VersaPay Achieves Major Milestone With 100 Clients On ARC

May, 10, 2017

Toronto, ON – May 10, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that ARCTM is achieving new milestones in the number of companies doing business on the platform and the volume of invoices and payments being managed. As of the end of April VersaPay has 100 clients signed up to use ARC including 50 mid to large sized companies using the enterprise version and 50 small businesses on ARC Lite. About 47,000 end customers are now active on the platform, up almost 18,000 customers or 61% since the beginning of 2017 and up 28,000 customers or 145% since a year ago. ARC...

The Denver Post Selects VersaPay’s Invoice To Cash Automation Solution

May, 3, 2017

Denver, CO ; Toronto, ON – May 3, 2017 – 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 The Denver Post to provide ARC™ it’s cloud based invoicing and accounts receivable automation platform. “The Denver Post is among the top 10 largest newspapers by circulation in the U.S. We have achieved this status by continuously striving to advance our offerings for our customers as we have done with the VersaPay solution,” noted Justin Mock, CFO of The Denver Post. “By working with VersaPay we are able to provide our customers with greater flexibility, by offering a range of payment...

VersaPay Announces Q4 and Full Year 2016 Financial Results

April, 25, 2017

– Software Revenue Grows by 71% Year over Year – Toronto, ON – April 25, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced fourth quarter (“Q4”) financial results for the three and twelve-month periods ended December 31, 2016. “With the sale of our POS Merchant Services business in January, this is the first time we are reporting our results as a pure cloud-based software company in the fintech space,” said Craig O’Neill, CEO of VersaPay. “We are pleased with the healthy level of growth in ARC™ revenues, up 71% year over year with 90 suppliers signed on to the platform and 73 live...

McLeod Software Goes Live On VersaPay ARC To Provide Invoicing & Accounts Receivable Automation Solution

April, 19, 2017

Birmingham, AL ; Toronto, ON – April 19, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced McLeod Software (McLeod) is live on the ARC™ platform. McLeod, which has developed an ERP platform for the trucking and logistics industry, is one of the largest and fastest growing industry ERP providers in North America. “Our accounting staff finds great value in VersaPay’s solution as it enables a more efficient invoicing and AR process; It also provides our customers with better information and an enhanced payment experience,” said Kasey Burleson, CFO at McLeod Software. “Our team is particularly proud of winning McLeod’s business as they are a premier...

VersaPay Chosen by PREIT for Tenant Portal and Accounts Receivable Solution

April, 11, 2017

Philadelphia, PA; Toronto, ON – April 11, 2017 – 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 chosen by PREIT to provide its industry leading tenant portal and payment solution to support PREIT’s commercial real estate operations. “As the landlord for some of the leading retail brands in the US we strive to support our tenants with innovative technology to help them achieve success,” stated Bradford Hughart, Vice President, Information Technology at PREIT. “Following an extensive evaluation process, we selected VersaPay ARCTM as the platform to provide an easy-to-use portal that allows our tenants to view their invoices and make payments...

VersaPay ARC™ Achieves Oracle Validated Integration with Oracle’s JD Edwards EnterpriseOne

March, 14, 2017

San Francisco, CA ; Toronto, ON – March 14, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration of VersaPay ARC™ with Oracle’s JD Edwards EnterpriseOne 9.2. Enterprise clients can make their customers happy and enable faster payments by deploying VersaPay ARC to automate their invoice to cash process. To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of customers. The integration of VersaPay ARC with JD Edwards EnterpriseOne helps ensure that clients experience seamless automation of their invoice-to-cash process, eliminating dozens of tasks, minimizing error rates...

Intuit Goes Live On VersaPay ARC to Automate Its Invoice-to-Cash Process

February, 15, 2017

San Diego, CA ; Toronto, ON – February 15, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that Intuit Inc. has implemented VersaPay ARC™ for select small business and accountant customers. The service allows the company’s customers that primarily pay Intuit on a net term basis to use a self-serve portal and pay online 24/7. This improves Intuit’s collection tools and gives them the flexibility to better manage their invoice to cash cycle. “One of our strategic initiatives was to create a better collaboration and payment experience for thousands of our small business and accountant customers,” stated Scott Beth, vice president of finance operations...

VersaPay Announces Closing of Sale of Merchant Services Business

February, 2, 2017

TORONTO, Feb. 1, 2017 – 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 the completion of the previously announced sale of all of the assets and property related to the Company’s Merchant Services business (the “Transaction”) to BluePay Canada, ULC (“BluePay”). In connection with closing of the Transaction, VersaPay has received $10,000,000 in cash, of which $500,000 has been placed in an escrow account for 12 months to cover potential purchase price adjustments and other potential liabilities for which BluePay is indemnified. An additional $1,000,000 will be payable to VersaPay 12 months following closing of the Transaction, conditional upon achievement of 5% growth in...

Transport Logistics Goes Live On VersaPay ARC™

January, 18, 2017

  Oak Creek, WI ; Toronto, ON – January 18, 2017 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that Transport Logistics is now live on VersaPay ARC™ automating their invoice to cash cycle. “We are constantly looking to enhance our operations in an effort to be more efficient and to improve our customers’ experience,” stated Keli Backes, Executive Vice President, Transport Logistics. “Using the VersaPay platform enables our customers to retrieve their proofs of delivery, which allows us to be much more effective at scaling our operational capacity without adding headcount.” “As we continue to acquire forward thinking customers like Transport Logistics, we see...