Moneris Solutions

Moneris Solutions

July 07, 2008 14:36 ET

Moneris Solutions Strengthens Payment Processing Leadership Within Quebecois Market

TORONTO, ONTARIO--(Marketwire - July 7, 2008) -

Attention Business and News Editors

Moneris Solutions Largest Payment Processor in Canada Leading the Way for CHIP Through Technology and Education

Moneris Solutions, Canada's largest processor of credit, debit and gift card payments, today announced it is experiencing tremendous chip-based technology usage and growth within the Quebec market -offering a more integrated, secure and convenient experience for local consumers and merchants.

Moneris Solutions was the first acquirer in Canada to be certified by the Interac Association, Mastercard and VISA to deliver convenient and secure payment processing to Canadians through fully certified chip-based technology. A chip card is a plastic payment card (debit or credit) with an embedded microchip that cardholders insert into a point-of-sale (POS) terminal or ABM.

As the nation's leading electronic payment processor, and with 15 per cent of their work force in Quebec, Moneris Solutions is in a unique position to track technology trends and examine patterns in the Canadian economy as well as the Quebec market. This includes the recent acquisition of Montreal-based electronic payment solutions provider KeyCorp Canada Inc., now known as MSC (Moneris Services Corporation) and is actively involved in forward-thinking programs such as the chip card pilot initiative for merchants in Saint-Jerome, Que.

Since June 2005, Moneris have been actively arming merchants with the technology needed to process CHIP transactions.

"Moneris Solutions is leading the charge towards Canada's migration to chip technology and this is being reflected in our strength and presence in the Quebec market," said Brian Green, Senior Vice President, Moneris Solutions. "We are thrilled that customers and businesses alike understand the innovative benefits of chip-based technology as one of the safest, most secure payment options available today."

Moneris Solutions has an ongoing commitment to merchant training programs, reinforcing a smooth process for the merchant and the customer alike.

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. Through its Ernex division, Moneris also provides electronic loyalty and stored-value card programs. Through its MSC division, Moneris offers electronic payments technical integration and POS equipment services. With more than 350,000 merchant locations generating close to three billion payment card transactions annually, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

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