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NOVEMBER 2016
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The Canadian Business Journal
with proven payment processing solutions that
improve merchants’ day-to-day efficiency and
profitability. Paysafe is now incorporated by
merchants and consumers in over 200 countries
using more than 100 payment types and 40 cur-
rencies. Transactions are straightforward with
fast, convenient and secure methods to pay-
before, pay-now and pay-later options made
available through its digital wallets, prepaid solu-
tion, payment processing and card issuing and
acquiring products and services.
The Canadian Business Journal
recently spoke
with two of Paysafe Group’s top Montreal-based
executives: President and CEO Joel Leonoff and
Chief Operating Officer Danny Chazonoff about
the tremendous success they have achieved.
Although the company has been known as
Paysafe for one year, since November 2015, its
origins date back to 1996 in Montreal where
Leonoff was originally working with Chazonoff
at MPACT Immedia. An ecommerce-oriented
establishment, it was publicly-traded on the
Toronto Stock Exchange. A deal was transacted
that brought about a merger with the ecom-
merce division of Bell Canada, resulting in the
creation of BCE Emergis.
After about a year, Leonoff approached the
board of directors and wound up purchasing
the payment processing division and rolled it
into another publicly-traded company called
SureFire Commerce.
“It was a payment processing business and
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