SCOTTSDALE, ARIZONA, September 5, 2017 (Newswire.com) – Hypur was recently accepted as a member of the California Bankers Association’s (CBA) Capital Circle partner initiative. This prestigious membership further validates Hypur’s technology which bridges the gap between traditional banking systems and the unique needs of banking Money Service Businesses (MSBs). The Arizona-based company’s software automates costly error prone manual compliance and due diligence processes.
As a CBA Capital Circle partner, Hypur will share its expertise on compliantly and profitably banking MSBs with fellow CBA members. With the Justice Department recently eliminating Operation Choke Point, which deterred many financial institutions from serving high-risk businesses such as MSBs, the CBA’s partnership with Hypur is a timely addition for its members.
The CBA looks forward to working with Hypur to help bring forth the necessary safeguards for safely and responsibly banking MSBs and other Cash Intensive Businesses.
“We’re excited about a tech company like Hypur joining our ranks and we’re looking forward to them sharing both their technical and compliance expertise with our members,” said Julianna Graham, SVP of strategic partners for the CBA.
The CBA provides solutions and resources that assist its financial institution members in adapting to an evolving marketplace. Additionally, the CBA makes sure that its members have access to the tools they need to meet compliance requirements. With due diligence and compliance at its core, Hypur’s software will now have an entirely new audience to benefit from its high-tech solutions.
Hypur is proud to join the CBA and help its members succeed and grow their business by compliantly and profitably serve MSBs.
Empowering commerce through high-tech solutions, Hypur provides software that alleviates the burdens financial institutions face when servicing cash-intensive businesses. These tools provide financial institutions with the data they need to meet compliance and due diligence requirements while providing merchants and consumers with a safe, convenient alternative to cash. For more information, visit www.hypur.com.
About the California Bankers Association
Established 126 years ago, the California Bankers Association (CBA) is one of the largest state banking trade associations in the country. CBA leads the way in developing relevant educational and legislative solutions to some of California’s more pressing financial and banking issues, including adult financial empowerment, identity theft, financial privacy and elder financial abuse. CBA’s membership includes the majority of California’s commercial, community banks and savings associations. For more information, visit www.calbankers.com.