VersaPay Signs Global Apparel Manufacturer to ARC Platform

Toronto, ON – May 16, 2018 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the
“Company”), a leading provider of cloud-based invoice-to- cash solutions including electronic
invoice presentment and payment, automated accounts receivable, cash application and
collections management, is pleased to announce that a billion dollar, global manufacturer of
private label apparel products has signed with the Company to implement ARC R , their
proprietary accounts receivable and collections management solution.
The client was seeking a solution that would provide a centralized and completely transparent
view into the invoice-to- cash process while driving cost reductions and providing faster payment
processing across multiple payment types. VersaPay was awarded the contract as a result of their
unmatched ability to offer the functionality on a highly scalable level. In addition, the
Company’s AR analytics functionality was of criticial importance to the client, who is seeking to
support a large volume of smaller customers with the platform.
“I am delighted to welcome this global apparel manufacturer to the ARC community,” said Craig
O’Neill, CEO of VersaPay. “This win further demonstrates the extensive capabilities of our
solution and its ability to help large enterprises accelerate their digital transformation and
enhance their finance operations.”
About VersaPay
VersaPay is a Fintech company and leading provider of cloud-based invoice-to- cash solutions,
enabling businesses to provide a superior customer experience, get paid faster, streamline
financial operations, and dramatically reduce DSO and costs. VersaPay ARC is the new standard
in accounts receivable and collections management with a customer self-service environment to
view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments
(EFT/ACH and credit card). Businesses gain access to a suite of powerful tools that enable
efficient collections, cash application and real-time insight into accounts receivable. VersaPay
ARC automatically reconciles payments and account information through integrations with a
wide range of ERPs and accounting software providers.
More information about VersaPay is available at www.versapay.com or under the Company’s
profile on SEDAR at www.sedar.com.
For additional information, please contact:

John McLeod
Vice President, Marketing
VersaPay Corporation
647-258- 9406
john.mcleod@versapay.com
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644- 5081
bpedram@virtusadvisory.com

Forward Looking and Other Cautionary Statements
This news release contains “forward-looking information” which may include, but is not limited
to, statements with respect to the activities, events or developments that the Company expects or
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factors include, among others, risks related to the speculative nature of the Company’s business,
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Published by Katie Canton

Katie Canton has been helping companies develop and implement successful social media, content marketing, and marketing communications strategies for more than 10 years. Since joining VersaPay in 2018, she writes on topics such accounts receivables automation, Customer-Centric AR, collections management, and fintech.