Telpay
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Telpay Incorporated is Canada's largest independent electronic payment company, processing over 23 million electronic payments worth $13 billion in 2012. Serving hundreds of financial institutions and thousands of businesses and consumers, Telpay enables financial institutions, businesses, and personal users to make electronic payments to anyone, anywhere in Canada.[1]
The General Manager is Jason Olson, CMA.[2]
| |
| Company type | Private |
|---|---|
| Industry | Banking, Technology |
| Headquarters | Winnipeg , Canada |
Key people | William H."Bill" Loewen |
| Products | Electronic Payment Software |
| Services | Electronic Payment Processing |
Number of employees | 50 |
History
Founded as a division of Comcheq Services Limited in 1985, Telpay pioneered electronic bill payment services by providing Canadians with their very first telephone bill payment experience[3]. W. H. (Bill) Loewen, the founder of Comcheq and Telpay notes,“it was Telpay that started electronic bill payment in 1985. In 1989 Telpay entered into an agreement with Canadian Imperial bank of Commerce (CIBC) to operate our full bill payment system from an installation in London, Ontario. The trail project was so successful that by 1995 we were processing 250,000 payments a month.”[4] As a quiet contributor to their success over the years, some of these companies went on to take the technology in-house. Telpay has continued to be a prime innovator in the electronic payments field.
Products
Telpay for BusinessTM is an electronic payment software for businesses which eliminates the need for cheques. Telpay for BusinessTM is used by accountants, bookkeepers and business owners, and integrates with major accounting software, including products by Quickbooks and Sage.
References
- See Credit Union Above
- TelPay Software
- See Telpay Trust Account Report 2012
- See Task Force on Payemnts System Review
See Also
- Paying Bills Online
- E-Banking
- E-Business
- E-Carts
- E-Commerce
- E-Money
- Compare E-Shopping Carts
- U.S. Financial Standards