Telpay

Telpay

Financial Services

Winnipeg, Manitoba 1,268 followers

The Better Way to Pay

Follow

About us

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.

Website
http://www.telpay.ca
Industry
Financial Services
Company size
51-200 employees
Headquarters
Winnipeg, Manitoba
Type
Privately Held
Founded
1985
Specialties
Electronic Bill Payment, Electronic Funds Transfers, Direct Deposit, and CRA Remittances

Locations

Employees at Telpay

See all employees

Updates

  • View organization page for Telpay, graphic
    Telpay

    1,268 followers

    We’re wrapping up early today, November 29, 2024, at 4:00 PM CST to celebrate the season with our amazing team at Telpay's annual staff holiday party! Thank you for understanding, and we’ll be back to assist you on Monday, December 2, 2024 at 7:00 AM CST. Happy holidays from our team to yours!

    • No alternative text description for this image
  • View organization page for Telpay, graphic
    Telpay

    1,268 followers

    Fraud is evolving, but so are the ways to fight it. From spotting phishing emails to implementing secure payment solutions, business owners can take proactive steps to safeguard their hard-earned money. Small business owners have enough on their plate without having to worry about fraudsters looking to make an easy buck. Thankfully, there are a few key steps franchisees can take to rest assured their money is in good hands. Watch the news on any given day and you will likely be subject to stories about the latest con targeting consumers, businesses, or both. And in the 21st century, the odds of it being a financial scam conducted online is disproportionately high. “The types of frauds are constantly changing or evolving,” says John Zajic, Vice President, Corporate Policy & Compliance at Telpay, the largest independent electronic payment company in Canada. “Various forms of phishing attacks, social engineering, malware, and business email compromise are the most common threats to business and individuals.” From 2014 to 2019, the Canadian government reports that over $16 billion was lost to fraudsters, with a quarter of incidents amounting to $1,000 or more. Vulnerable populations are also more likely to be victims: immigrants, people with disabilities, and those who had “difficult experiences” such as intimate partner violence or childhood violence were at a higher risk of such events, according to Statistics Canada. On the contrary, those with higher education and higher income were also more likely than average to be targeted by these scams. Despite these numbers, fraud is still a crime that is grossly underreported to the police. In fact, only about one in 10 Canadians who have been scammed take the step to officially report it. (There is a larger percentage that reports the incident to their bank/credit card issuer or the Canada Anti-Fraud Centre, however.) The reason for this could be the deep-seated shame that comes with being a victim, even if it didn’t occur through any intentional action on their part. Bad actors are becoming exceptionally adept at both targeting their victims and executing their plans, and the data shows that their victims span a wide range of ages and life experiences. Gone are the days of obviously counterfeit emails urging you to provide payment so a foreign prince can access his funds being held in trust—though deceptions of that nature obviously exist, there are other more effective ways that bad actors are finding their way into your bank account. Read the full article, which was published in the September/October 2024 issue of Franchise Canada, here: https://buff.ly/4g5oDG3

    • No alternative text description for this image

Affiliated pages

Similar pages

Browse jobs