REPENTIGNY, QC, Dec. 16, 2013 /CNW Telbec/ - Quebec-based CT-Payment is
pleased to announce the company has completed its restructuring and is
back on the road to profitability. As of today, all creditors have been
reimbursed (in accordance with Act C-36) - including Investissement
Québec - one year ahead of schedule.
"We've gone through some difficult times since 2011, but we can now say
those times are behind us," said Denis Robert, who spearheaded the
recovery effort as chief executive officer. "The company is not only
profitable—it's growing. Indeed, we'll have lots of good news to
announce in 2014."
Over the past 18 months, CT-Payment's new management earned back the
trust of investors and strategic partners, increased customer loyalty,
and signed new partnership agreements. As a pioneer in the
implementation of electronic-payment solutions, CT-Payment also
reinforced its technology platform to become the Canadian leader when
it comes to product diversity and advanced technology in the payment
industry. With these advances, the company was able to extend its
commercial activities in the United States and Europe.
CT-Payment wishes to thank its 40 employees, its customers and its
suppliers for their loyalty. "Their unshakeable trust made possible the
company's recovery and allowed us to keep a leading company like
CT-Payment in Quebec, maintaining quality jobs," added Mr. Robert.
CT-Payment makes life easier for over 60,000 Canadian retailers,
corporations and public institutions who use the company's services to
perform payment transactions worth over 15 billion dollars each year.
About CT-Payment Inc.
CT-Payment (CTP) is Canada's largest debit- and credit-card processing
company to be fully independent of Canadian financial institutions and
acquirers. As a member of Interac® and a debit acquirer, CT-Payment delivers integrated debit
authorization and settlement services on behalf of its customers and
business partners. As an experienced multi-acquirer service provider,
CTP offers transaction processing for point-of-sale debit and credit
terminals, customized web-payment integration solutions, and the
management of loyalty programs. CT-Payment further specializes in the
development of platforms for emergent technology in the North American
payment-processing ecosystem. It fully complies with PCI international
To find out more: www.ct-payment.com.
SOURCE: CT-PAYMENT INC.
For further information:
Diane Jeannotte/Diep Truong