VersaPay adds Wendy Porter, Brian Kyle and David Peterson to board

Source: VersaPay

VersaPay Corporation ("VersaPay") is proud to announce that the Honourable David Peterson, Senior Partner and Chairman at the law firm of Cassels Brock & Blackwell LLP; Mr. Brian Kyle, Executive Vice President of Davis and Henderson and Ms. Wendy Porter, founder of Moneris Solutions, Canada's largest credit card acquiring company, were elected to VersaPay Corporation's Board of Directors.

A director of several public companies, including Rogers Communications Inc. and Shoppers Drug Mart, David Peterson practices corporate/commercial law at the Toronto law firm of Cassels Brock & Blackwell LLP. He is chancellor of the University of Toronto, a director of St. Michael's Hospital, and is active with a number of charitable, educational and environmental organizations. Mr. Peterson has been appointed a Knight of the Order of the Legion of Honour of France, received the Ordre de la Pléiade from the International Assembly of French-Speaking Parliamentarians, and was inducted into the Order of Ontario in 2009.

Brian Kyle is currently the Executive Vice President Finance of Davis and Henderson, Canada's leading provider of check supply programs, deposit programs, and eSwitch, among other offerings. Prior to that, Mr. Kyle was with Teranet Inc. where he held the position of Vice President and CFO. While at Teranet, Mr. Kyle successfully led a $700M IPO ($2.3B enterprise value), the largest Canadian IPO in 2006. In 2008, he led the privatization of Teranet to Borealis Infrastructure for over $1.6B. Mr. Kyle brings over 20 years of financial management and leadership experience gained from holding various senior financial positions with Canadian public companies in the aerospace, consumer goods and e-commerce sectors. Mr. Kyle holds an Honorary Doctorate of Law from Assumption University (Windsor) and a Masters in Business Administration from Queen's University School of Business and he is a Certified Management Accountant and member of the Society of Management Accountants of Ontario. He was recently nominated for Canadian CFO of the Year for 2009.

Wendy Porter is a payments industry expert responsible for the creation of Moneris Solutions, Canada's largest credit card acquiring company. Her U.S. experience includes President, Vital Merchant Services (now TSYS Acquiring Solutions), and responsibility for the Harris Bank payment acqunt acquiring division in Chicago. Ms. Porter spent most of her career with Bank of Montreal in various executive roles in Corporate Marketing, Information Technology and Electronic Payments. As Senior Vice President, Merchant Acquiring, she managed the credit card and debit card acquiring business. In 2000, she conceived the strategy of a combined MasterCard and Visa payment solutions company, and was responsible for spinning off Bank of Montreal's acquiring division and merging it with Royal Bank's division to create Moneris Solutions. She has served on a variety of business and not for profit boards including payment industry boards and Global Committees for the Interac Association and MasterCard. Ms. Porter holds a BA from York University, and an MBA degree from the Schulich Business School at York University. She also holds the ICD.D designation from the Institute of Corporate Directors.

"It is a privilege and an honor to welcome the Honourable David Peterson, Mr. Brian Kyle and Ms. Wendy Porter to the Board of our young and growing Company," says Michael Gokturk, VersaPay's CEO. "We now look to our Board more than ever and rely on their business acumen, experience and integrity to guide our Company through our next stage of growth. We are confident that our business milestones and objectives will once again exceed expectations."

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