Moneris Solutions is Canada’s

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 largest processor and acquirer of debit

Debit card

A debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...

 and credit card

Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

 payments. Moneris was established in December 2000 as a joint investment between RBC Royal Bank and BMO Bank of Montreal. The company is headquartered in Toronto, Ontario and has a contact centre in Sackville, New Brunswick

Sackville, New Brunswick

Sackville is a Canadian town in Westmorland County, New Brunswick.Mount Allison University is located in the town...

. Moneris’ U.S. operations (formerly known as Harris Bank

Harris Bank

BMO Harris Bank is a subsidiary of Montreal-based Canadian bank Bank of Montreal. Today the bank holding company is formally named BMO Bankcorp, Inc....

 Merchant Services/The Charge-It-System) are based in Schaumburg, Illinois

Schaumburg, Illinois

Schaumburg is a city located in Cook County in northeastern Illinois. A common misspelling of the city name is Schaumberg, a spelling which persists on some modern maps. Schaumburg is located just under northwest of downtown Chicago and approximately northwest of O'Hare International Airport. As...

.

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

North America

North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

 .

Timeline

2000 – Moneris established. Becomes first Canadian acquirer to offer both VISA

Visa

Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...

 and MasterCard

MasterCard

Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

 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

British Columbia

British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

2005 – Processed Canada’s first VISA-certified EMV

EMV

EMV stands for Europay, MasterCard and VISA, a global standard for inter-operation of integrated circuit cards and IC card capable point of sale terminals and automated teller machines , for authenticating credit and debit card transactions.It is a joint effort between Europay, MasterCard and...

 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