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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
409:, 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
417:
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
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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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824:"Versapay acquires fintech company DadeSystems | IT Business"
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Referral and Processing Agreement with Toronto Dominion Bank
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876:"Canada's Versapay names Carey O'Connor Kolaja as new CEO"
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Companies formerly listed on the TSX Venture Exchange
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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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626:"VersaPay Agrees to Sell Interest in Positive Inc"
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53:Learn how and when to remove these messages
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75:contains content that is written like
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499:Partnership with Great Hill Partners
154:adding citations to reliable sources
574:. Make it Business. Archived from
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874:Khairnar, Shruti (8 March 2023).
393:Partnership with Chase Paymentech
34:This article has multiple issues.
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802:Alcaraz, Charlie (2022-04-18).
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463:The Descartes Systems Group
413:Acquisition of Positive Inc
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508:Acquisition of DadeSystems
16:Software company in Canada
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422:Initial Public Offering
380:$ 1 billion annually.
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578:on 29 September 2013.
96:neutral point of view
940:Airtel Payments Bank
570:Christina Newberry.
374:TSX Venture Exchange
366:financial technology
247:Versapay Corporation
150:improve this article
333:Number of employees
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88:promotional content
783:. 21 February 2020
370:account receivable
290:Financial services
90:and inappropriate
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830:. 2022-04-19
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82:Please help
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36:Please help
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1173:paysafecard
1116:Paymentwall
323:Area served
206:August 2016
1384:Categories
1046:Freecharge
945:Amazon Pay
834:2024-08-20
809:2024-08-20
762:2020-02-11
709:2020-10-05
684:2020-10-05
660:2020-10-05
635:2020-10-05
611:2020-10-05
553:2024-08-18
529:References
517:Leadership
403:MasterCard
176:newspapers
165:"Versapay"
84:improve it
39:improve it
1326:PayDirect
1306:Billpoint
1168:Openbucks
1131:Braintree
950:Ant Group
339:Jan, 2020
273:Traded as
104:July 2020
45:talk page
1415:Payments
1359:Category
1321:Wirecard
1285:YooMoney
1270:WebMoney
1260:VersaPay
1255:Verifone
1245:Tata Neu
1163:Neteller
1153:PayPoint
1121:Payoneer
1106:Passport
1076:MobiKwik
1061:Ingenico
1007:Cash App
1002:Afterpay
992:BillDesk
362:Versapay
286:Industry
1316:Clinkle
1299:Defunct
1250:Tencent
1195:PhonePe
1158:Paysafe
859:20 July
787:10 June
478:Fintech
384:History
346:Website
301: (
296:Founded
265:Private
190:scholar
1240:Stripe
1235:Shift4
1225:Remita
1178:Skrill
1136:Zettle
1126:PayPal
1071:Mi-Pay
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970:Wallet
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1029:WePay
997:Block
987:bKash
955:Apple
935:Adyen
315:Miami
279:TSX-V
197:JSTOR
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1210:QRIS
1205:Qiwi
1190:PayU
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1086:Nexi
1019:BPAY
982:BHIM
977:Atom
960:Card
861:2020
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