Toronto, ON – October 11, 2013 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based financial technology solutions, announces the grant of incentive stock options to an officer of the Company to purchase up to 430,000 common shares in the capital stock of the Company under its share option plan.  The options are exercisable at a price of $1.35 per share on or before October 11, 2018, subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types required to accept and process electronic payments.  In addition, the Company’s proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY.

More information about VersaPay can be found at www.versapay.com.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to … Read more

TORONTO, ON – October. 9, 2013 - VersaPay Corporation (TSX VENTURE:VPY) (“VersaPay”), a leading provider of cloud-based financial technology solutions, is pleased to announce that all 702,000 bonus warrants issued pursuant to the Company’s note financing on December 21, 2010 at an exercise price of $0.75 were exercised prior to the accelerated deadline (see our news release dated September 12, 2013) for total gross proceeds of $526,500.

The additional funds will be used to expand the rollout of VersaPay’s Electronic Invoicing Presentment and Payment platform (EIPP) as well as its existing point-of-sale (POS) business.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types required to accept and process electronic payments. In addition, the Company’s proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY.

More information about VersaPay can be found at www.versapay.com.

Forward-Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of … Read more

Toronto, ON – September 27, 2013 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based financial technology solutions, is pleased to announce today that its U.S. subsidiary, VersaPay Payment Technology Solutions, Inc., has entered into a reseller agreement with Heartland Payment Systems (NYSE: HPY), a leading payments processor, for VersaPay’s Electronic Invoicing Presentment and Payment platform (EIPP), which enables companies of all sizes to automate their invoicing and accounts receivable processes.  The five year agreement allows Heartland to market VersaPay’s EIPP to Heartland’s extensive customer base across the United States through its world class and industry-recognized sales distribution network.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types required to accept and process electronic payments.  In addition, the Company’s proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY.

More information about VersaPay can be found at www.versapay.com.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements … Read more

Toronto, ON – August 29, 2013 – VersaPay Corporation (TSXV: VPY) (“VersaPay”),  a leading provider of cloud-based financial technology solutions, today announced that CEO, Bill McGill has resigned and will be leaving the Company, effective August 31, 2013.  Mr. McGill will remain on VersaPay’s Board of Directors. Mr. McGill will be replaced by software veteran Craig O’Neill.

“On behalf of the Board, we thank Bill for his dedication to VersaPay and his valuable contributions to the Company,” said Jason Gurandiano, VersaPay’s Chairman. “Bill led the company through a critical period in its development and leaves VersaPay with the key foundational pieces in place to create significant value for shareholders.  We are pleased that he has agreed to stay on the board of VersaPay to ensure an orderly CEO transition.”

Mr. Gurandiano continued, “We are very fortunate to have attracted a replacement of Craig O’Neill’s caliber. Having grown Xeye and achieved a successful exit for shareholders, Craig brings a deep understanding of how to build a successful software business.”

Mr. O’Neill added, “As a software entrepreneur I see in VersaPay all of the elements of success:  a unique software platform in an exciting market segment, a great team and partnerships that have the potential to drive significant growth.  I’m excited to be joining the VersaPay team and to lead the company through its next phase of growth.” 

Craig O’Neill Bio

Craig O’Neill was the co-founder and CEO of Xeye and the driving force behind its flagship WealthManager product.  In this role, Craig directed the company’s growth of over 40% Read more

Toronto, ON – May 31, 2013 – VersaPay Corporation (TSXV: VPY) (“VersaPay”),  a leading provider of cloud-based financial technology solutions, today announced that it has entered into a payment processing and referral agreement with TD Merchant Services, an operating division of The Toronto-Dominion Bank (“TD”).

Under the terms of the agreement, VersaPay and TD will refer eligible business-to-business merchant customers to each other in order to take advantage of VersaPay’s cloud-based payment processing solution and TD’s credit card and debit card processing services, respectively.

 “We are excited to establish this business relationship with one of North America’s pre-eminent financial services organizations,” commented Bill McGill, CEO of VersaPay. Mr. McGill continued, “We believe that this collaboration will significantly broaden the market for our unique cloud-based electronic invoice presentment and payment platform.”

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types require to accept and process electronic payments. In addition, the Company’s proprietary Electronic Invoice Presentment and Payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY.

More information about VersaPay can be found at www.versapay.com.

Forward Looking and Other Cautionary Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or

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