VersaPay Announces Q2 2019 Financial Results

August, 7, 2019

– Revenues grow 88% year over year to $2.18 million in quarter –   Toronto, ON – August 7, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated collections and cash application, today announced its financial results for the three and six-month periods ended June 30, 2019. “I’m pleased to announce that VersaPay continued its strong growth for a third consecutive quarter, with total revenues increasing 88% year-over-year to $2.18 million,” said Craig O’Neill, CEO of VersaPay. “ARCTM continues to be our primary growth driver with growth of 156% year-over-year to $1.66 million. Our recurring business (ARR) is approximately $7.50 million at the end...

VersaPay Signs Multibillion-Dollar Media Company

July, 30, 2019

Toronto, ON – July 30, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that a multibillion-dollar US based media company has selected ARCâ to automate its invoice-to-cash process. The client sought a solution that would provide a superior customer experience in an online environment. After recognizing the challenges of developing in-house software to meet its AR process needs, drive strong customer engagement, and provide highly secure payment processing, the client discovered VersaPay’s technology and its proven track record of driving customer adoption levels of 80% or more.  With ARC, the client can now offer a...

VersaPay Announces Q2 Financial Results Conference Call

July, 29, 2019

Toronto, ON – July 29, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), will release its second quarter 2019 financial results ended June 30, 2019 on Wednesday, August 7th, 2019 after market close. The Company will subsequently hold a conference call on Thursday, August 8th, 2019 at 9:00 AM Eastern Time hosted by Craig O’Neill, Chief Executive Officer, and Shouvik Roy, Chief Financial Officer. A question and answer session will follow the corporate update. Conference Call Details: Date: Thursday, August 8th, 2019 Time: 9:00 AM Eastern Time Participant Dial-in Numbers: Local – Toronto (+1) 416 764 8609 Toll Free – North America (+1) 888 390 0605 Conference ID: 21755530 Recording Playback Numbers: Toronto (+1) 416 764 8677...

Simplifying Acceptance of Virtual Cards for Businesses Everywhere

July, 9, 2019

Mastercard Works with VersaPay to Introduce Virtual Card Receivables Service to Help Suppliers Effectively and Efficiently Reconcile B2B Payments Purchase, NY; Toronto, ON  – July 9, 2019 – Companies around the world are benefiting from digitizing aspects of their business operations, but for many companies, managing incoming payments from customers can be a labor-intensive challenge. That’s why, today, Mastercard is launching a Virtual Card Receivables Service, a way to digitize the reconciliation of virtual card payments for businesses of all sizes. The Virtual Card Receivables Service will aggregate information from Mastercard Issuers related to Virtual Card payments by their corporate customers and compile it into one comprehensive file, available in a digital format that is preferred by suppliers, including...

VersaPay Hosts Inaugural Client Advisory Board for Commercial Real Estate

June, 13, 2019

New York, NY ; Toronto, ON – June 13, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it hosted its inaugural Client Advisory Board for Commercial Real Estate (CRE) this week in NewYork City. Numerous thought leaders from commercial real estate organizations across the US and Canada participated as well as a number of executives from VersaPay and key partners. Participants discussed the future of the Invoice-to-cash process in CRE and how to advance next generation communications and electronic payments. Most notably, the importance of the tenant experience was the main topic of conversation...

VersaPay to Present at Fintech Conference Hosted by Credit Suisse in NYC

June, 6, 2019

New York, NY ;  Toronto, ON – June 6, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that CEO Craig O’Neill will present at an exclusive Fintech Conference hosted by Credit Suisse. As part of the event Mr. O’Neill will be participating on a panel of distinguished speakers discussing the current state of B2B transactions and trends for the future. Participants at the conference include several dozen fintechs and prominent investors from across the US. This event underscores the US investment community’s interest in the Integrated B2B Payments space and VersaPay’s growing success in it....

VersaPay Adds Large Drainage Company to Expanding Client Portfolio

June, 5, 2019

Toronto, ON – June 5, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has signed an agreement with a billion dollar drainage enterprise (“The Client”) who will use ARC® to support its invoice-to-cash process. The Client was seeking a fluid and easy to use end-to-end platform to manage its receivables operations and selected VersaPay over its largest competitor after a thorough evaluation process. ARC was seen to be a game changer in advancing the experience the client could provide to its customers. In addition to the superior functionality offered by the platform, the...

VersaPay Signs Large Retail REIT as Newest ARC Client

May, 16, 2019

Toronto, ON – May 16, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that it has signed another major US REIT to add to its growing client list in commercial real estate. With properties across the US, the client sought a solution that would drive strong tenant adoption and convert its high volume of check payments to digital. Versapay ARC creates an online payment experience for tenants that is convenient, secure, and if the tenant chooses, fully automated. VersaPay’s deep experience with MRI integrations further solidified the client’s choice to move online with ARC. “Our...

VersaPay CEO to Present at IMN’s Annual Real Estate Forum

May, 10, 2019

Toronto, ON – May 10, 2019 – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, is pleased to announce that CEO Craig O’Neill will participate on a panel at IMN’s Annual Real Estate CFO & COO Forum in Santa Monica, California. The session is called The Ins and Outs of Outsourcing. The conference takes palce May 16th and May 17th 2019 with Mr. O’Neill speaking at 2:20pm PST, May 16th. About IMN’s Annual Real Estate Forum Every year, the forum provides unmatched opportunities for attendees to expand their knowledge from sessions focused on the latest trends in accounting, regulations and technology,...