hyperWALLET partners with MetaBank for card issuing and ACH needs

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.

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 Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, 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.