TORONTO, June 30, 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 two prominent U.S. commercial real estate groups have now become ARC customers. Combined, these two commercial real estate portfolios represent nearly 20,000 tenants in over 500 shopping malls across the U.S. Once rolled out, ARC will generate approximately 250,000 rental notices and invoices annually.
To further support the Company's push into the commercial real estate vertical, VersaPay recently exhibited at the 2015 RealComm Conference in San Antonio, Texas. The conference attracts leaders from the commercial, corporate, and institutional real estate industry looking to explore the latest in technology innovation impacting their industry.
"We are very excited that two large commercial real estate groups in the United States have caught our vision for a better way to collect rent and other fees from their tenants," commented Craig O'Neill VersaPay's CEO. "These projects represent a whole new approach to commercial real estate, one that we believe will be followed by many other landlords, property managers, and REITs in the near future. I'm also very pleased that, with this latest announcement, we now have excellent beachhead customers in each of our initial target markets: Media, Trucking and Logistics, and Commercial Real Estate."
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.
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SOURCE VersaPay Corporation
For further information: David CW Chan, Chief Financial Officer, VersaPay Corporation, 647-258-9475, firstname.lastname@example.org; John McLeod, Vice President, Marketing, VersaPay Corporation, 647-258-9406, email@example.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, firstname.lastname@example.org