UPDATE: January 11, 2010

All people who want to integrate HooPay in their website must use the new SCI:

API 2.0 Release

======================

Dear account's holders,

We apologize for the delay in the release of the Send Money API, but it is now ready to be used.

SendMoney API (Application Programming Interface) is a simple interface that allows you (the merchant) to send money instantly without logging into your HooPay account.

It’s an easy 2-step process:

1. Securely post your Name-Value pair string to HooPay’s server.

2. HooPay responds back with Name-Value format if the transaction was successful or not. The response will include a return code and a description.

To setup API:

1. Login to HooPay
2. Click on Generate SendMoney API
3. Click on Select to activate your SendMoney API
4. Enter your Server IP (Where will be located the script or website)
5. Copy the Key
6. Click Submit
7. Download the Script from Generate SendMoney API section.
8. Configure all parameters
9. Upload the php Script to your server and start to send money.

If you need a mass payment application, or an integration with your website you should talk with a programmer because we can't help you.

Which companies usually use these feature?

- Bux sites,
- PTC sites,
- Affiliate program sites,
- HYIP program sites,
- Exchange companies,
- And more...

If you have any problems, recommendations, comments, questions or suggestions concerning the API please feel free discuss it send us an email through our Customer Service Section.

Thank you for using HooPay!

Dear account's holders,

Due to some problems of our Bank and Credit Card Merchant we are forced to reject the deposits through bank wire, credit/debit cards and the direct bank wire withdrawals.

We had lots of transactions in the first six months of 2009 and our Bank thinks that we can make illegal business because they are not capable to monitorize all transactions due to the new International Rules against money laundering, so they will close our bank accounts on August 01, 2009. But don't worry, all your money is safe because we are taking for another offshore jurisdiction.

This doesn't mean that we are money launderers, it means that they can't support our growing business.

All bankers, financiers and money institutions are really worried with money laundering or racketeering schemes and we knew it. As you know we had a KYC program, policies to fight against these activities and a back-stage software to monitorized the system searching suspicious activities among the account's holders of HooPay.

It was not enought for them, they think that the Costa Rican people and companies are outlaws...In fact it is the opposite, we are living in one of the best countries in Central America, but it's always the innocent who pays for the sins of the sinners.

What I'm telling is the truth. I could tell you a plot story totally false like we are going to close the credit card deposits because we have a high level of fraud, or tell you nothing, only silence, and dissapear with your money like others... But I'm not interested. I'm used to tell the truth in all of my life's facets. I want to tell the truth to all our customers (who by the way will be near the excellent sum of 12000 on August). And for all this, I am the Chairman of the Board of this company. The shareholders trusted me because they knew about my profesionalism, my business and personal life. They wanted a person in charge who knew the business, but the most important thing they looked for was integrity.

Reading these lines you will notice that I am really disapointed with this decision. Yes, I am upset and bothered but it is not the end of the story. It is a new page of the book. We will continue with the business in HooPay, in new ways, with new formulas and new people working to search for the best solutions for the growing companies that we serve.

We have a new structure of banking accounts, we have an excellent deal with our current bank but they put some conditions like making less bank wires monthly.
You are used to do transactions with exchange companies over the Internet, it's common to buy/sell ecurrencies through these fabulous companies and we though that it is the solution for HooPay.

HooPay worked with exchange companies in the past but it was not a great business for them because we had another methods to withdraw and deposit so both parts didn't get the oportunity to grow and cultivate the business.

From now on it will be different, we are working to achieve a good portfolio of exchange companies to offer you. In the next days and weeks we will inform you about the new partnerships.

Until August 01, 2009 you can withdraw or deposit through Bank wire directly if you want. When August 01 arrives we will close both features and the transactions will be submited to the exchange companies.

Don't hesitate to contact us if you have any question, we are here to help you.

And remember that HooPay is your company, you are the person who maintain this dream, for that we are sinceres, because you deserve it.

Alejandro Casanova
Chairman of the Board
HooPay Asset Management S.A.

Dear customer,

Since yesterday (Jul 13) afternoon our DNS manager seems to be blocked in Europe network. Our investigation showed that European ISPs probably blocked whole range 68.178.128.0/17.

As soon as we have more information available, we will publish it here.

Please consider it is not HooPay network issue. There are hundreds of companies all over Europe within the affected range 68.178.128.0/17.

Regards,
HooPay Asset Management S.A.

============ Edited Jul 14 19:23h======

Dear customer,

We are happy to announce that the network issue has been solved.

