hyperWALLET news! We’ve submitted a provisional patent which reads in part: The innovation can help financial services companies and multi-nationals send money globally in a low-cost, low hassle manner, and in accordance with anti-money laundering and anti-terrorist financing best practices.    The software behind the patent permits a person to receive funds electronically without having to [...]

According to the CIA Factbook, the world’s 2010 GDP is estimated at 75 Trillion dollars. According to the Boston Consulting group, the global payments industry is approaching 500B in revenue. According to my math, this implies that payments industry’s revenues alone represents a 0.67% tax on human effort.               If payments [...]

I like QR codes. They are so contra! I like QR codes and I have since the first time I saw one and wasted 2.3 hours figuring out how to scan it with my iphone 1. Since then @ hyperWALLET we’ve used QR codes as a training ground for rookie software developers and business analysts [...]

A free idea for some new Y-combinator payments startup The market needs a simple application service on top of recurring ACH debits (which are called PADs here in Canada). It would be a money maker for the banks, a boon for billers, and put control and transparency back in the hands of consumers. If you [...]

The world is still a big place and thankfully we’re not all the same (yet). I was recently in Singapore where there are some unique cross-border trade challenges for payment service providers, but this entry is an update from the last stop on my trip: Australia.  Just last week it was publicly reported that there [...]

hyperWALLET just wound up a few days in dynamic Mexico City at the MMT Latin America conference. The conference was notably more low key than previous events in Dubai, but my impression is that the potential to tap into the enormous USA-Mexico remittance flows through the mobile channel is bringing more than just ‘the usual [...]

While recently researching the payments landscape of a new international market that hyperWALLET is considering entering, it occurred to me that there really is a wealth of information available online nowadays on topics of interest to payments professionals.  I’d like to share a list of my favorite sources and publications  in the hope that  you [...]

Having recently returned from the MMT09 summit in Dubai where hyperWALLET was pleased to be one of the key event sponsors, I couldn’t help but walk away with some observations that I wanted to share.   As most in the payments space are aware, the concept of mobilizing financial services has been around for many years [...]