Definitions

Moneris Solutions

Moneris Solutions

Moneris Solutions is Canada’s largest processor and acquirer of debit and credit card payments. Moneris was established in December 2000 as a joint investment between RBC Royal Bank and BMO Bank of Montreal. Moneris is headquartered in Toronto, Ontario and has a contact centre in Sackville, New Brunswick. Moneris’ U.S. operations (formerly known as Harris Bank Merchant Services/The Charge-It-System) are based in Schaumburg, Illinois.

Moneris processes more than 2.5 billion transactions a year for over 350,000 merchant locations and employs more than 1,100 people across North America .

Timeline

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 based in Burnaby, British Columbia

2005 – Processed Canada’s first VISA-certified EMV transaction

2005 – Processed Canada’s first Interac Online transaction

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

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

References

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