July 14, 2009

VersaPay announces Alliance of Beverage Licensees (ABLE BC) relationship

VersaPay, a Canadian processor of credit, debit and gift/loyalty card transactions, announced its partnership with the Alliance of Beverage Licensees (ABLE BC) to offer its members preferred merchant processing rates. Both Vancouver-based organizations recognized an opportunity to assist British Columbia businesses affected by increasing credit and debit card acceptance costs and for alternative payment options to their suppliers.

“Canadian businesses are looking to control costs and maximize profits, especially in the midst of a slowdown in consumer spending and rising credit card acceptance fees. VersaPay is proud to partner with associations such as ABLE BC to offer preferred rates of processing for Visa, MasterCard and Interac to its membership,” says Kevin Short, Executive VP at VersaPay. “In addition, ABLE BC members will receive preferred pricing on VersaPay’s proprietary VersaEFT (Flex-EFT) payment system to conduct business-to-business financial transactions.”

In the wake of recent credit card merchant account fee increases from the major payment processors in Canada, VersaPay has extended preferential rates to all of ABLE BC members in good standing.

“ABLE BC has been working with VersaPay to provide our members lower rates for accepting credit/debit cards at their place of business and discounts for members that use VersaPay as a payment method for Brewers Distributor” comments Kim Haakstad, Executive Director of ABLE BC.

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About Alliance of Beverage Licensees (ABLE BC)

ABLE BC is the industry advocate for issues affecting pubs, bars and private liquor stores throughout the province. ABLE BC works with industry stakeholders and members to ensure a responsible liquor industry.

For more information about ABLE BC and the benefits of becoming a member, visit http://www.ablebc.ca.

About VersaPay

VersaPay is a 100% Canadian and independently-owned payment processor, handling all elements of both credit and debit card merchant and online payment processing. A host of merchant account services, the highest-quality point of sale terminals, and proprietary financial technology solutions such as VersaEFT and the VersaCard, are offered to businesses of any size or industry. VersaPay makes “one stop” merchant payment services a reality for its clients, with an increase to VersaPay’s clients’ bottom line guaranteed.

To learn more about VersaPay’s selection of credit, debit, enterprise and online solutions, visit http://www.versapay.com.

For more information contact Michael Gokturk, Chief Executive Officer of VersaPay Corporation
T: (604) 909-9850 | F: (604) 678-3538