VersaPay and MasterCard Sign Marketing Agreement
TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - VersaPay Corporation (TSX VENTURE:VPY) ("VersaPay" or the "Company"), a leading cloud based electronic invoice presentment and payment ("EIPP") provider, today announced that it has entered into a strategic alliance agreement with MasterCard International Incorporated. Under the terms of the agreement, VersaPay and MasterCard will collaborate to increase usage of MasterCard's products on VersaPay's EIPP platform in Canada.
"We are excited to be partnering with one of the world's most recognizable and respected payment brands" commented Bill McGill, CEO of VersaPay. Mr. McGill continued, "We believe that this partnership will broaden the market for our unique cloud-based EIPP exchange in Canada and increase MasterCard acceptance among businesses accepting payments from other businesses."
"As a technology company, we're always on the look-out for cutting-edge partners that deliver innovative solutions for businesses. We look forward to working with VersaPay to grow acceptance across Canada," said David E. Orzel, Senior Vice President Market Development, MasterCard Canada.
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 require 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.
MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
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