TORONTO, Aug. 28, 2015 /CNW/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, is pleased to announce that a major U.S. print media company has signed on to use the Company's ARC solution to automate their accounts receivable process. Under the agreement, the Company will receive a monthly software subscription fee and credit card transaction fees.
"We are delighted that this mid-west U.S. firm with over 1,000,000 readers across 30 newspapers and 24 print publications has decided to adopt our ARC technology to reinvent their account receivables process and improve their customers' experience," said Craig O'Neill, CEO of VersaPay. "This firm will deploy ARC to deliver several thousand invoices to their advertisers every month and to receive payments online. This new win is a great example of how we are leveraging existing customer relationships with satisfied clients like Metroland Media to expand our reach into our target verticals like Media."
VersaPay is a leading cloud-based invoice presentment and payment provider for businesses of all sizes. VersaPay's ARC software-as-a-service offering allows businesses to easily deliver customized electronic invoices to their customers, to accept credit card and EFT payments and automatically reconcile payments to their ERP and accounting software. VersaPay is headquartered in Toronto, Canada and has operations in Montreal and New York.
More information about VersaPay can be found on the Company's website at www.versapay.com or under the Company's profile on SEDAR at www.sedar.com.
Forward Looking and Other Cautionary Statements
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Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
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SOURCE VersaPay Corporation
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