VersaPay Corporation (TSX VENTURE:VPY) ("VersaPay" or the "Company"), a leading cloud based electronic invoice presentment and payment ("EIPP") provider, today announced that it has entered into a strategic alliance agreement with MasterCard International Incorporated.
Under the terms of the agreement, VersaPay and MasterCard will collaborate to increase usage of MasterCard''s products on VersaPay''s EIPP platform in Canada.
"We are excited to be partnering with one of the world''s most recognizable and respected payment brands" commented Bill McGill, CEO of VersaPay. Mr. McGill continued, "We believe that this partnership will broaden the market for our unique cloud-based EIPP exchange in Canada and increase MasterCard acceptance among businesses accepting payments from other businesses."
"As a technology company, we''re always on the look-out for cutting-edge partners that deliver innovative solutions for businesses. We look forward to working with VersaPay to grow acceptance across Canada," said David E. Orzel, Senior Vice President Market Development, MasterCard Canada.