Telpay
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Telpay Incorporated is the largest independent electronic payment company in Canada, processing over $19.5 billion in 2020.[1]
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.[2][3] In March 1985, the first reports of telephone-generated bill payments were delivered to Manitoba Hydro and Manitoba Telephone System.[2]
In 1992, Loewen sold Comcheq to CIBC, but retained control of the Telpay division, thereby establishing Telpay Incorporated, with Loewen as chair.[2]
Organization
Telpay headquarters is located in downtown Winnipeg, in a heritage building built in 1909 by the Canada Permanent Trust Company.[3] The current President is Kevin Sokolowski.[4]
See also
- Electronic bill payment
- Online banking
- Electronic business
- E-commerce
- Electronic funds transfer
- Comparison of shopping cart software
- Federal Financial Institutions Examination Council