TelPay Incorporated,
Canada’s largest independent payment processor initiated its first
electronic payment in March of 1985. This first electronic payment
pre-dated the birth of the internet in 1990. TelPay pioneered “bill
payments by phone” in Canada, and was offering electronic payment
services before the banks. TelPay Incorporated is a privately held
Canadian success story operating out of Winnipeg, MB, Canada. TelPay
originated as a research and development project of Comcheq Services
Limited. TelPay is the first company to provide individuals and
businesses with a cost-effective method of transferring money and making
electronic payments to anyone in Canada. TelPay is proud to be a
national technology company offering phone, web, and mobile electronic
payment services.
Having 25 years experience in the world of payment processing is no
small task, and as a pioneer of “bill payments by phone,” TelPay was
offering electronic payment services before the banks. TelPay
accomplished this by establishing direct contacts with tens of thousands
of billers across Canada, all at a time when billers were only receiving
remittances by cheque. TelPay pioneered the concept of combining payments into one deposit and sending
detailed remittance reports for billers. This streamlined process allows
any biller partnered with TelPay to increase operational efficiencies.
Over time, TelPay focused on creating high-quality payment services
which enable companies of any size to make electronic payments. The
system integrates seamlessly with almost any accounting package to help
businesses eliminate costly and inefficient paper cheques. By
eliminating paper cheques, TelPay also helps businesses cut back on
other expenses like postage, envelopes, and manual processes. These
savings can be
reinvested elsewhere in the company. A business paying 100 bills each
month will save an average of $1600 by switching to electronic bill
payments. TelPay allows companies to pay any invoice, any person, or any
government remittance…anywhere in Canada!
TelPay also offers a patented payment service called “Get Paid Faster”,
which enables businesses of any size to accept electronic payments. It
allows businesses to offer their customers a quick and convenient
payment option that helps them realize faster turnaround on their
accounts receivable. It also helps businesses reduce or eliminate
merchant fees charged by credit card companies. The “Get Paid Faster”
solution is easy to implement on paper and electronic invoices, as well
as websites, and it really does help your business “Get Paid Faster!”
For more detailed information on TelPay Inc, please download a copy of
our 2009 Annual Trust Account Report.
TelPay Inc is the largest independent payment processor in Canada,
processing over 21 million payments worth over 12 billion dollars annually.
