TORONTO, ONTARIO (Apr 26, 2013) - VersaPay Corporation (TSX VENTURE:VPY) (“VersaPay” or the “Company”), a provider of merchant credit and debit card payment processing services (“POS Merchant Services”) and proprietary, cloud-based financial technology Solutions (“VersaPay Solutions”), today announced its financial and operational results for the year ended December 31, 2012. All amounts are in Canadian dollars unless otherwise noted.

Fiscal 2012 Highlights

• Grew year over year revenues by 11% and grew recurring revenues by 13%
• Adjusted EBITDA⁽¹⁾was $(0.9) million, as the Company continued investing in its VersaPay Solutions financial technology business
• Total processing volumes exceeded $1 billion
• Launched the electronic invoicing feature on its proprietary platform, creating a cloud-based electronic invoice presentment and payment solution for businesses
• Announced strategic marketing partnership with MasterCard International Incorporated to increase MasterCard volumes in the B2B market.

Q4 and Fiscal 2012 Financial Summary⁽²⁾

“We achieved a number of important milestones in 2012,” said Bill McGill, CEO of VersaPay. “Among other accomplishments, we renewed our processing agreement with Chase Paymentech, entered into a strategic marketing relationship with MasterCard International Incorporated and released critical features on our proprietary platform.” Mr. McGill continued, “Our … Read more

February 13, 2013—TORONTO, ON—VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading cloud based electronic money transfer (EMT) provider announced today a strategic partnership with Bluefin Payment Systems.

“We are very pleased to have Bluefin join our growing list of strategic partners,” said Bill McGill, CEO of VersaPay. “We look forward to working with Bluefin to offer their 15,000 merchants a comprehensive payment solution in the Canadian market that wasn’t previously available to them.”

VersaPay’s proprietary Electronic Money Transfer (EMT) platform allows businesses to move money from any bank account in Canada with a click. Businesses writing checks or using wire transfers can complete bulk transactions from their financial software or manually enter one-time transactions with VersaPay’s secure payment processing solutions.

“This partnership is directly in line with our products and features we currently offer our Bluefin customers”, said John M. Perry, CEO of Bluefin Payments Systems. “VersaPay’s proprietary EMT platforms will allow our Canadian customers who collect payments by checks and wire transfers to automate the process, saving them both time and money.”

Bluefin customers wanting to utilize EMT in Canada will now be able to integrate directly with their financial systems and move money without having to write a check. Business can accept one-time or recurring EMT payments directly from their customers’ bank accounts. They will be able to automate recurring billing, bill payments and payroll, increasing profits and saving time as well as ensuring that funds are deposited quicker and in a more secure manner.… Read more

TORONTO, ONTARIO–(Nov. 27, 2012) – VersaPay Corporation (TSX VENTURE:VPY) (“VersaPay” or the “Company”), a provider of merchant credit and debit card payment processing and electronic money transfer (EMT) and electronic invoice presentment and payment (EIPP) solutions, today announced its financial and operational results for the three and nine month ended September 30, 2012. All amounts are in Canadian dollars unless otherwise noted.

Q3 2012 Highlights

• Grew year over year revenues by 7% and grew recurring revenues by 8%
• Adjusted EBITDA¹ was $(0.09) million, as the Company continued investment in its cloud based electronic invoice presentment and payment platform
• Launched the electronic invoicing feature on its proprietary platform, creating a cloud based electronic invoice presentment and payment solution for businesses.
• Announced, after the quarter, a strategic marketing partnership with MasterCard International Incorporated to increase MasterCard volumes in the B2B market.

“Our financial results in the third quarter of 2012 were driven primarily by our credit card processing business,” said Bill McGill, CEO of VersaPay. “We continue to invest in our proprietary platform to drive future growth, and while this investment has negatively … Read more

Toronto, ON – November 5, 2012– VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading cloud based electronic invoice presentment and payment (“EIPP”) provider, today announced that it has entered into a strategic alliance agreement with MasterCard International Incorporated.  Under the terms of the agreement, VersaPay and MasterCard will collaborate to increase usage of MasterCard’s products on VersaPay’s EIPP platform in Canada.

“We are excited to be partnering with one of the world’s most recognizable and respected payment brands” commented Bill McGill, CEO of VersaPay.  Mr. McGill continued, “We believe that this partnership will broaden the market for our unique cloud-based EIPP exchange in Canada and increase MasterCard acceptance among businesses accepting payments from other businesses.”

“As a technology company, we’re always on the look-out for cutting-edge partners that deliver innovative solutions for businesses. We look forward to working with VersaPay to grow acceptance across Canada,” said David E. Orzel, Senior Vice President Market Development, MasterCard Canada.

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, Vancouver and Long Island, NY. More information about VersaPay can be found at www.versapay.com.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com,… Read more

Toronto, ON – October 2, 2012– VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading Canadian financial technology company, today announced that it has renewed its payment processing partnership with Chase Paymentech.

VersaPay CEO Bill McGill said, “We have enjoyed a strong partnership with Chase Paymentech since VersaPay’s inception and we are pleased to be extending our relationship for four more years.”

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 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, Vancouver and Long Island, NY.

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

About Chase Paymentech

Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company’s proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options.  Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2011, Chase Paymentech processed 24.4 billion transactions with a value of $553.7 billion, including an estimated half of all global Internet transactions. In addition to the ability to … Read more