Moneris Solutions

Moneris

Type| Joint venture
Industry| Banking
Founded| 2000; 26 years ago (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 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]

In August 2019, Moneris Solutions released a new device with a nine-centimetre touch color screens to enhance their card payment processing.[7]

## History

2000 – Moneris was established. It became first Canadian appropriator 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[8]

2005 – Processed Canada's first Visa-certified EMV transaction[9]

2005 – Processed Canada's first Interac Online transaction[10]

2007 – Became one of the first appropriator in Canada to be certified by Interac Association, MasterCard and VISA to deliver EMV technology[11]

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

## References

1. ↑ "Moneris - Our Executive Team". Moneris. https://www.moneris.com/en/About-Moneris/Our-Team. Retrieved May 15, 2017.
2. ↑ "Sage 50 Accounting is now connected to Moneris | Sage" (in en). https://www.sage.com/ca/sage-50-accounting/lp/moneris.
3. ↑ "Moneris - Corporate History". Archived from the original on 2008-04-04. https://web.archive.org/web/20080404014112/http://www.moneris.com/corporate/monerissolutions/history.php. 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. https://web.archive.org/web/20071010095604/http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=20. Retrieved 2008-08-28.
5. ↑ "Vantiv has made a key acquisition". 14 November 2016. http://www.businessinsider.com/vantiv-acquires-moneris-usa-2016-11.
6. ↑ "Moneris Solutions - About Us". Archived from the original on 2009-02-24. https://web.archive.org/web/20090224111106/http://moneris.com/index.php?context=/aboutus. Retrieved 2009-02-16.
7. ↑ "Square looks to shake up Canada's checkout payment industry". 2019-08-08. https://www.cbc.ca/news/business/square-terminal-payment-system-1.5240120.
8. ↑ "Moneris Solutions to Acquire Loyalty Program Specialist Ernex Marketing Technologies". Business Wire. 2003-10-29. http://findarticles.com/p/articles/mi_m0EIN/is_2003_Oct_29/ai_109401830. Retrieved 2008-08-28.
9. ↑ "Moneris Solutions demonstrates Canada's first Visa certified chip transaction". Archived from the original on 2007-10-10. https://web.archive.org/web/20071010095050/http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=85. Retrieved 2008-08-28.
10. ↑ "Payment provider Moneris Solutions processes Canada's first Interac Online transaction". Archived from the original on 2007-10-10. https://web.archive.org/web/20071010095632/http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=82. Retrieved 2008-08-28.
11. ↑ "Moneris Solutions delivers convenient and secure payment processing to Canadians through fully certified chip technology". Archived from the original on 2007-10-08. https://web.archive.org/web/20071008095125/http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=109. Retrieved 2008-08-28.

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