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payments company
Payfirma, which was the first in Canada to deploy mobile payments on smartphones. In September 2013, Versapay announced the departure of Bill McGill as CEO. Craig O'Neill, previously the co-founder and CEO of Xeye (sold to Odyssey Financial Technologies) - was appointed CEO of Versapay.
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After completing the sale of its merchant services division in 2017, Versapay became focused on offering its
Accounts Receivable SaaS solution - Versapay ARC, and started onboarding enterprise accounts on its platform throughout North America. Versapay announced in July 2017 that Royal Bank of Canada
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In May 2010, shortly after the company's successful IPO on the
Toronto Stock Exchange, the founder and CEO Michael Gokturk was abruptly replaced by the board of directors. Bill McGill, the company's CFO at the time, assumed the role of CEO. Michael Gokturk resurfaced in January 2011 to launch his new
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January 2017, Versapay received shareholder approval for the sale of its
Merchant Services division for proceeds up to $ 11,000,000. As part of this transition, BluePay (the purchaser) has acquired the Montreal office and its staff (except for Patrick MacDonald who has been in the President position
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In
November 2012, Versapay signed a marketing agreement with MasterCard International. This partnership gave merchants using Versapay's proprietary platform preferential pricing in an effort to help drive new credit card usage in markets traditionally limited by low margins and that was historically
420:, Discover, JCB, Interac Direct Debit and Interac Online. Versapay began to use the Chase name when marketing Versapay to clients in order to increase the assurance and reliability of Versapay's products. After building up enough reputation, Versapay stopped using the Chase name only one year later.
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In 2009, Canadian
Business Magazine named Versapay Corporation the fastest growing company in Canada. Revenue for Versapay had grown from $ 50,000 in 2006 to $ 5.1 Million in 2008, processing an estimated $ 230 Million in 2008 from over 2800 clients, by 2013 - Versapay was processessing in excess of
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In
February 2020, Versapay Corporation partnered with Great Hill Partners (Great Hill), a Boston-based leading private equity firm focused on development. This relationship reflects a continued dedication to promoting the growth of SaaS-enabled businesses, and will include the tools required by the
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In May 2013, Versapay announced a referral and processing agreement with TD Merchant
Services, an operating division of TD Bank. This relationship allowed Versapay to process business-to-business electronic payment methods on Versapay's cloud-based payment processing service. The service is to be
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Versapay
Corporation was founded in 2006 by Michael Gokturk and Kevin Short. Versapay began accepting clients in 2007 as it set up the company's headquarters in Vancouver, BC. Versapay began to diversify its client-base by introducing a new proprietary payment processing solution for both B2B
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In
February 2008, Versapay acquired a 75% interest in Positive Inc., a wireless payment technology provider, to offer this option to their clients. In June 2010, Versapay agreed to sell its ownership in Positive Inc. back to the company in return for shares in Versapay.
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In July 2020, Versapay reported the appointment to its Executive Leadership Team of three new members. Keith Reed became a Chief Sales Officer, Bob Stark succeeds as Chief Marketing Officer (CMO) and Philip Pettinato becomes Chief Technical Officer (CTO).
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Later in May 2018, Versapay announced a partnership with First Data to become a Payment Facilitator, starting in Canada and the US, as part of its global merchant acquiring strategy to support worldwide payment acceptance for its customer base.
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On April 18, 2022, Versapay completed its acquisition of U.S.-based fintech company DadeSystems. DadeSystems has been a long-term technology partner of Versapay, offering their flagship product, DadePay, to automate cash application.
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with the company since 2007) and all related agents, associations and processing partner relationships related to the merchant services business. The transaction was successfully completed on February 1, 2017.
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In December 2019, Great Hill Partners a Boston-based growth-oriented private equity firm, tendered an all-cash offer to acquire Versapay for an estimated $ 129 million in a take private transaction.
