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...

VersaPay Selected by Terradatum for Accounts Receivable Automation Solution

June, 14, 2016

Glen Ellen, CA ; Toronto, ON – June 14, 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 it has been selected by Terradatum Inc., to supply ARCTM it’s cloud based invoicing and accounts receivable automation platform. Terradatum Inc. provides real estate technology software solutions. “Since 1989, Terradatum has been working with real estate companies across North America, assisting them to gain deeper insights into the markets they serve with our BrokerMetrics® suite and other analytic services we offer. That in turn has resulted in our own rapid growth, so we look to technology solutions to help us scale in an efficient and...

VersaPay Announces Q1 2016 Financial Results

May, 25, 2016

– Solutions Business Grows by 85% Year over Year –Toronto, ON – May 25, 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 first quarter (Q1) financial results for the three month period ended March 31, 2016. “We are very pleased with the increase in the number of newly signed suppliers on the ARCÔ platform as well as the growth in use from established customers resulting in an 85% increase in revenue compared to this time last year,” said Craig O’Neill, CEO of VersaPay. “In the first three months of this year, we closed 17 new deals while continuing to expand the pipeline for new...

Video: Craig O’Neill on BNN

May, 21, 2016

Craig O’Neill, Chief Executive Officer, VersaPay, joins BNN to discuss opportunities on the horizon in the business-to-business electronic payment market.

VersaPay Announces Q1 2016 Financial Results Conference Call

May, 18, 2016

Toronto, ON – May 18, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”),  will release its first quarter results for 2016 on Wednesday, May 25, 2016 after market close. The Company will subsequently hold a conference call on Thursday, May 26, 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: Thursday, May 26, 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: 56124394 Recording Playback Numbers: Toronto (+1) 416 764 8677 Toll Free – North America (+1) 888...

VersaPay Completes SOC1 and SOC2 Compliance Audits for Service Providers

May, 17, 2016

Toronto, ON – May 17, 2016 – 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 it has successfully completed both a Service Organization Control 1 Audit (SOC1) and an Service Organization Control 2 Audit (SOC2), as it continues to expand its compliance regime as a SaaS provider of accounts receivable automation. This provides an additional level of assurance to VersaPay customers that the Company proactively strives to exceed industry standards for security. “We are pleased to have completed our Service Organization Control 1 and 2 audits – which, in combination with our annual PCI Level 1 Service Provider compliance, advances our security...

VersaPay Corporation Announces Closing of Bought-Deal Financing and Full Exercise of Over-Allotment Option

May, 13, 2016

Toronto, Ontario – May 13, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), is pleased to announce that it has closed its previously announced short form prospectus offering (the “Offering”) of 4,600,000 common shares of the Company (the “Common Shares”) at a price of $1.00 per share (the “Issue Price”), which includes 600,000 Common Shares issued pursuant to the exercise of the over-allotment option in full, for gross proceeds of $4,600,000. The Offering was underwritten by a syndicate of underwriters led by Haywood Securities Inc. and includes Cormark Securities Inc. and PI Financial Corp. (collectively, the “Underwriters”). In consideration for their services, the Underwriters received a cash commission equal to 7.0% of the gross proceeds of the...

VersaPay Making Headlines in Times Square

April, 30, 2016

Our recent press release is making headlines in Times Square! NEWSCYCLE Solutions is now live on our cloud-based AR automation solution and the recent announcement is big news in the Big Apple. Read more here.