Empowering commerce in cash-intensive businesses with unparalleled transparency
Most transactions these days take place without any cash changing hands, yet there are industries where the majority of customers still pay with cash.
This presents a challenge for financial institutions that must comply with growing demands of Know Your Customer and anti-money laundering regulations, and the result is that cash-intensive businesses have been out of reach from traditional banking and payment solutions.
Superior data. Renewed confidence. Revived profits.
True Electronic Transactions
Easily process transactions directly from consumers’ bank accounts to merchants’ accounts.
Know Your Customer's Customer
Transaction-level details offer enhanced transparency, making it easier to meet compliance standards.
Earn Transaction Fee Revenue
Choose the rate you charge; any amount above Hypur’s buy rate is profit for your institutions.
Marketing materials to merchants and consumers are fully provided.
A match made in heaven.
Transaction-level details offer enhanced transparency, making it easier to meet compliance standards, and transaction fees provide an additional revenue stream.
Built with security in mind.
Reduced cash handling leads to a secure workplace, safer shopping environment and community, and less risk for employees transporting cash.
Fraud and charge-back risk is minimized through Hypur’s consumer ID verification process, transaction geo-tagging, consumer “check-in” and consent, and a Personal Access Code (PAC).
Merchant and consumer geo-fences ensure that sales only take place at a merchant’s legally authorized business location.
Go where others can’t.
Tap into markets that other banks can’t serve, safely and profitably.