VersaPay http://www.versapay.com Simplify Payment Processing Sat, 22 Nov 2014 00:15:06 +0000 en-US hourly 1 The Terry Fox Foundation Expands Mobile Payment Coverage With VersaPay http://www.versapay.com/press-releases/the-terry-fox-foundation-expands-mobile-payment-coverage-with-versapay/ http://www.versapay.com/press-releases/the-terry-fox-foundation-expands-mobile-payment-coverage-with-versapay/#comments Thu, 13 Nov 2014 16:45:05 +0000 http://www.versapay.com/?p=11074 Toronto, ON – November 6, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, and The Terry Fox Foundation of Canada, one of Canada’s most well known and respected charities, are excited to continue the growth of their long term relationship. VersaPay manages all of The Terry Fox Foundation’s payment processing and online donations for the Foundation’s charity runs across Canada, and deployed a record number of mobile devices to support the 2014 runs.

“Working with the team at VersaPay has been a great fit for The Terry Fox Foundation. We are pleased to have developed a long term relationship with VersaPay and continue to utilize their services for online donation processing,” commented Amy Brosinski, Financial Controller of The Terry Fox Foundation. “In addition to their online processing, VersaPay helped us deploy more payments devices for the 2014 run sites than in any previous runs to date.”

“We are very proud to support the important work of The Terry Fox Foundation,” commented VersaPay’s Chief Executive Officer Craig O’Neill. “This relationship is a testament to the quality of our services and the dedication of our people.”

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s ARC and ARCPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or EFT payments and automatically reconcile payments to their ERP and accounting software.

VersaPay … Read more

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VersaPay Adds Experienced Marketing Leader to Executive Team http://www.versapay.com/press-releases/versapay-adds-experienced-marketing-leader-to-executive-team/ http://www.versapay.com/press-releases/versapay-adds-experienced-marketing-leader-to-executive-team/#comments Wed, 15 Oct 2014 15:13:24 +0000 http://www.versapay.com/?p=11064 Toronto, ON – October 15, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce that John McLeod has joined the Company as Vice President, Marketing, bringing his extensive marketing skills and executive experience from a variety of technology companies. Mr. McLeod joins VersaPay after 8 years with Desire2Learn Incorporated, a global SaaS-based learning solutions provider. As Vice President, Marketing, he was instrumental in the company’s growth from 35 to nearly 900 employees, serving more than 13 million learners around the globe.

“John brings the marketing know-how and leadership we need to raise brand awareness for VersaPay and more importantly, ARC, our cloud-based solution that automates Accounts Receivable,” commented Craig O’Neill, VersaPay’s Chief Executive Officer. “Since I joined VersaPay a year ago, I have been building a management team with the skills and experience needed to support our growth plans. John’s arrival rounds out that team, and comes at an ideal time as we experience growing demand from customers and partners for our ARC platform.”

 

In addition to Mr. McLeod, VersaPay’s management team includes:

Craig O’Neill – Chief Executive Officer and Director. Prior to VersaPay, was the co-founder and CEO of Xeye and the driving force behind its flagship WealthManager product.

David Chan – Chief Financial Officer and Corporate Secretary. A Chartered Accountant, previously worked at Ernst & Young.

Patrick MacDonald – President, POS Group. Prior to VersaPay, worked with one of Canada’s … Read more

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VersaPay Retires Outstanding Debt http://www.versapay.com/press-releases/versapay-retires-outstanding-debt/ http://www.versapay.com/press-releases/versapay-retires-outstanding-debt/#comments Thu, 25 Sep 2014 14:02:22 +0000 http://www.versapay.com/?p=11057 Toronto, ON – September 25, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces that it has completed the early repayment of all of the outstanding December 2010 secured subordinated promissory notes. The total outstanding amount of the notes was $900,000.

“I am pleased that we are able to repay the promissory notes fifteen months early. In doing so, we are now debt-free, while still having a healthy balance sheet to execute on our growth plans”, said David Chan, VersaPay’s Chief Financial Officer.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or EFT payments and automatically reconcile payments to their ERP and accounting software.

VersaPay’s is headquartered in Toronto, Canada, and has operations in Montreal and New York.

For additional information about this news release, please contact:

David C.W. Chan, Chief Financial Officer, VersaPay Corporation

Telephone: (647) 258-9475   Email: MailGuard('david.chan','versapay.com')

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 … Read more

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Teachers Life Becomes VersaPay ARC Customer http://www.versapay.com/press-releases/teachers-life-becomes-versapay-arc-customer/ http://www.versapay.com/press-releases/teachers-life-becomes-versapay-arc-customer/#comments Tue, 23 Sep 2014 18:15:21 +0000 http://www.versapay.com/?p=11046 Toronto, ON – September 23, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce that Teachers Life, the foremost insurance provider for teachers throughout Ontario, has become a VersaPay ARC customer. ARC is VersaPay’s cloud-based eCommerce platform that enables suppliers to collaborate with their customers, publish invoices online and securely accept electronic payments.

