Ricoh Canada and VersaPay Announce Strategic Relationship to Deliver Integrated Invoicing and Accounts Receivable Solution

December, 6, 2016

 Toronto, ON – December 6, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced a strategic relationship with Ricoh Canada. As part of the agreement Ricoh will be marketing VersaPay ARCTM to their customer base extending the breadth and depth of Ricoh’s digital solution portfolio. “Our focus at Ricoh is to continue to enhance the customer experience with the services we offer. VersaPay’s AR solution allows us to offer a wide range of invoicing and payment options, making it easier for our customers to automate their accounts receivable processes and better collaborate with their end customers,” commented Richard Perri, SVP of Services & CFO,...

VersaPay Announces Q3 2016 Financial Results

November, 29, 2016

TORONTO-Nov. 29, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receiv­able management and payment solutions, today announced the Company’s third quarter (Q3) financial results for the three-month period ended September 30, 2016. “We are very pleased with the growth in both our Software and Merchant Services businesses,” said Craig O’Neill, CEO of VersaPay. “In particular, our software revenues grew by more than 72% as suppliers and their customers come online and increase their use of the ARCÔ platform. Notably, as customers become accustomed to transacting online we are seeing the volume of payments processed on ARC™ rise rapidly, with $21.3 million in payments made in the quarter, a 50% increase in total payments...

VersaPay Enters Definitive Agreement for Sale of Merchant Services Portfolio

November, 29, 2016

Toronto, ON – November 29, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), is pleased to announce that it has entered into a definitive asset purchase agreement (the “Agreement”) with BluePay Canada, LLC, a wholly owned subsidiary of BluePay Processing LLC (“BluePay”) for the sale of all of the assets of its Merchant Services portfolio (the “Transaction”). Under the terms of the Agreement, VersaPay will sell, free of any encumbrances, all of the assets that comprise VersaPay’s Merchant Services portfolio for cash consideration of C$10,000,000 payable on closing of the Transaction. On closing of the Transaction, $500,000 will be paid into an escrow account and held in escrow for a period of 12 months. An additional C$1,000,000...

VersaPay Announces Q3 2016 Financial Results Conference Call

November, 17, 2016

TORONTO- Nov. 17, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), will release its third quarter results for 2016 on Tuesday, November 29, 2016 after market close. The Company will subsequently hold a conference call on Wednesday, November 30, 2016 at 9:00 AM Eastern Time hosted by Craig O’Neill, Chief Executive Officer, and Harp Gahunia, Chief Financial Officer. A question and answer session will follow the corporate update. CONFERENCE CALL DETAILS Date: Wednesday, November 30, 2016 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: 52934466 Recording Playback Numbers: Toronto (+1) 416 764 8677 Toll Free – North America (+1) 888 390 0541...

VersaPay to Present at StableView Asset Management TECH16 Conference

October, 11, 2016

TORONTO- Oct. 11, 2016– VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), is pleased to announce that the Company’s Chief Financial Officer Harp Gahunia and Vice President of Marketing John McLeod will present at the StableView Asset Management TECH16 Conference on Tuesday, October 18, 2016. Mr. Gahunia and Mr. McLeod will provide a corporate update on the Company’s performance and participate in a Q&A session at 10:00am EDT. The conference is being held at the Arcadian Loft, located at 401 Bay Street, Simpson Tower, 8th floor. About VersaPay VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay’s ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept...

VersaPay Announces Director and Officer Appointments

August, 25, 2016

TORONTO, Aug. 25, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), is pleased to announce the appointment of Tim Stanley to its Board of Directors (the “Board”) effective immediately, subject to regulatory approval. “We are delighted that Tim is joining our board of directors today,” said Art Mesher, VersaPay Chairman.  “Tim’s experience building software companies and developing third-party sales channels is very timely for the Company, and will enable him to bring valuable insight and advice to the Board and the management team.” Tim Stanley, SVP & Country Manager of BackOffice Associates Canada, continues to be recognized as an industry expert in Enterprise Software, Cloud Applications, and Data Management. During his leadership tenure with Informatica from 1999 to 2008,...

VersaPay Announces Q2 2016 Financial Results

August, 23, 2016

Toronto, ON – August 23, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced the Company’s second quarter (Q2) financial results for the three-month period ended June 30, 2016. During this reporting period the Company achieved record revenues in both of its lines of business in the quarter. “In addition to strong performance from our Merchant Services business, we continue to see more and more organizations benefiting from ARCTM, our accounts receivable solution, as is evident by the 79% year over year growth in revenue from our software business,” said Craig O’Neill, CEO of VersaPay. “Our focus continues to be on adding companies and...

VersaPay To Provide Torani With Accounts Receivable Automation Solution

August, 10, 2016

San Francisco, CA ; Toronto, ON – August 10, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that R. Torre & Company, maker of the iconic Torani brand flavouring syrups, has chosen VersaPay ARCTM as the platform to automate its invoice-to-cash processes. “We ship our products all over the globe and are growing rapidly so we have to be progressive in automating processes to keep up with demand. The VersaPay platform allows us to offer our customers self-service options to provide them with greater flexibility to review their account with us and make payments 24/7,” said Sylvie Mwila-Jonath, Head of Information Technology at...

VersaPay Highlights The Latest ARC Performance Metrics

July, 20, 2016

Toronto, ON – July 20, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today provided investors with an updated view into how the Company has grown thus far in 2016.There are now 70 suppliers signed on to use ARCTM, the Company’s accounts receivable automation platform, up from 43 suppliers in April. 34 of these suppliers are mid to large enterprise customers using the full version of ARC™ including a Versapay connector that integrates with their ERP system 36 are small businesses using ARC Lite, the standalone version of the service which allows manual invoice creation and automatic generation of recurring invoices within the system 55...