Telpay Incorporated is the largest independent electronic payment company in Canada, processing over $19.5 billion in 2020.[2]
The company's flagship product is Telpay for Business, an electronic payment software for businesses which eliminates the need for cheques.
History
Telpay was founded in 1985 as a research-and-development division of Comcheq Services, a payroll company started by Bill Loewen in 1968.[3][4] In March 1985, the first reports of telephone-generated bill payments were delivered to Manitoba Hydro and Manitoba Telephone System.[3]
In 1992, Loewen sold Comcheq to CIBC, but retained control of the Telpay division, thereby establishing Telpay Incorporated, with Loewen as chair.[3]
Organization
Telpay headquarters is located in downtown Winnipeg, in a heritage building built in 1909 by the Canada Permanent Trust Company.[4] The current President is Kevin Sokolowski.[5]
See also
- Electronic bill payment
- Online banking
- Electronic business
- E-commerce
- Electronic funds transfer
- Comparison of shopping cart software
- Federal Financial Institutions Examination Council
References
- ^ "Telpay Incorporated | Better Business Bureau® Profile".
- ^ http://www.telpay.ca/images/pdfs/telpay_annual_trust_report_2012.pdf[permanent dead link]
- ^ a b c "Our History". Telpay. Retrieved 2021-09-06.
- ^ a b "Who We Are". Telpay. Retrieved 2021-09-06.
- ^ "The Team".
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