Telpay

Last updated
Telpay Incorporated
Company typePrivate
IndustryBanking, e-commerce
Founded1985;39 years ago (1985)
Founder Bill Loewen
Headquarters1565 Willson Place, ,
Canada
Key people
Kevin Sokolowski, President, About the Team
ProductsElectronic payment software
ServicesElectronic payment processing
Number of employees
68 [1]
Website telpay.ca

Telpay Incorporated is the largest independent electronic payment company in Canada, processing over $19.5 billion in 2020. [2]

Contents

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]

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References

  1. "Telpay Incorporated | Better Business Bureau® Profile".
  2. http://www.telpay.ca/images/pdfs/telpay_annual_trust_report_2012.pdf%5B‍%5D
  3. 1 2 3 "Our History". Telpay. Retrieved 2021-09-06.
  4. 1 2 "Who We Are". Telpay. Retrieved 2021-09-06.
  5. "The Team".