Telpay has a rich, colourful and innovative history. W.H. (Bill) Loewen, F.C.A. is a Chartered Accountant, entrepreneur, and philanthropist in Winnipeg. Loewen was raised in the small farming community of Elkhorn, Manitoba and later moved to Winnipeg. His wife Shirley is also a prominent figure in the Winnipeg Arts Community.
In 1968, Loewen launched the payroll company Comcheq Services. Loewen computerized payroll and turned Comcheq into a national success with 22 branches and 453 workers. In 1985, Telpay was founded as the R&D division of Comcheq and pioneered the first telephone bill payment service. (Now you know Telpay stands for telephone payments and honours our innovative history.) In 1990, Loewen was named Manitoba Executive of the Year.
In 1992, Loewen sold Comcheq to Canadian Imperial Bank of Commerce, but retained control of the Telpay division and used it to secure the customer electronic bill payment contract with many financial institutions including the National Bank of Canada. In 2004, moving from telephones to computers and the Internet, Telpay was named the “Innovator of the Year” by the Winnipeg Chamber of Commerce. In 2005, Telpay received the Distinguished Treasury Award from the Treasury Management Association of Canada. In 2007, Loewen was appointed to the Canadian Payments Association Bill Payment Task Force.
Today Telpay’s flagship product is Telpay for Business which allows businesses to direct deposit, pay suppliers, CRA Remittances, and international payments. Proudly based in Winnipeg and located in a historic downtown building, Telpay is Canada’s largest independent electronic payment company, processing over $17.7 billion in payments in 2017.