VersaPay Receives Shareholder Approval for Sale of Merchant Services Business

January, 10, 2017

TORONTO, Jan. 10, 2017 /CNW/ – 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 the previously announced sale of its Merchant Services portfolio to BluePay Canada, ULC (“BluePay”) (the “Transaction”) has been approved by the holders of common shares of VersaPay (“Shareholders”). Shareholders approved the Transaction at the Special Meeting of Shareholders on January 10, 2017, with 99.53% voting in favour, well surpassing the 66.67% necessary to approve the Transaction. The Company has also received conditional approval from the TSX Venture Exchange for the Transaction. “We would like to thank our shareholders for their support in backing the company’s strategy to pursue the...

Ricoh, Built On Paper, Cultivates A Digital Presence in B2B Payments

January, 9, 2017

Like other corporations in its field, Ricoh made a name for itself over the decades helping corporations manage the mounds of paperwork they produce and manage. For Ricoh, that meant developing printers, copiers and, later, scanners to digitize some of those documents. According to Laura McGowan, director of services marketing at Ricoh Canada, the company has had to pivot its outlook on paper as companies digitize processes like invoicing and accounts receivable. “It’s almost ironic: At Ricoh, we’ve been proponents in creating, or assisting in the creation through our copier and printer business over the years, of paper,” she recently told PYMNTS. “So, what the reset for Ricoh is is: How can we help, using the hardware that we already...

Ricoh Canada Launches e-Invoice Presentment & Payment Service

January, 3, 2017

TORONTO , Jan. 3, 2017 /CNW/ – Ricoh Canada Inc. today announced the release of their e-Invoice Presentment & Payment Service – a powerful new solution designed to help customers rapidly gain new efficiencies through the delivery of digital bills and invoices to their customers and suppliers. Through the e-Invoice Presentment & Payment Service, customers are able to leverage Ricoh’s expertise in Business Process Outsourcing, Business Information scanning centers and strategic partnerships to create a customized e-solution that integrates to their existing AP and AR processes. A comprehensive mapping of their complete internal process means customers can transition easily from print through e-presentment and payment, achieving real and ongoing savings along the way. Common challenges such as resending misplaced or...

VersaPay’s Accounts Receivable Automation Solution Chosen by ic! berlin

December, 13, 2016

Toronto, ON – December 13, 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 ic! berlin to provide ARCTM its cloud based invoicing and accounts receivable automation platform. “ic! berlin was founded on the value that innovation can bring to an established market like designing and manufacturing glasses and sunglasses. Along that same vein we are introducing innovative new approaches to our financial operations and enhancing our customers’ experience by integrating the VersaPay solution with our SAP implementation,” noted Tanja Weindling, the GM for ic! berlin US Operations. “VersaPay ARC enables us to offer self-service and collaborate more...

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...