U.S. Commercial Real Estate Firm Brixmor Property Group Goes Live on VersaPay’s Cloud-Based Accounts Receivable Solution

Toronto, ON; New York, NY – December 8, 2015 – 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 Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor”), a leading U.S. retail commercial real estate investment trust (REIT), has become an ARC customer. Brixmor owns and operates America’s largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 500 properties strategically located across 38 states.
“We were looking for a platform that would enhance communications with our customers as well as provide more payment options for our tenants,” said Dennis Hanifan, Vice President, Application Systems with Brixmor. “Given the scale of our company, we also wanted to simplify how we receive and reconcile payments from our tenants, and found VersaPay’s ARCTM solution was a good fit for our needs.”
“Earning Brixmor’s business demonstrates our ability to successfully deploy ARC into large companies in key vertical markets,” commented Craig O’Neill, VersaPay’s CEO. “We now have lead customers in key verticals including media, transportation and logistics, manufacturing and commercial real estate. Once we have a significant customer in a target vertical our ability to win more business within that vertical increases dramatically and the sales cycle is reduced.”
“The best part of the VersaPay Tenant Portal is that our tenants can view invoices, obtain backup and make payments any time with the press of a button,” said Grace Bellino, Brixmor’s Vice President of Collections. “Additionally, it is easy for tenants to sign up for the online service which is very intuitive, saving them time.”

About Brixmor Property Group

Brixmor owns and operates the nation’s largest wholly owned portfolio of grocery-anchored community and neighborhood shopping centers, with 519 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metro markets. Brixmor leverages its national footprint, local market knowledge and operational expertise to support the growth of its retail tenants. The Company is focused on maximizing the value of its portfolio through its ongoing “Raising the Bar” program which involves strategic leasing and anchor space repositioning / redevelopment initiatives. Headquartered in New York City, the Company is the largest landlord to The TJX Companies and The Kroger Company. For additional information, please visit www.brixmor.com; follow Brixmor on Twitter at www.twitter.com/Brixmor and find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.

About VersaPay

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.
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.
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 anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved. The specific metrics referenced in this release are non GAAP measures.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Millennials Are Here to Stay: Is Your Accounts Receivable Process Ready?

A couple weeks ago, we attended the Receivable Management Association’s annual conference in Toronto. The keynote speaker, Lisa Nelson, President of Equifax Canada challenged the audience to think about big ideas, and how they can innovate to differentiate. She spoke passionately about the coming cohort, the Millennials, a group that now out populates the baby boomers in the US. Continue reading “Millennials Are Here to Stay: Is Your Accounts Receivable Process Ready?”

Money2020: FinTech is Helping You Change the Game

A couple of weeks ago, Money20/20 took Las Vegas by storm. This conference juggernaut has soared in its impact in just a few years of existence, becoming the largest global event focused on payments and financial services innovation for connected commerce. It is a conference that should interest anyone reading this blog, and you will quickly see why…

Continue reading “Money2020: FinTech is Helping You Change the Game”

VersaPay Selected As One of Twenty Most Innovative Public Canadian Tech Companies

VersaPay Selected As One of Twenty Most Innovative Public Canadian Tech Companies
Toronto, ON – November 10, 2015 – VersaPay Corporation (TSXV: VPY) (“VersaPay” or the “Company”), a leading provider of cloud-based invoicing, accounts receivable management and payment solutions, today announced that it has been selected as one of the twenty most innovative public Canadian technology companies for 2015 by the Canadian Innovation Exchange and Stockhouse. As part of the award the Company’s Chief Executive Officer, Craig O’Neill will present at the CIX Public Investor Day Conference on Wednesday, November 18, 2015 in Toronto. Mr. O’Neill will provide an overview of the Company’s groundbreaking work that has garnered this recognition. The event takes place from 1:00-5:00 pm on November 18 at MaRS Discovery District in Toronto.
“We are delighted to have been chosen as one of this year’s twenty most innovative public Canadian tech companies,” said Craig O’Neill, CEO of VersaPay. “The cloud-based capabilities we have launched this year will change the way thousands upon thousands of companies do business together, and it is very satisfying that this is being recognized.”
The CIX Public Investors Top 20 is a unique program designed to showcase 20 of Canada’s hottest and most innovative public technology companies. What makes this program unique to any other showcase event in Canada, is that the selection committee evaluates and rates the hottest companies based on their innovation, and VersaPay was selected from hundreds of small and midcap tech companies.
This event is hosted by the Canadian Innovation Exchange and Stockhouse.

About VersaPay

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 also has operations in Montreal.
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.
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 anticipates will or may occur in the future. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Believe in What’s Possible and Put a Plan in Motion to Change and Improve

I recently attended the CPA ‘The One’ conference at which Curtis Zimmerman, a best selling author and motivational speaker, was a keynote. (www.curtiszimmerman.com) Zimmerman helps plant the transformational seed for organizations by illustrating how people need to constantly learn and organizations must always be evolving if they want to beat the competition. He does this in the most unconventional but engaging way…juggling. Continue reading “Believe in What’s Possible and Put a Plan in Motion to Change and Improve”

On the Road to Innovation at McLeod User Conference 2015

It’s been a busy season of tradeshows! This week’s stop was Birmingham Alabama for the McLeod Software User Conference. If you haven’t heard of McLeod Software, it is a leading trucking software that helps LTL and Truckload businesses manage all aspects of their business. Continue reading “On the Road to Innovation at McLeod User Conference 2015”

Happier Customers Are Stickier – Having Fun at CPA “The One”

Last week we headed over to the CPA National Conference, “The One”. This was the first conference of its kind after the merger of the CA, CMA, and CGA bodies. It was anticipated to be a big show with a lot of great content and interest… and was it ever! Continue reading “Happier Customers Are Stickier – Having Fun at CPA “The One””

The Long Tail of Invoicing

Following a recent trade show, I used our courier company, one of the big ones, to ship our trade show booth back to the office. I paid for the service up front by credit card and it totaled a few hundred dollars. But an additional cost of $22 was incurred during transit, and weeks later the company mailed me a $22 invoice to cover this. When the invoice appeared on my desk I assumed it was in error. Continue reading “The Long Tail of Invoicing”

The Demand for Customer Self-Service in B2B

Better customer service starts with better communication and collaboration. And in today’s competitive climate, businesses must offer their customers the most effective channels of communication possible. In a world of interactive voice response systems, self-checkout at grocery stores, and online superstores such as Amazon, an increasing number of customers say they prefer self-service over speaking with a representative. Continue reading “The Demand for Customer Self-Service in B2B”