funds transfer

First Data, an electronic commerce and payments processor, announced that its STAR Network is the first electronic funds transfer network (EFT) now capable of loading and reloading support for STAR-branded general purpose prepaid cards.
General purpose prepaid cards work like debit cards enabling cardholders to make purchases, pay bills or withdraw cash at millions of locations the cards are accepted. The STAR Network has supported general purpose prepaid programs with PIN-secured ATM and POS transactions, and with its biller-direct payment service for many years.

 hyperWALLET Systems Inc., a leading provider of global payment solutions, introduced a new online global money transfer service, designed for Canadian consumers and credit union members. Owing to the new service the customers can use all merits of fund transferring sending them electronically to international bank accounts in over thirty countries worldwide. 

 First Data, a global leader in electronic commerce and payment processing, in association with the online payments provider PayPal have launched a new initiative to allow cardholders in First Data’s STAR® Network to quickly link their STAR debit card to a PayPal account online. First Data’s STAR Network is the first electronic funds transfer network to offer such kind of services to its clients.