please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2016 learn how and when to remove this template message versapay corporation type public traded as tsx v vpy industry financial services payment processing financial technology founded 2006 2006 headquarters toronto ontario canada area served north america number of employees 50 may 2015 website versapay corporation website versapay corporation tsxv vpy commonly known as versapay is a national canadian payment processing and payment systems company with offices in toronto montreal and new york . the company provides electronic transaction processing services to various sizes of businesses public private and government in both canada and the united states of america . versapay is currently listed on the tsx venture exchange under the symbol vpy . 1 contents 1 background 2 history 2.1 partnership with chase paymentech 2.2 acquisition of positive inc 2.3 initial public offering 2.4 marketing partnership with mastercard international 2.5 referral and processing agreement with toronto dominion bank 2.6 leadership change 2.7 board change 3 references 4 external links background edit versapay is a financial technology company that 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 accounts receivable cloud automation software arc that facilitates the efficient exchange of documents and payments between suppliers and customers . 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 as of 2013 versapay processes in excess of 1 billion annually . 2 history edit versapay corporation was founded in 2006 by michael gokturk & 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 business to business and b2c business to consumer transactions see below for more information . 3 partnership with chase paymentech edit in january 2007 versapay partnered with the canadian affiliate of chase paymentech a united states based payment processing company . this strategic partnership allowed versapay to begin processing commonly used electronic payment methods such as visa mastercard american express 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 the versapay s products . after building up enough reputation versapay stopped using the chase name only one year later . 2 acquisition of positive inc edit 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 . initial public offering edit versapay began trading on the tsx venture exchange on january 20 2010 . versapay shares trade under the symbol vpy . marketing partnership with mastercard international edit 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 margin and that were historically cheque driven . referral and processing agreement with toronto dominion bank edit 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 solution . the solution is to be offered to north american merchants sourced by td and versapay . leadership change edit 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 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 . board change edit in august 2014 versapay announced jason gurandiano was terminated as chairman and from the board of directors . art mesher previously ceo and chairman of the board of the descartes systems group was appointed new chairman of the board of versapay . references edit http www.versapay.com a b http www.makeitbusiness.com featurearticles fresh faces of finance michael gokturk kevin short http list.canadianbusiness.com rankings hot50 2009 little shop article.aspx id 20090901 30019 30019 external links edit versapay corporation website v t e payment service providers align commerce billdesk braintree chase paymentech citrus pay clinkle cng processing a s dwolla flattr instamojo klarna netbanx neteller ogone onevu oxigen services passport paydirect payoneer paypal paypoint paysafe group paytm payzone poli payments propay qiwi red dot payment skrill sleekpay square stripe timesofmoney versapay vmoney vpay wepay wirecard worldnet tps worldpay xfers xoom yandex.money yapstone category list retrieved from https en.wikipedia.org w index.php title versapay & oldid 735615083 categories companies listed on the tsx venture exchangefinancial services companies of canadacompanies based in torontopayment service providerspaymentssoftware companies of canadahidden categories articles needing additional references from august 2016all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 21 august 2016 at 23 30 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of 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