Telpay Revenue and Competitors

Since 1985 Telpay has been processing electronic bill payments and payroll direct deposits for Canadians. Telpay Inc. is the largest independent processor of electronic funds transfers (EFTs) in Canada, processing over $17.7 billion. Telpay was founded as a division ComCheq Services Ltd (1968), Canada's first and later largest outsourced payroll service. Telpay revolutionized the payments industry by designing the first system giving people the ability to pay a bill over the telephone. By the 1990s, Telpay had introduced online bill payment systems to Canadian financial institutions. Telpay continues to provide bill payment processing for financial institutions. Telpay remains the leader in the Canadian electronic payment (EFT, Direct deposit) payment industry. Tens of thousands of businesses use The Telpay Payment System to accept electronic/online payments, and to pay employees, suppliers, government remittances, contractors in Canada and Internationally. Telpay for Business is among Telpay's most innovative products as it allows a business to eliminate almost 100% of their payables and payroll cheque payments. Users of the most advanced electronic payment system in Canada can pay anyone, are not required to contact/inform their suppliers (Telpay's enrolment team will contact suppliers), has advanced security features, and can approve payments while away from the office.

keywords:Banking,Finance,Payments