Hyperwallet Adds Senior Level Expertise To Focus On Digital Marketplaces

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Michael Ting joins Hyperwallet as SVP, Digital Markets

Michael Ting joins Hyperwallet

Mass payments remain one of the biggest unsolved problems for growing companies in the digital marketplaces space

Hyperwallet Systems Inc. (“Hyperwallet”), a global leader in the payments industry, today announced Michael Ting has joined the company as Senior Vice President, Digital Markets. In this role, Ting will work alongside Hyperwallet’s senior management team to develop commercial and strategic partnerships with emerging growth companies in the digital marketplace sector. Ting will report to Peter Burridge, President and Chief Commercial Officer of Hyperwallet.

Ting will bring more than two decades of payments products and financial services experience to the Hyperwallet team. As the former Head of Payment Services for oDesk (now Elance-oDesk), Ting has deep industry experience in global marketplaces, payments product management, operations, and business development. Prior to oDesk, Ting managed online payment products at Obopay, Inc., as well as serving in a variety of strategic partnership and operational roles for WR Hambrecht + Co., Paypal, and Barclays Global Investors.

“Mass payments remain one of the biggest unsolved problems for growing companies in the digital marketplaces space,” says Ting. “Many companies are looking for technology-based solutions that enable them to send thousands of payments anywhere in the world in a simple, frictionless, and user-centric manner. I believe Hyperwallet’s deep payment network and modern technology creates tremendous opportunities for digital marketplaces to deliver value to their vast network of payees in a scalable and cost-efficient manner.”

Ting will be based in San Francisco at Hyperwallet’s U.S. headquarters. For further information, please contact press(AT)hyperwallet.com

About Hyperwallet Systems Inc.
At Hyperwallet, our goal is to simplify the mass payments process and eliminate the barriers that stand between businesses and their payees. Hyperwallet’s user-friendly payments platform and global settlement network enables businesses to distribute funds across 170+ countries in more than 150 currencies. Our range of flexible mass payment options includes local bank deposits, international wire transfers, branded prepaid and virtual cards, custom checks, cash pick-up services, and pay to existing card capabilities. With offices in San Francisco and Vancouver, you can learn more about Hyperwallet online at http://www.hyperwallet.com

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Don Takemura, Director, Brand & PR
Hyperwallet Systems Inc.

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