Flight Network, Canada’s Second Most Visited On-line Travel Site, Selects VersaPay
TORONTO, ON – May 18, 2011– VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a provider of merchant credit, debit and VersaPay EMT solutions, today announced that it has entered into an agreement to provide Flight Network, Canada’s second most visited on-line travel site, with credit card processing services. Under the terms of the agreement, VersaPay will provide Flight Network with e-commerce credit card processing solutions.
“We are pleased to be able to further expand our travel industry relationships by partnering with Flight Network,” said Patrick MacDonald, President of VersaPay. “We look forward to seamlessly delivering a customized, e-commerce credit card processing solution to one of the leaders in the Canadian travel industry.”
Naman Budhdeo, CEO of Flight Network added, “We are very pleased to be working with an organization that has a deep understanding of the travel industry.”
Specific terms of the deal were not disclosed.
VersaPay’s financial technology enables businesses and consumers across Canada to accept and process credit, debit and gift card transactions. As a payment services and financial technology company serving more than 2,500 Canadian businesses, VersaPay, in conjunction with its partners, provides the hardware, technology, infrastructure and support services that businesses of all types require to accept and process electronic payments from their consumers and clients.
While its core business is credit card processing services, VersaPay also provides enhanced financial technology solutions such as VersaPay Email Money Transfer – the Company’s proprietary Electronic Bill Presentment and Payment solution – which enables merchants and consumers to easily transact with one another.
VersaPay is headquartered in Toronto, Canada and has operations in Vancouver and Montreal.
About Flight Network
Based in Oakville, Ontario and founded in 1998 by current CEO Naman Budhdeo, Flight Network is Canada’s second most visited online travel agency. With a staff of over 150