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 [...]

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 [...]

Held October 17-19 in Victoria B.C., Canada, the 7th annual Money Laundering in Canada Conference boasted a well-rounded list of attendees that included a number of Money Services Businesses (MSBs), Financial Institutions, Credit Unions and Foreign Exchange Brokers, and regulatory authorities such as FINTRAC  (Canada), FinCEN (USA), OSFI (Canada) and the RCMP. As the Compliance [...]