Telpay

Telpay, with the slogan "The Better Way to Pay", has been a prominent player in the Canadian financial services and payments industry since its establishment in 1985. As the largest independent processor of electronic funds transfers (EFTs) in Canada, the company has efficiently handled over $17.7 billion in transactions. Originating as a division of ComCheq Services Ltd, Telpay emerged as Canada's first and subsequently the largest outsourced payroll service. Its innovative approach revolutionized the payments industry by introducing the first system enabling bill payments over the telephone and spearheading online bill payment systems for Canadian financial institutions in the 1990s. The company continues to lead the Canadian electronic payment industry and boasts a vast user base of businesses utilizing The Telpay Payment System for electronic and online payments, as well as payroll and supplier transactions in both Canada and internationally. Notably, Telpay for Business stands out as one one of its most innovative products, enabling businesses to eliminate almost 100% of their payables and payroll cheque payments. Other key features of the system include the capacity to make payments without supplier contact, advanced security measures, and the ability to approve payments remotely. With its strong track record and ongoing innovation, Telpay presents an intriguing investment prospect in the financial services and payments sectors, especially as it continues to maintain its foothold as a leader in the Canadian electronic payment space.