Moneris Solutions

Moneris Solutions
Solutions Moneris

Type	Joint venture
Industry	Bank
Founded	Toronto, Ontario, Canada, 2000
Headquarters	Toronto, Ontario Schaumburg, Illinois
Key people	James W. Baumgartner - President & CEO
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.^[1] The company is headquartered in Toronto, Ontario and has a contact centre in Sackville, New Brunswick.^[2] 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 ^[3].

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 primarily based in Burnaby, British Columbia^[4]

2005 – Processed Canada’s first VISA-certified EMV transaction^[5]

2005 – Processed Canada’s first Interac Online transaction^[6]

2007 – Became one of the first acquirers in Canada to be certified by Interac Association, MasterCard and VISA to deliver EMV technology^[7]

2008 – Acquired Keycorp Canada, one of the largest providers of POS support services^[8]

References

1. ^ "Moneris Solutions - Corporate History". Archived from the original on 2008-04-04. http://web.archive.org/web/20080404014112/http://www.moneris.com/corporate/monerissolutions/history.php. Retrieved 2008-08-28. 
2. ^ "Minister Of Finance, Mayor Of Sackville And Moneris Solutions CEO Open New Sackville Contact Centre". http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=20. Retrieved 2008-08-28. 
3. ^ "Moneris Solutions - About Us". http://www.moneris.com/index.php?context=/aboutus. Retrieved 2009-02-16. 
4. ^ "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. 
5. ^ "Moneris Solutions demonstrates Canada's first Visa certified chip transaction". http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=85. Retrieved 2008-08-28. 
6. ^ "Payment provider Moneris Solutions processes Canada's first Interac Online transaction". http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=82. Retrieved 2008-08-28. 
7. ^ "Moneris Solutions delivers convenient and secure payment processing to Canadians through fully certified chip technology". http://www.moneris.com/index.php?context=/aboutus/mediacenter/pressreleases&id=109. Retrieved 2008-08-28. 
8. ^ "Moneris Solutions Announces Strategic Acquisition of Keycorp Canada Inc.". http://findarticles.com/p/articles/mi_hb5559/is_200804/ai_n25281345. Retrieved 2008-08-28. ^{[dead link]}