Moneris Solutions

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Moneris Solutions
Solutions Moneris
Type Joint venture
Industry Bank
Founded Toronto, Ontario, Canada, 2000
Headquarters Toronto, Ontario
Schaumburg, Illinois
Key people Angela Brown - President & CEO [1]
Products Credit/Debit Card Acquiring Services
Parent RBC Royal Bank
BMO Bank of Montreal
Website http://www.moneris.com/

Moneris Solutions is Canada’s largest processor and acquirer of debit and credit card payments.[citation needed] Moneris was established in December 2000 as a joint investment between RBC Royal Bank and BMO 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) are based in Schaumburg, Illinois.

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.[4]

Timeline[edit]

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[5]

2005 – Processed Canada’s first VISA-certified EMV transaction[6]

2005 – Processed Canada’s first Interac Online transaction[7]

2007 – Became one of the first acquirers in Canada to be certified by Interac Association, MasterCard and VISA to deliver EMV technology[8]

2008 – Acquired Keycorp Canada, one of the largest providers of POS support services[9]

References[edit]