“We are very pleased to have our first ARC insurance customer in Teachers Life,” commented Craig O’Neill, VersaPay’s CEO. “We, along with our partners, have targeted the financial industry as one of the key verticals where we can drive significant value with the unique capabilities of ARC.”

Doug Baker, President and CEO of Teachers Life, said “We are delighted to have found a Canadian company that understands our needs and created a solution that not only provides our Members with quality service but confidence in the security of their information.”

VersaPay’s ARC solution for Teachers Life will be highlighted at the upcoming Management Data’s FIMMAS User Group Meeting on September 24th in New Orleans. Mislav Majic, VersaPay’s Vice President of Sales, along with representatives of Teachers Life, will be speaking at the conference about PCI compliance as it relates to the ARC software and the insurance industry.

“Presenting at Management Data’s conference will provide exposure for our ARC solution to some of the biggest insurance companies in North America. We are honoured that Teachers Life has included us and look … Read more

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VersaPay To Present at Upcoming Investor Conferences http://www.versapay.com/press-releases/versapay-to-present-at-upcoming-investor-conferences/ http://www.versapay.com/press-releases/versapay-to-present-at-upcoming-investor-conferences/#comments Tue, 23 Sep 2014 18:14:28 +0000 http://www.versapay.com/?p=11044 Toronto, ON – September 18, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces that the Company will be presenting at Cantor Fitzgerald’s 3rd Annual Technology Conference and the Stableview TECH14 Showcase, both in Toronto in the coming weeks.

The Cantor Fitzgerald Conference takes place on September 23rd at the St. Andrew’s Club and Conference Center, 150 King Street West. VersaPay’s CEO Craig O’Neill is scheduled to present at 10:30 AM.

The StableView TECH14 Showcase takes place on October 2nd at the Arcadian Loft, 401 Bay Street, Simpson Tower.  Mr. O’Neill is scheduled to present in the afternoon.  This is a StableView Asset Management event and Haywood Securities is the lead sponsor.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software.

VersaPay is headquartered in Toronto, Canada, and has operations in Montreal and New York.

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

For additional information about this news release please contact:

David Chan, Chief Financial Officer, VersaPay Corporation
Telephone: (647) 258-9475   Email: MailGuard('david.chan','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 … Read more

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VersaPay To Provide Payment Solutions For SiteScout / Centro in the United States http://www.versapay.com/press-releases/versapay-to-provide-payment-solutions-for-sitescout-centro-in-the-united-states/ http://www.versapay.com/press-releases/versapay-to-provide-payment-solutions-for-sitescout-centro-in-the-united-states/#comments Tue, 23 Sep 2014 18:11:57 +0000 http://www.versapay.com/?p=11042 Toronto, ON – September 17, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces the expansion of its payment solutions relationship with SiteScout into the United States. Chicago-based Centro Inc. recently acquired SiteScout, who has been a VersaPay customer since 2011, providing VersaPay the opportunity to migrate and expand their payment solution for SiteScout into the U.S.

“Since SiteScout’s inception four years ago, VersaPay has been a great partner, helping us make our technology accessible to online advertisers of all sizes,” said Terry Taouss, Managing Director of SiteScout. “As our business has scaled, we’ve required more complex business logic, and back-office payment integrations and certifications. The VersaPay team has provided fantastic support to ensure that we experience zero business downtime, as well as strategic counsel to drive the most effective payment processing for our needs.”

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software.

VersaPay is headquartered in Toronto, Canada, and has operations in Montreal and New York.

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

For additional information about this news release please contact:

David Chan, Chief Financial Officer, VersaPay Corporation
Telephone: (647) 258-9475   Email: MailGuard('david.chan','versapay.com')

Forward Looking and Other Cautionary … Read more

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VersaPay Corrects Error in Option Announcement http://www.versapay.com/press-releases/versapay-corrects-error-in-option-announcement/ http://www.versapay.com/press-releases/versapay-corrects-error-in-option-announcement/#comments Tue, 23 Sep 2014 18:10:31 +0000 http://www.versapay.com/?p=11040 Toronto, ON – September 5, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, wishes to correct an error that was made in its news release on May 29, 2014 (the “Release”) regarding a grant of stock options. The Board of Directors of the Company approved a grant of 600,000 incentive stock options under its share option plan to various directors and employees, not the 500,000 originally included in the Release. All other details of the option grant contained in the Release, including the exercise price and expiry date, are correct.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or bank account payments and reconcile payments in real time using their current accounting software.

