Moneris Solutions

Moneris
Joint venture
Industry Banking
Founded 2000 (2000)
Headquarters Toronto, Ontario, Canada
Key people
 Angela Brown - President & CEO [1]
Services Payment processor
Parent Royal Bank of Canada
BMO Bank of Montreal
Website moneris.com

Moneris is Canada’s largest financial technology company that specializes in payment processing[2]. Moneris was established in December 2000 as a joint venture between the Royal Bank of Canada and Bank of Montreal.[3] The company is headquartered in Toronto, Ontario and has a contact centre in Sackville, New Brunswick.[4] Moneris’ U.S. operations (formerly known as Harris Bank Merchant Services/The Charge-It-System) were based in Schaumburg, Illinois, until being sold in November 2016 to Vantiv.[5]

Moneris processes more than 3 billion transactions a year for over 350,000 merchant locations, and employs more than 1,900 people across North America.[6]

History

2000 – Moneris established. Becomes first Canadian acquirer to offer both VISA and MasterCard merchant accounts in one single point of contact

2003 – Acquired Ernex Marketing Technologies, a gift and loyalty card processor primarily based in Burnaby, British Columbia[7]

2005 – Processed Canada’s first Visa-certified EMV transaction[8]

2005 – Processed Canada’s first Interac Online transaction[9]

2007 – Became one of the first acquirers in Canada to be certified by Interac Association, MasterCard and VISA to deliver EMV technology[10]

2008 – Acquired Keycorp Canada, one of the largest providers of POS support services[11]

References

  1. ↑ "Moneris - Our Executive Team". Moneris. Retrieved May 15, 2017.
  2. ↑ "Sage 50 Accounting is now connected to Moneris | Sage". www.sage.com. Retrieved 2017-12-18.
  3. ↑ "Moneris - Corporate History". Archived from the original on 2008-04-04. Retrieved 2008-08-28.
  4. ↑ "Minister Of Finance, Mayor Of Sackville And Moneris Solutions CEO Open New Sackville Contact Centre". Archived from the original on 2007-10-10. Retrieved 2008-08-28.
  5. ↑ "Vantiv has made a key acquisition". Business Insider. 14 November 2016. Retrieved 26 June 2017.
  6. ↑ "Moneris Solutions - About Us". Archived from the original on 2009-02-24. Retrieved 2009-02-16.
  7. ↑ "Moneris Solutions to Acquire Loyalty Program Specialist Ernex Marketing Technologies". Business Wire. 2003-10-29. Retrieved 2008-08-28.
  8. ↑ "Moneris Solutions demonstrates Canada's first Visa certified chip transaction". Archived from the original on 2007-10-10. Retrieved 2008-08-28.
  9. ↑ "Payment provider Moneris Solutions processes Canada's first Interac Online transaction". Archived from the original on 2007-10-10. Retrieved 2008-08-28.
  10. ↑ "Moneris Solutions delivers convenient and secure payment processing to Canadians through fully certified chip technology". Archived from the original on 2007-10-08. Retrieved 2008-08-28.
  11. ↑ "Moneris Solutions Announces Strategic Acquisition of Keycorp Canada Inc". Retrieved 2008-08-28.
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