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 RBC Royal Bank
BMO Bank of Montreal
Website moneris.com

Moneris is Canada’s largest payment processor and acquirer of debit and credit card payments. Moneris was established in December 2000 as a joint venture between the Royal Bank of Canada and Bank of Montreal.[2] The company is headquartered in Toronto, Ontario and has a contact centre in Sackville, New Brunswick.[3] 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.[4]

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.[5]

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[6]

2005 – Processed Canada’s first Visa-certified EMV transaction[7]

2005 – Processed Canada’s first Interac Online transaction[8]

2007 – Became one of the first acquirers in Canada to be certified by Interac Association, MasterCard and VISA to deliver EMV technology[9]

2008 – Acquired Keycorp Canada, one of the largest providers of POS support services[10]

References

  1. ↑ "Moneris - Our Executive Team". Moneris. Retrieved May 15, 2017.
  2. ↑ "Moneris - Corporate History". Archived from the original on 2008-04-04. Retrieved 2008-08-28.
  3. ↑ "Minister Of Finance, Mayor Of Sackville And Moneris Solutions CEO Open New Sackville Contact Centre". Retrieved 2008-08-28.
  4. ↑ "Vantiv has made a key acquisition". Business Insider. 14 November 2016. Retrieved 26 June 2017.
  5. ↑ "Moneris Solutions - About Us". Retrieved 2009-02-16.
  6. ↑ "Moneris Solutions to Acquire Loyalty Program Specialist Ernex Marketing Technologies". Business Wire. 2003-10-29. Retrieved 2008-08-28.
  7. ↑ "Moneris Solutions demonstrates Canada's first Visa certified chip transaction". Retrieved 2008-08-28.
  8. ↑ "Payment provider Moneris Solutions processes Canada's first Interac Online transaction". Retrieved 2008-08-28.
  9. ↑ "Moneris Solutions delivers convenient and secure payment processing to Canadians through fully certified chip technology". Retrieved 2008-08-28.
  10. ↑ "Moneris Solutions Announces Strategic Acquisition of Keycorp Canada Inc.". Retrieved 2008-08-28.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.