VersaPay’s head office is located in Toronto, Canada, and also offers traditional credit and debit card acceptance services through its Merchant Services division in Montreal, Quebec. VersaPay’s U.S. division is headquartered in New York.

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

For additional information about this news release please contact:

David Chan, Chief Financial Officer, VersaPay Corporation
Telephone: (647) 258-9475   Email: MailGuard('david.chan','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. … Read more

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VersaPay Grants Options to Mesher http://www.versapay.com/press-releases/versapay-grants-options-to-mesher/ http://www.versapay.com/press-releases/versapay-grants-options-to-mesher/#comments Thu, 28 Aug 2014 19:28:41 +0000 http://www.versapay.com/?p=10985 Toronto, ON – August 22, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces the grant of 200,000 incentive stock options under its share option plan to Art Mesher in conjunction with his appointment as Chairman of the Board of Directors on August 20, 2014. The options are exercisable at a price of $1.00 per share on or before August 20, 2019, subject to the approval of the TSX Venture Exchange and applicable hold and Company vesting periods.

About VersaPay

VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or bank account payments and reconcile payments in real time using their current accounting software. VersaPay’s head office is located in Toronto, Canada, and also offers traditional credit and debit card acceptance services through its Merchant Services division in Montreal, Quebec. VersaPay’s U.S. division is headquartered in New York.

More information about VersaPay can be found at www.versapay.com. For additional information about this news release please contact:

David Chan, Chief Financial Officer, VersaPay Corporation Telephone: (647) 258-9475 Email: MailGuard('david.chan','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”, … Read more

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Art Mesher Appointed Chairman of VersaPay’s Board of Directors http://www.versapay.com/press-releases/art-mesher-appointed-chairman-of-versapays-board-of-directors/ http://www.versapay.com/press-releases/art-mesher-appointed-chairman-of-versapays-board-of-directors/#comments Thu, 21 Aug 2014 21:36:08 +0000 http://www.versapay.com/?p=10976 August 21, 2014 -  VersaPay Corporation (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, announces the appointment of Art Mesher as Chairman of the Board of Directors (the “Board”), replacing Jason Gurandiano, who is stepping off the Board, effective August 20, 2014. Mr. Gurandiano was the longest serving member of VersaPay’s Board, having been appointed in October of 2007, and played an instrumental role in building the Company.  The Board wishes to thank Mr. Gurandiano for his contributions to the Company’s development and wishes him every success in the future.

About VersaPay
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes.  VersaPay’s Arc and ArcPay software-as-a-service offerings allow businesses to easily deliver customized electronic invoices to their customers, to accept credit card or bank account payments and reconcile payments in real time using their current accounting software.

VersaPay’s head office is located in Toronto, Canada, and also offers traditional credit and debit card acceptance services through its Merchant Services division in Montreal, Quebec.  VersaPay’s U.S. division is headquartered in New York.


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 Read more

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VersaPay Announces AGM Results http://www.versapay.com/press-releases/versapay-announces-agm-results/ http://www.versapay.com/press-releases/versapay-announces-agm-results/#comments Fri, 06 Jun 2014 17:42:31 +0000 http://www.versapay.com/?p=10875 Toronto, ON – May 29, 2014 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce the election of its board of directors from its Annual General and Special Meeting of Shareholders, held on May 28, 2014.

Shareholders elected Jason Gurandiano (Chairman), Wendy Porter, the Honourable David Peterson, Eleanor Chiu, Brian Kyle, Arthur Mesher, and Craig O’Neill (CEO).

“I would like to thank our shareholders and other attendees for their show of support at this year’s AGM,” said Jason Gurandiano, Chairman of the Board of VersaPay. “I would also like to officially welcome Art Mesher to VersaPay’s Board. Art’s business and cloud-computing acumen make him a valuable addition to the Board, especially as VersaPay grows into a leading cloud- based payment technology company.”

Officers

The Company also announces the re-appointment of its current senior officer team, consisting of:

Screen Shot 2014-06-06 at 1.38.29 PM

Committees

The Board of Directors appointed its Audit Committee for the coming year, consisting of Brian Kyle (Chair), Wendy Porter, Eleanor Chiu and Art Mesher.

The Company also constituted a new Corporate Governance, Compensation and Nominating Committee for the coming year, consisting of Art Mesher (Chair), Jason Gurandiano, David Peterson and Wendy Porter.

Options

The Company also announces the grant of incentive stock options to various employees of the Company to purchase up to 500,000 common shares in the capital stock of the Company under its share option plan. The options are exercisable at a price of … Read more

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