VersaPay Signs Fastest Growing POS Provider To Exclusive Partnership



    VANCOUVER, Jan. 30 /CNW/ - In an economy where businesses are faced with
rising credit and debit cards costs alongside guarded consumer spending,
solutions enabling business owners to focus on increased business growth will
no doubt be met with optimism.
    Vancouver-based VersaPay, the true 'One-Stop Shop' for Canadian payment
processing services and merchant accounts, announced today its partnership
with H&L Canada Ltd., the fastest growing Point of Sale solution provider in
the hospitality industry. As part of the exclusive 5-year partnership,
VersaPay will provide its VersaOne Retail Management Suite with H&L's
Integrated Touch Screen terminals as a complete package. Bundled with
financial transaction products and real-time reporting, the all-in-one system
will increase efficiencies in merchant operations while helping to deliver
better top line results.
    "As founding partners of the Canadian Acquirers Association, our mandate
since VersaPay's inception has been to lower the cost of accepting credit and
debit cards," says VersaPay's Chief Executive Officer Michael Gokturk. "In a
time where consumers are being more cautious about their spending, the
products and services we offer need to be even more ahead of the curve than
usual. Businesses now, more than ever, are turning to VersaPay to completely
integrate their financial supply chain - a service that banks cannot readily
offer."
    Aimed at driving operational excellence through supply chain management,
VersaOne's advanced features will enable retailers to automate payment and
ordering capabilities directly within their POS systems. Manual inventory
reviews and orders will now be replaced by simplified tally ordering, with
orders and business-to-business payments posted through VersaPay's proprietary
VersaEFT or VersaCard platforms automatically.
    "H&L has always believed in exceeding the changing requirements of our
customers and their respective industries," says Burt Admiraal, H&L Founder
and Director of Business Development. "Our partnership with VersaPay will
allow this next generation of merchant solutions to help fuel business
prosperity while keeping costs low."
    Learn more about VersaPay's diverse range of merchant account solutions
and services by visiting www.versapay.com, or call (866) 999-VPAY (8729). For
more information about H&L Canada Ltd. and their full line of Point of Sale
solutions, visit www.powerofpos.com.

    ABOUT VERSAPAY

    As a 100% Canadian and independently owned payment processor, VersaPay
handles all elements of both credit and debit card merchant payment
processing. Alongside the highest-quality point of sale terminals, VersaPay's
VersaOne Retail Management Suite bundles financial transaction products with
real-time reporting to enable more efficient merchant operations and deliver
better top line results. Insight-driven retailing with the purpose of
delivering better shopping experience and retaining customer loyalty allows
VersaPay to help increase your bottom line.

    ABOUT H&L CANADA LTD.

    The H&L group of companies was originally formed in South Australia in
1985, based on a real need by the hospitality industry for fully integrated
products that could manage Stock Control and Point of Sale (POS) management.
H&L's differentiator in product development is specialization in an industry
that all of their key people having worked and consulted in for many years,
thereby providing a complete solution of hardware, software, training,
installation and 24/7 ongoing support.





For further information:

For further information: Peter Meretsky, Business Development Manager,
VersaPay Corporation, T (604) 677-4765, F (604) 678-3230, E
peter.meretsky@versapay.com; Ziad Mehio, H&L Canada Ltd., T (604) 733-3666, F
(604) 731-3667, E ziadm@hlcanada.com


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