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In August 2014, Versapay announced Jason Gurandiano resigned as Chairman Of the board of directors. Art Mesher, previously CEO and chairman of the board of
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under the symbol VPY between January 2010 and February 2020 when it was acquired by private equity firm Great Hill Partners for $ 126 million.
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Versapay began trading on the TSX Venture Exchange on January 20, 2010. Versapay shares trade under the symbol "VPY".
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Carey O'Connor was announced as the new CEO on March 7, 2023, replacing Craig O'Neill.
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software and cash application for midsized businesses. It was listed on the
860:"Versapay Boosts Leadership Team with Hiring of Experienced Market Leaders"
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In January 2007, Versapay partnered with the Canadian affiliate of
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company headquartered in Miami, Florida. Versapay specializes in
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offered to North American Merchants sourced by TD and Versapay.
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835:"Versapay acquires fintech company DadeSystems | IT Business"
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Referral and Processing Agreement with Toronto Dominion Bank
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Companies formerly listed on the TSX Venture Exchange
612:"Canada's VersaPay takes over eftpos outfit Positive"
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was appointed new chairman of the board of Versapay.
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Marketing Partnership with MasterCard International
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637:"VersaPay Agrees to Sell Interest in Positive Inc"
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515:Versapay team to pursue their global expansion.
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64:Learn how and when to remove these messages
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375:(previously VersaPay) is a North American
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227:Learn how and when to remove this message
125:Learn how and when to remove this message
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1411:Financial services companies of Canada
86:contains content that is written like
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510:Partnership with Great Hill Partners
165:adding citations to reliable sources
585:. Make it Business. Archived from
480:Sale of Merchant Services Division
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885:Khairnar, Shruti (8 March 2023).
404:Partnership with Chase Paymentech
45:This article has multiple issues.
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474:The Descartes Systems Group
424:Acquisition of Positive Inc
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519:Acquisition of DadeSystems
27:Software company in Canada
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502:Take Private Transaction
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714:Private Capital Journal
433:Initial Public Offering
391:$ 1 billion annually.
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589:on 29 September 2013.
107:neutral point of view
951:Airtel Payments Bank
581:Christina Newberry.
385:TSX Venture Exchange
377:financial technology
258:Versapay Corporation
161:improve this article
344:Number of employees
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99:promotional content
794:. 21 February 2020
381:account receivable
301:Financial services
101:and inappropriate
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459:Leadership Change
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841:. 2022-04-19
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618:. 2008-02-15
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468:Board Change
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159:Please help
154:verification
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97:by removing
93:Please help
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47:Please help
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1184:paysafecard
1127:Paymentwall
334:Area served
217:August 2016
1395:Categories
1057:Freecharge
956:Amazon Pay
845:2024-08-20
820:2024-08-20
773:2020-02-11
720:2020-10-05
695:2020-10-05
671:2020-10-05
646:2020-10-05
622:2020-10-05
564:2024-08-18
540:References
528:Leadership
414:MasterCard
187:newspapers
176:"Versapay"
95:improve it
50:improve it
1337:PayDirect
1317:Billpoint
1179:Openbucks
1142:Braintree
961:Ant Group
350:Jan, 2020
284:Traded as
115:July 2020
56:talk page
1426:Payments
1370:Category
1332:Wirecard
1296:YooMoney
1281:WebMoney
1271:VersaPay
1266:Verifone
1256:Tata Neu
1174:Neteller
1164:PayPoint
1132:Payoneer
1117:Passport
1087:MobiKwik
1072:Ingenico
1018:Cash App
1013:Afterpay
1003:BillDesk
373:Versapay
297:Industry
18:VersaPay
1327:Clinkle
1310:Defunct
1261:Tencent
1206:PhonePe
1169:Paysafe
870:20 July
798:10 June
489:Fintech
395:History
357:Website
312: (
307:Founded
276:Private
201:scholar
1251:Stripe
1246:Shift4
1236:Remita
1189:Skrill
1147:Zettle
1137:PayPal
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1102:Nuvei
1092:Nagad
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