Hyperwallet's On-Demand Economy Worker Payment APIs
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Hyperwallet announced the release of their worker payment APIs onstage at FinDEVr 2015. This presentation offers a quick run through of the Hyperwallet Payments Platform and API capabilities.
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Hyperwallet's On-Demand Economy Worker Payment APIs
- 2. SOLVING THE PAYOUT PROBLEM No global payment “Rail” Merchant Acceptance • Ubiquitous • Standardized • Efficient Payouts • Fragmented by payment type & market • Each payment type in each market requires its own solution set. C O N S U M E R S PAY E E S M E R C H A N T S When merchant needs ‘n’ ways to pay, a platform is needed IM2890530054
- 3. THE CALL FOR A PLATFORM: HYPERWALLET Empowering the Independent Worker • Paying unbanked • Increasing payment frequency • Payee directed payments • Non-U.S. launches CONFIGURABILITY ENABLES MULTIPLE USE CASES • Over $5B in annual volume • Over 5M registered Payees • Over 400 clients PROVEN SCALABILITY FOR OVER 14 YEARS PROPRIETARY AND PARTNER APP ECOSYSTEM GLOBAL SERVICE PLATFORM GLOBAL FINANCIAL NETWORK LOCAL BANK DEPOSIT TO 65+ COUNTRIES / 30 CURRENCIES FULL SUITE INTEGRATED FINANCIAL NETWORK COMPLIANCE RISK MANAGEMENT INFO SECURITY CUSTOMER SUPPORT HYPERWALLET GATEWAY & SETTLEMENT SERVICES LOYALTY / REWARDS TAX MOBILE WALLET EXPENSE MGMT PREPAID CARDS IN 20+ CURRENCIES CREDITS TO EXISTING DEBIT / CREDIT CARDS CASH PICKUP AT 700,000+ LOCATIONS EXTENSIBLE FOR ALTERNATIVE PAYMENT TYPES BY COUNTRY
- 4. PAYMENT CHOICE AND TRACKING Put independent workers in control of their earnings. Give your workers the power to collect their earnings in a manner that’s most convenient to them. Cash Via Agent Check Delivery Payment to existing Debit or Credit Card Global Bank Account Deposit Corporate-branded Prepaid Cards Virtual Prepaid Cards
- 5. Hyperwallet closely collaborates with a number of industry partners, including banks, non-banks, payment processors and card manufacturing and distribution partners. 35 bank and non-bank payment distribution partners Local Direct to Bank in 60+ countries in 34 currencies Global Wire Transfers to over 170+ countries Fund payouts in 25 currencies OUR FINANCIAL PARTNERS Working together to improve your payout process.
- 6. HIGH-LEVEL OVERVIEW OF TECHNICAL COMPONENTS Business Contexts Transfer Methods Users / Recipients Transaction Processing Compliance / Risk Localization
- 7. HIGH-LEVEL OVERVIEW OF TECHNICAL COMPONENTS Business Contexts Transfer Methods Users / Recipients Transaction Processing Compliance / Risk Localization
Editor's Notes
- ----- Meeting Notes (7/15/15 15:31) ----- Paying in: there is a network to support all use cases Paying out: new use cases require whole new stack Unless you have a platform....
- Key Messages: -Unlike our peers, HW is a true platform company. -The heart of our business is our Service Platform, with an SLA of 99.XX% -Our payout use case flexibility is of course what we’re known for, but equally important is the compliance and support we provide to make our clients’ lives easy. -The platform affords almost infinite configurability, as we’ve iterated with clients for years, and productized all of those iterations. -Looking to the bottom of the slide, our fin network is the output of our many years of operations. We have redundant, global capabilities, second to no other pure play payout provider. -Finally, and most exciting, the manner by which we expose our capabilities to the payee is evolving in an exciting trajectory. Of course, our wallet, registered with over 5M payees today, is the heart of the solution. But with great new mandate and resources thanks to Primus, Brent and our growth, we are developing both in house and partner applications that will really differentiate our servicing of the payee. Loyalty solutions will be coming on line for existing clients and new starting later this year. Acquiring options so that our clients can have one-stop shops for payment is finally on the doorstep. And then you need to look at the suite of value add capabilities around making the independent work Network is not just a bank network…it’s both bank and alternative…