SHOP.CA

SHOP.CA
Moneris Solutions

Moneris Solutions

April 16, 2012 13:08 ET

SHOP.CA Partners With Moneris Solutions for Processing Platform

TORONTO, ONTARIO--(Marketwire - April 16, 2012) - SHOP.CA, the largest online shopping destination ever created specifically for the Canadian consumer, has announced its partnership with Moneris Solutions®, Canada's leading credit and debit card processor. Moneris will provide e-commerce payment processing services for SHOP.CA's sophisticated and powerful transaction platform.

SHOP.CA represents a revolution in Canadian online shopping. At launch, shoppers will have access to more than $10 billion worth of product inventory across 26 categories, with thousands of brands and 750 stores. Canadians can shop for their favourite brands without having to turn to U.S. sites, which may limit selection, impose shipping and brokerage fees and void warrantees.

Slated to launch in May 2012, SHOP.CA will offer everything from apparel to eBooks and consumer electronics. It will also include free shipping and free returns, as well as cash back on every purchase through its lucrative Social Loyalty Network™.

"We have seen a significant inflection point in online shopping among Canadians," says Jeff Guthrie, Chief Sales and Marketing Officer for Moneris. "SHOP.CA will deliver the Canadian-tailored online shopping experience they are looking for while Moneris will provide the reliability and security they need when making purchases. We are truly excited to be a part of the Canadian online shopping revolution that SHOP.CA will start."

SHOP.CA will have a strong online presence across all social media platforms, including mobile and tablet devices. Moneris will showcase its innovation in the e-commerce space while offering easy-to-use payment services for consumers.

"We created SHOP.CA to meet the specific online shopping needs of the Canadian consumer, and partnerships with industry leaders is a key to our strategy," says Drew Green, CEO and founder of SHOP.CA. "Our partnership with Moneris is unique and ensures that data and personal information is absolutely secure."

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. With more than 350,000 merchant locations generating close to 3 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.

About SHOP.CA

SHOP.CA is committed to becoming Canada's leader in online shopping by providing a unique Canadian experience that combines authoritative selection of products, unparalleled service and a social loyalty program that rewards members on every purchase. Scheduled to launch in May 2012, SHOP.CA will offer Canadian online shoppers a compelling alternative to current shopping options.

Please visit www.SHOP.CA and register for updates on our progress.

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