Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Telpay Starts Dialogue on Payment Systems in Canada

A copy of the Annual Report of Telpay Incorporated Trust Account for the year ending April 30, 2014 is now available.  It describes in detail the manner in which Telpay, Canada’s leading independent payment service provider, manages the billions of funds we handle annually. In addition to making it available to our customers and the public, Telpay is also sending it to Members of Parliament and the Senate, who are in the process of deliberations regarding payment systems in Canada.

Telpay is a long time trusted payment service provider.  We are pleased that the operations of Payments Service Providers are being reviewed at various regulatory levels.  Our 46 years of experience in handling payroll deposits and electronic bill payments, qualifies Telpay to suppose our experiences and procedures that are worthy for all MP’s and Senators to considers.  To read the complete letter, click here.

To summarize, a vibrant payment service industry with numerous participants is the best means of ensuring innovation, efficiency and fair pricing in the electronic payment field.   We also believe that adoption of certain Telpay procedures could leap frog Canada into a world leadership position in electronic payment systems.

In addition to sending the letter and Annual Report, Telpay is also arranging webinars for all MP’s and Senators who are interested in learning more.  As our customers, we welcome your participation. If interested in attending a webinar please send an email to tpmarketing@telpay.ca with Payment Webinar in subject line.  Telpay will advise you of date and time it will be held.

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

ASPs Are You Ready for CASL?

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Accounting Service Providers (ASP) Partners, to help you understand what Canada’s Anti-Spam Legislation (CASL) entails and how it will affect your communications, we have prepared a brief overview for you.

What is CASL

On July 1, 2014, the Canada Anti-Spam Legislation (CASL) will take effect.  This legislation is being put forth specifically to limit the spam messages that Canadians will receive via electronic means.  CASL therefore puts strict restraints on businesses in regards to the people they are allowed to send Commercial Electronic Messages (CEMs) to and what sort of content must be included in these messages.

What does this mean for businesses that send out information to their customers?  Under CASL, a business must receive consent of some type in order to legally continue to contact that customer.  CASL distinguished two types of consent, implied and express. 

Implied consent will apply to existing business relationships, personal relationships and cases where the recipient has disclosed their electronic address directly to the sender and has not stated that they do not wish to receive CEMs. However, implied consent will expire after a period of time of no commercial transactions between the business and the customer.

To obtain express consent, the sender must receive a confirmation of the recipient’s interest through a positive action.  For example, a pre-checked box will not be a legitimate way of receiving express consent.  The individual must actively confirm their consent by checking the box themselves.

Even after express consent has been established, all CEMs must continue to contain contact information for the business and an option to unsubscribe from further messages or notifications in the future.

Things to remember about CASL (Key Points):

–       The legislation will take effect July 1st, 2014

–       “Commercial Electronic Messages” refers not only to e-mail but to all electronic communication, including to text messages and communication via social media websites.

–       Businesses sending out CEMs must have acquired either implied or express consent from the recipients.

–       Disobeying the rules put forth by CASL will result in fines ranging from $1 million for an individual to $10 million for businesses.

Disclaimer:  This is not legal advice, it is merely information put forth to help you better understand the new rules and regulations that will be applied to Commercial Electronic Mail of all types. If you have any questions about our information or your interpretation of it, please consult a legal professional.

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Clara’s Big Ride Arrives in Winnipeg

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Telpay is pleased to sponsor Clara Hughes, 6-time Olympic Medalist and native Winnipegger, who will be making a pit stop on June 14th in her hometown during Clara’s Big Ride across Canada, as the spokesperson for Bell Let’s Talk.

Telpay is extremely proud to celebrate Clara’s arrival by sponsoring the VIP Room and T-shirts for Manitoba’s Big Social at the Manitoba Museum on Saturday, June 14 from 7:00 pm – 12:00 am. This will be a fun filled and family friendly event for a great cause, with all proceeds going to the Canadian Mental Health Association-Winnipeg Region. Clara will be giving a keynote address at 8:00. Following this there will be two rooms of live entertainment for guests to party the night away, along with a spectacular silent auction and food. The Dancehall Room will provide DJs and an interactive dance space and the Cabaret Room will feature local talent all night.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Telpay Platinum Sponsor Canadian Condominium Institute

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Telpay is pleased to be a Platinum Sponsor of the 2014 Canadian Condominium Institute Spring Conference, June 4–7 in Winnipeg. This annual conference is being hosted by the Manitoba Chapter of the Canadian Condominium Institute, bringing together members and experts from across the country.

As a Platinum Sponsor, Telpay will showcase our electronic payment system, on not only how to send, but also to receive money in the form of a Pre-Authorized Debit (PAD), which is key feature to property managers and condo owners.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Telpay Premiere Sponsor Manitoba Business Summit

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Telpay is pleased to be a Premier Sponsor of the 2014 Manitoba Business Summit, June 4-5 at the RBC Convention in Winnipeg. This annual conference presented by the Chartered Accountants and Certified Management Accountants of Manitoba, brings together over 400 professionals in accounting and business.

As a Premiere Sponsor, Telpay will also be an exhibitor showcasing our electronic payment system. Come meet our team and learn how your business can switch from cheques to electronic payments.

The conference will feature twelve informative technical sessions on a variety of subjects and skills critical to accounting and management fields, as well as personal and professional development. Topics will include privacy and spam legislation, the integration of social media into businesses, along with provincial and federal tax issues.

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