TORONTO, ONTARIO--(Marketwire - Oct. 2, 2012) - VersaPay Corporation (TSX VENTURE:VPY) ("VersaPay" or the "Company"), a leading Canadian financial technology company, today announced that it has renewed its payment processing partnership with Chase Paymentech.
VersaPay CEO Bill McGill said, "We have enjoyed a strong partnership with Chase Paymentech since VersaPay's inception and we are pleased to be extending our relationship for four more years."
VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types to accept and process electronic payments.
In addition, the Company's proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers.
VersaPay has operations in Toronto, Montreal, Vancouver and Long Island, NY.
More information about VersaPay can be found at www.versapay.com.
About Chase Paymentech
Chase Paymentech, a subsidiary of JPMorgan Chase (JPMC), is a leading provider of payment processing and merchant acquiring. The company's proprietary platforms enable integrated solutions for all payment types, including credit, debit, prepaid stored value and electronic check processing; as well as digital, alternative and mobile payment options. Chase Paymentech has uniquely combined proven payment technology with a long legacy of merchant advocacy that creates quantifiable value for companies large and small. In 2011, Chase Paymentech processed 24.4 billion transactions with a value of $553.7 billion, including an estimated half of all global Internet transactions. In addition to the ability to authorize transactions in more than 130 currencies, the company provides business analytics and information services, fraud detection and data security solutions. In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario. For additional information, visit www.chasepaymentech.ca.
Forward-Looking and Other Cautionary Statements
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