Moneris Solutions Corporation

Moneris Solutions Corporation

December 01, 2010 15:13 ET

Moneris Solutions Celebrates a Decade at the Forefront of Payment Processing

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2010) - Today, Moneris Solutions celebrates their ten-year anniversary as the largest debit and credit card processor in Canada and the 8th largest processor in the world.

"We are thrilled to reach this ten-year milestone with a strong track record of achievement," says Jim Baumgartner, President and CEO, Moneris Solutions. "Over the last decade, Moneris has become not only Canada's leading payment processor, but also a thought leader in spending analysis. We attribute our successes to our people and our history and proven track record of integrity in how we interact with our merchants." Moneris is proud of its on-going advocacy regarding the payment industry and the products merchants accept. Moneris was the first acquirer to fully adopt the voluntary code of conduct for the credit and debit card industry and continues to be an active participant in the comprehensive and inclusive discussions with the government and industry stakeholders

Established in 2000, Moneris is a privately held, joint investment between the Royal Bank of Canada (RBC) and Bank of Montreal (BMO). Moneris processes over 2.7 billion credit and debit card transactions annually, serving over 350,000 merchant locations.

In addition to providing payment processing services, Moneris is a thought leader in industry spend analysis and the only Canadian acquirer to continually leverage this knowledge and insight. Consistently adding value to its merchants and Canadian consumers, Moneris analyzes and releases quarterly spending and the spending associated with special dates, seasons and events both at the national and regional level. During the holiday season, Moneris releases spending trends encapsulating the Canadian retail landscape. As this data is factual and timely, it presents a clear and comprehensive picture of the retail environment nation-wide. 

Over the past ten years, Moneris Solutions has experienced ten uninterrupted years of continuous growth. Baumgartner attributes an unwavering commitment to innovation and continuous investment in people and technology to the long term success of Moneris. 

"At Moneris we look forward to more achievements as our company and our industry are embracing technological innovation and working on providing enhanced value to our merchants," says Mr. Baumgartner. "This milestone demonstrates our growth and highlights our progressive future."

About Moneris Solutions

As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

Contact Information

  • Media Contact:
    MAVERICK Public Relations
    Kirsten Walkom
    Consultant
    416.640.5525 x 237 or Mobile: 416.662.1487
    kirstenw@maverickpr.com