VersaPay and Chase Paymentech to Market Payment Processing Services in Canada



    VANCOUVER, Feb. 23 /CNW/ - VersaPay Corporation, a national Canadian
sales organization providing payment processing and financial transaction
solutions, has signed an agreement with Chase Paymentech to offer businesses a
single source selection in processing credit, debit and customized gift card
transactions.
    Leveraging Chase Paymentech's powerful payments technology, VersaPay will
provide Canadian merchants the ability to accept Visa, MasterCard, American
Express, Discover, JCB, Interac Direct Debit and Interac Online as well as
FlexCache, Chase Paymentech's customizable stored value/gift card program.
VersaPay will further enhance its B2B payment platform by integrating with
Chase Paymentech's technology infrastructure.
    In making the announcement, Mark Lachance, President of VersaPay said,
"We are excited to have forged a relationship with Chase Paymentech. They have
proven to be a phenomenal technology and network provider and we look forward
to leveraging our synergies and providing the Canadian marketplace with
unparalleled service."
    Sam Jawad, President, Chase Paymentech Canada thinks this agreement
creates a great opportunity for both companies. "Today's consumers demand
choice and we are pleased to be working with VersaPay to enable merchants to
provide the full spectrum of payment acceptance. Additionally, Chase
Paymentech's FlexCache will allow many businesses to profit from the rapid
growth of the gift card market."

    About VersaPay

    VersaPay provides the hardware, technology, infrastructure and support
services that businesses of all types and sizes require to accept credit and
debit cards from their consumers/clients. The Company also provides
value-added payment solutions such as stored-value, loyalty/gift cards for
businesses seeking to expand their business offerings. VersaPay also offers
INTERAC Online for businesses wishing to accept INTERAC Direct Payments in an
online environment as well as B2B payment platform integration and systems
design. Learn more about VersaPay at www.versapay.com or by calling
1-866-999-VPAY (8279).

    About Chase Paymentech Solutions

    In Canada, Chase Paymentech Solutions is headquartered in Toronto,
Ontario and is an affiliate of Chase Paymentech Solutions, LLC. As a leading
payment processor and a single source for debit and all major credit cards,
the company offers a full suite of advanced payment solutions, including
point-of-sale and wireless terminals, electronic gift card programs and secure
e-commerce capabilities. Learn more at www.chasepaymentech.ca.
    Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the
world's largest merchant acquirer for businesses accepting payments via
point-of-sale, hospitality, Internet, catalogue and recurring billing. The
privately-held company is an end-to-end processor for merchants of all sizes
and industries. The company processed approximately 18.2 billion transactions
in 2006, with more than $660.6 billion in annual bankcard and debit volume.
Chase Paymentech`s customer base includes more than 600,000 merchants, with
nearly 1 million locations across Canada, the United States and around the
world.




For further information:

For further information: www.versapay.com, 1-866-999-VPAY (8279)


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