VersaPay further improves customer focus with a new organizational structure

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TORONTO, September 12, 2019 / CNW / – VersaPay Corporation (TSXV: VPY) (“VersaPay”), a leading provider of cloud-based cash billing solutions, including electronic bill submission and payment, automated accounts receivable, cash enforcement and management of accounts. Collections, today announced a new organizational structure to better position the company to expand its direct-to-customer operations as its customer base continues to accelerate.

A newly combined group covering both professional services and customer success will support the entire lifecycle of new and existing customers. Geoff kent joins the company as Vice President of Customer Services with responsibility for implementation, integration, solutions, customer success and support. Mr. Kent’s previous roles include leading B2B programs for Fortune 500 companies in the airline, automotive, hospitality and financial services industries. He has led the implementation of SaaS client solutions throughout the cycle, from sales to market launch and ongoing customer relationships. Prior to joining VersaPay, Mr. Kent was Vice President of OEM Integrations at Dealers-FX and previously held several leadership roles at Points.

Andrea Peattie joins the company as VP People Operations. In her role, Andrea is responsible for recruitment, process and tool development, knowledge sharing, training and leadership development. Andrea previously worked with VersaPay for 5 years as Head of Implementation and Customer Services. She has spent the past 2 years in a non-profit organization as an operations manager and responsible for client success.

The engineering team will be integrated into the product group under Jason Read, Chief Product Officer to deliver a more streamlined approach to product development and drive continuous innovation in the ARC platform. The company’s CTO Eddie Chan is leaving the company to pursue other opportunities. To assist with the transition, Mr. Chan will continue as Interim Strategic Advisor.

“I am pleased to announce these organizational changes as we evolve the company to serve more and more customers,” said Craig o’neill, CEO of VersaPay. “Geoff is a seasoned leader with a history of providing integrated solutions for multinational companies, and we are delighted to have him join the team. Of course, I am delighted that Andrea is joining us in her new role as she joins the team. helps us grow and equip our teams. And finally, I would like to sincerely thank Eddie for his energy and commitment to VersaPay over the past two and a half years. We wish him well in pursuing new opportunities. “

About VersaPay

VersaPay is a FinTech company and a leading provider of cloud-based cash billing solutions, enabling businesses to deliver a superior customer experience, get paid faster, streamline financial operations, and dramatically reduce DSO and the costs. VersaPay ARC is the new standard for managing accounts receivable and collections with a self-service customer environment to view invoices online, collaborate on inquiries and disputes, and facilitate secure online payments (EFT / ACH and credit card). Businesses have access to a suite of powerful tools that enable efficient collections, cash enforcement and real-time accounts receivable insight. VersaPay ARC automatically reconciles payments and account information through integrations with a wide variety of ERP and accounting software vendors.

Further information on VersaPay is available at www.versapay.com or under the Company’s profile on SEDAR at www.sedar.com.

Forward-looking statements and other caveats

This press release contains “forward-looking information” which may include, but is not limited to, statements regarding activities, events or developments that the Company expects or anticipates will occur or may occur in the future. to come up. This forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is planned”, “budget”, “planned”, “estimates” , “Prediction,” “intends”, “anticipates” or “believes” or variations (including negative variations) of these words and phrases, or states that certain actions, events or results “may”, “could “,” would “,” could “or” will “be taken, occur or be achieved.

These forward-looking statements and all assumptions on which they are based are made in good faith and reflect our current judgment regarding the direction of our business. Management considers these assumptions to be 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 the future results, performance or achievements expressed or implied by the companies. forward-looking information. These factors include, among others, risks related to the speculative nature of the Company’s activities, the stage of development of the Company and the financial condition of the Company.

The forward-looking statements contained herein are made as of the date of this press 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 if it may be required by 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. Therefore, 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.

SOURCE VersaPay Corporation

For further information: John McLeod, Marketing Director, VersaPay Corporation, 647-258-9406, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]

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www.versapay.com


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