Spain, Holland, France, UK, Germany and Italy are available to access on HooPay.com

Best Regards

Wentworth

In addition to our other ways of preventing, detecting, and resolving fraud, we offer Verified by Visa and MasterCard^® Secure Code™, a free, simple-to-use service that confirms your identity with an extra password when you make an online transaction.

To get the extra protection you must activate your card before you make a deposit in HooPay. It's easy and only takes a few moments to activate your card. You can do it on the secure Visa site https://usa.visa.com/personal/security/vbv/index.html if you own a VISA card or asking to your bank if you own a MasterCard^®. Either way, your information is protected.

You can learn more about these features in the following links:

For MasterCard^® members: http://www.mastercard.com/securecode/




For VISA members: https://usa.visa.com/personal/security/vbv/index.html





Remember the following considerations about HooPay:

HooPay's e-commerce fraud detection system is the first of its kind to use current worldwide fraud trends and global payment-card usage patterns to provide a comprehensive assessment of transaction risk. At its heart is a data network that stores thousands of examples of valid purchase transactions and constantly updates cardholder data so future purchases can be evaluated against the most current profile. Each time an authorization request is processed, it's evaluated against the individual's transaction history. HooPay also works closely with technology companies and our merchant partners to ensure that they operate as allies in the effort to keep your information out of harm's way.

We're alerted whenever our systems detect a change in your typical spending patterns and behaviors. If we see questionable activity, such as entry of mismatched shipping and billing addresses, unusually large purchases, and changes in Social Security number or other personal data, we'll work with your financial institution to suspend activity on your card to keep your account secure and prevent further damage.

We will work with your financial institution to alert you about suspicious activity as soon as possible to protect your account's safety and integrity and prevent loss and identity theft. If you ever notice a suspicious charge on your monthly statement, report it to your financial institution right away.

Information about your exchange service will be added to the list of our verified exchangers only when it meets conditions and requirements, listed below:

1. The Site of the Exchange Agency should contain clear and relevant information as to exchange rates, fees, charges, exchange terms in a manner, that excludes any ambiguous interpretation of this information. All exchange operations should be performed as per published exchange rates and terms. Site should contain clear and exact customer procedures, which customers should use as guidelines when performing an exchange.

2. Exchange Service, exchanging HooPay units to live currency and vice versa must check and keep ID details of the exchange operation participants (both cash-in and cash-out) and immediate provide these ID details upon the request of the HooPay Arbitration Service. ID details, including passport number (if it is supplied by customer), first and last names, HooPay-account details and payment description should be taken and stored by the Service as well. If the HooPay-Holder , performing an exchange and a cash receiver (owner) is the same person (for HooPay IDs of formal level or higher), it is not necessary to store the ID data.

3. HooPay Exchange Agency that performs wire exchanges (in and out) should store all banking/payment details for each exchange transaction and provide this information immediately upon request from the HooPay Transfer Arbitration Service. This information is to be stored by the Exchanger by means of including banking details (sender’s and beneficiary’s bank name and address (or Bank Identifier Code), account details) to the HooPay Invoice or payment description. If the mentioned banking details coincide with those, stipulated in the ID, belonging to the HooPay Holder (for HooPay ID of formal level or higher), it is not necessary to store the banking details.

4. The HooPay Exchanger, performing HooPay units exchange via money transmitting services (Western Union, MoneyGram, etc.) and vice versa should store full transaction details for each transaction and provide this information immediately upon request from the HooPay Transfer Arbitration Service. These details are to be stored by the Exchanger, adding personal data (name and last name, mtcn code for HooPay or recipient’s and sender’s city, etc. ) into the HooPay Invoice or payment description.

5. HooPay-Exchanger, performing HooPay units exchange to fund bank cards (via various equiring or billing systems without using standard bank transfer) and vice versa should store full card holder and card details (first and last name, bank name, card type, number and other appropriate details if they are available), including payment details (first and last name, bank name, card type, number) into HooPay-Invoice or payment description.

6. IMPORTANT! HooPay-Exchanger performing HooPay units exchange to other electronic currency or internet payment systems (paypal, etc.) and vice versa MUST store full transaction details (system/currency name, account or e-wallet number, exchange direction, exchange amount) by means of the HooPay Transfer System tools and should OBLIGATORY include this data into HooPay- Invoice or payment description.

When adding funds into the System (when selling HooPay currency to the customers) via exchange options, listed in point 2, 3 and 4 of the given document the Exchanger is allowed not to collect and store data in cases, when exchange limit doesn’t exceed an equivalent of USD 2000 per 24 hours per one HooPay user.

HooPay Transfer System leaves itself a right to refuse information and promo support (adding an exchanger to the exchangers listings) in case the Exchanger violates one or several rules or requirements, listed hereto.