform lets users send mass manage their funds with their e-wallets, bank deposit, prepaid cards, cash pickup and via mobile phone.
hyperWALLET launched payment services to India, providing corporations with a fast, low-cost method of making payments via direct-to-bank money transfers in local currency. hyperWALLET has facilitated corporations to make fully-compliant, low-cost electronic payments to Indian bank accounts in INR currency, typically within 1-2 business days.With the addition of payments to India, hyperWALLET continues to enhance their global payment platform and expand their global payments footprint. hyperWALLET’s payment platform enables companies and individuals to receive and manage their funds using a variety of options including online e-wallets, bank deposit, prepaid cards, cash pickup, via mobile phone and more.
hyperWALLET global payment solutions, announced the availability of new low-cost direct-to-bank payment services in Malaysia and Chile. Many global corporations are active in these rapidly growing economies and need to pay people locally in a cost-effective and timely manner. hyperWALLET has addressed this problem by enabling fully-compliant direct-to-bank transfers in both countries in local currency, within 2-3 business days. Powered by hyperWALLET’s global payment platform and extensive financial networks, corporations can easily make mass payouts while providing payees with flexible in-country payment options. hyperWALLET also enables payees to receive payments on brandable prepaid debit cards, or as cash at any Western Union agent location across both Malaysia and Chile.
hyperWALLET, a leading provider of global payment solutions, announced the availability of new direct-to-bank payment and Western Union cash pickup services for both Colombia and Croatia. hyperWALLET’s e-wallet technology and extended payment services enable corporations to pay people in a fast, cost-effective manner in local currency across both countries. Through their online e-wallet, payees can choose to receive their funds direct-to-bank, or pick up their money as cash at any Western Union agent location in Colombia or Croatia.
HyperWallet global payment solutions made available 5 new payment destinations and services. This new payments availability enhances hyperWALLET’s global coverage to now include 59 countries / territories for direct-to-bank account transfers, and 29 supported currencies. Going forward, hyperWALLET plans to further expand its international payment network by adding Thailand, Malaysia, Pacific Islands, Colombia, Chile and Nigeria in the near future.
Click&Buy announced it is implementing a digital commerce payment system for JyvePro, which enables individuals to charge for their time over a Skype call. Click&Buy LLC, a leading ePayment and storefront provider for online and mobile digital content and services, is implementing a digital commerce payment system for JyvePro, which enables individuals to charge for their time over a Skype call. Click&Buy gives consumers easier access to online digital, mobile and paid content, such as games, music, streaming video, publications, podcasts and blogs.
The merger between First Data and Concord EFS continues to generate speculation that regulators will require some changes in the deal. Last week, rumors surfaced that First Data will unload its majority ownership in the NYCE network to appease government regulators. FDC will not confirm or deny the rumors, but insists that it does not believe any changes in the business of either First Data or Concord in connection with the merger are necessary or appropriate. Meanwhile, a coalition of leading Hispanic organizations has informed the U.S. Department of Justice of its concerns over the FDC-Concord merger. The group made up of the Hispanic Alliance for Progress, the Mexican American Grocers Association, the Latino Coalition and the Association for the Advancement of Mexican Americans, says it believes the merger will adversely affect competition and result in higher prices and fewer services in numerous payment systems markets. They say the merger will be particularly harmful to the millions of Latinos in the USA without traditional banking relationships. They say unbanked consumers pay supra-competitive prices for money transfers because First Data/Western Union dominates the remittance market. First Data has over 80% of the market in many segments and they say it has been able to increase prices without restraint in the remittance market. The group also believes the First Data-Concord merger threatens innovation in the remittance market. For the past two years, Concord’s STAR has been developing an ATM- to-ATM based remittance product which offers significantly lower prices for wiring money.
San Diego State University has slected U.S. Bank to expand its “SDSU Card.” The “SDSU Card,” in addition to serving as official campus identification, provides access to campus photocopy machines, student laundry facilities, health services, the pharmacy and computer labs, and is an alternative to cash at drink and snack machines. Under terms of the deal with U.S. Bank, the bank has agreed to sponsor the inaugural “SDSU” Month and deploy three U.S. Bank ATMs on campus in the spring of 2003. The new ATMs will also dispense phone minutes, stamps and other banking services in addition to traditional cash deposit and withdrawal functions. SDSU will also participate in U.S. Bank Workplace Banking, which extends special banking services and products to the approximately 7,000 SDSU employees.
Intelligent Life Corp announced friday that it has hired Edward Vermont (“Monty”) Blanchard, Jr. as Executive Vice President for Strategy and Acquisitions. Mr. Blanchard’s responsibilities will include identifying and consummating acquisitions and other strategic ventures for Intelligent Life. Intelligent Life is committed to a growth strategy, as outlined in its recent registration statement, which includes acquisitions. The Company has expressed its desire to expand original editorial content and research on consumer financial subjects including banking and credit, insurance, taxes, investing and planning.
“Retaining an executive with Monty Blanchard’s qualifications reinforces the commitment our company has made to expansion through acquisition. We have worked together for a number of years, and I am sure he will work to find and close the right deals quickly and effectively for our shareholders,” said William P. Anderson, President and CEO of Intelligent Life. “We want to move quickly; having Monty on board will help us do that.”
“I am pleased to join the outstanding management team Bill has assembled, and I am excited at the prospect of helping to build a great internet-based financial services company,” Mr. Blanchard said.
Mr. Blanchard is a former Managing Director and co-head of the Financial Institutions Mergers & Acquisitions Group at Merrill Lynch & Co., Inc. While at Merrill Lynch, Mr. Blanchard served as strategic M&A Advisor for a number of the firm’s large financial service clients in the insurance, asset management, credit card, consumer and commercial financial industries. In addition, he acted as a senior internal M&A Advisor and negotiator for a number of Merrill Lynch’s own acquisitions, including Smith New Court (U.K.), Macintosh Securities (Australia), Mercury Asset Management (U.K.), Midland Walwyn (Canada) and the takeover of selected former branches of Yamaichi Securities in Japan. Mr. Blanchard has worked as an investment banker since 1979 and was employed at Merrill Lynch from 1966 to 1999. He has a BA from Harvard College and an MBA from the University of North Carolina at Chapel Hill.
About Intelligent Life Corp.
Intelligent Life Corporation is a new media publisher. It creates original editorial content relating to personal finance and publishes this content through its Internet sites Bankrate.com, theWhiz.com, Consejero.com and CPNet.com. Through its Bankrate.com site, the Company provides consumers with independent, objective research on banking and credit products including mortgages, home equity loans and credit cards. In addition, this information is published on co-branded Internet sites through more than 60 distribution arrangements, including many of the leading online publishers of financial information. Its original research is also distributed in print through major national and local publications. In the fourth quarter of 1998, Bankrate.com had more than 1.3 million unique visitors, according to Media Metrix.
High-quality, full-motion video advertisements on ATM screens are now a reality. EDS launched a pilot last month that has now grown to 165 ATMs located in 7-Eleven stores throughout the San Diego metro area. The test involves two movie advertisements from Fox Searchlight Pictures and various spots for Nissan Motor Corporation. The 15-second video clips run during the “please wait” screen sequences and do not interfere with the normal transaction timing. EDS is using Diebold ATMs and Sigma Designs’ ‘MPEG’ video playback cards for the trial. The pilot is scheduled to run through March. EDS says, if successful, it will expand the service to a significant portion of its 6,000 ATMs nationwide by the end of 1998.