hyperWALLET Systems, a Canada-based payments provider, has unveiled a new prepaid card service for Karrot, a provider of online loyalty and reward programme solutions.
Karrot is a Chicago-based provider of online loyalty and reward program solutions for a wide variety of companies. The company establishes loyalty programs that promote the desired behavior and foster strong, long term relationships.
The prepaid card service from hyperWALLET Systems will allow Karrot to streamline its payment solution in the US and Canada and make the earned loyalty funds available to recipients immediately in local currency onto their prepaid cards.
The cards can be used at ATMs, point of sale or online to withdraw money.
Karrot president and co-founder, Ernie Naylor, said they are pleased to partner with hyperWALLET to directly reward their channel incentive programme participants.
"This partnership will allow us to foster increased loyalty as we seamlessly distribute rewards," Naylor added.
hyperWALLET Systems Chief commercial officer, Peter Burridge, said loyalty is built on trust, and being able to support Karrot by providing their payees with instant funds access makes their loyalty program solutions even more robust.