Sun City Group Goes Live on VersaPay’s Accounts Receivable Automation Platform

February, 2, 2016

Toronto, ON – February 2, 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 Sun City Group, based in El Paso, Texas, is now live on ARC™, the company’s automated accounts receivable platform.

AR Automation Brings Big Benefits to Sihl Corporation

February, 1, 2016

While accounts receivable (AR) departments are looking into automation solutions for their processes, they have a long way to go until they achieve end­-to­-end processing. In the report The Power of AR Automation, Paystream Advisors points out that many AR departments are still using inefficient, manual receivables and payment processing systems that are expensive, unreliable, and overly complex. The report maintains, however, that AR automation is now within reach for most organizations. Cloud­based AR automation solutions reduce costs and build an easily traversed bridge between one company’s AR and another’s AP. The many benefits of AR automation, according to Paystream Advisors and other researchers, include . . . Accelerated cash flow; Reduced days sales outstanding (DSO); Elimination of printing...

VersaPay Receives Revenu Quebec Reassessment Proposal

January, 28, 2016

Toronto, ON – January 28, 2016 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), received proposal letters (the “Proposals”) from Revenu Quebec (“RQ”) in which RQ is proposing to reassess VersaPay under various rules contained in the Excise Tax Act and the Quebec Sales Tax Act in relation to the Company’s 2008 to 2014 tax years (the “Relevant Taxation Years”). The potential for the proposed reassessments has been anticipated and has been previously disclosed by the Company. The Proposals outline RQ’s positions that the Company owes GST/HST of $2.3 million (before interest) and Quebec Sales Tax of $1 million (including interest and penalty). The issuance of the Proposals does not require the Company to pay any amount to...

VersaPay CEO to Present at the Cantech Investment Conference

January, 21, 2016

Toronto, ON – January 21, 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 its CEO Craig O’Neill will be presenting at the Cantech Investment Conference on January 26th at 2:30PM EST.The conference will be held at the Toronto Metro Convention Centre from 8:00 AM to 6:00 PM EST. VersaPay staff will be available at booth 203 throughout the day. “We are delighted to be able to share our story with the audience at Cantech,” said Craig O’Neill, CEO of VersaPay. “While 2015 saw its ups and downs in the marketplace, we were able to build our customer base and grow...

The Children’s Wish Foundation of Canada Selects VersaPay for Credit Card Payment Solution

January, 19, 2016

Toronto, ON – January 19, 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 The Children’s Wish Foundation of Canada has selected VersaPay to provide their credit card payment solution to accept donations. “In order to achieve our foundation’s mission – Making heartfelt wishes come true, we rely on great partners like VersaPay to help us serve more children,” stated Vinh Nguyen, CFO for Children’s Wish Foundation. “By working with VersaPay, we are able to put an even greater percentage of our donation dollars to work, and at the same time we are receiving excellent reporting capabilities as well as support from VersaPay...

VersaPay Announces Latest Metrics on Accounts Receivable Automation Platform

December, 15, 2015

Toronto, ON – December 16, 2015 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced its latest metrics on ARC, its cloud-based accounts receivable platform.

U.S. Commercial Real Estate Firm Brixmor Property Group Goes Live on VersaPay’s Cloud-Based Accounts Receivable Solution

December, 8, 2015

Toronto, ON; New York, NY – December 8, 2015 – 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 Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor”), a leading U.S. retail commercial real estate investment trust (REIT), has become an ARCTM customer. Brixmor owns and operates America’s largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 500 properties strategically located across 38 states. “We were looking for a platform that would enhance communications with our customers as well as provide more payment options for our tenants,” said Dennis Hanifan, Vice President, Application Systems with Brixmor. “Given the scale of our...

VersaPay Selected As One of Twenty Most Innovative Public Canadian Tech Companies

November, 10, 2015

VersaPay Selected As One of Twenty Most Innovative Public Canadian Tech Companies Toronto, ON – November 10, 2015 – 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 as one of the twenty most innovative public Canadian technology companies for 2015 by the Canadian Innovation Exchange and Stockhouse. As part of the award the Company’s Chief Executive Officer, Craig O’Neill will present at the CIX Public Investor Day Conference on Wednesday, November 18, 2015 in Toronto. Mr. O’Neill will provide an overview of the Company’s groundbreaking work that has garnered this recognition. The event takes place from 1:00-5:00 pm on November...