Leading the Way: Moneris' Many "Firsts"

June 26, 2014 Moneris

At Moneris, we’re always looking for ways to help make it easier and more secure for you to do business.That’s why we’re the company behind many “firsts” in the payment processing industry.

We're here to help you safely grow your business

Read on to find out how Moneris leads in the payment processing industryAs part of our commitment to helping our merchants safely grow their businesses on the go, we recently introduced Canada’s first smartphone-based mobile debit and credit payment solution: PAYD™PRO. It works with iPhone®, iPad®and iPod touch®, and provides secure payment methods that include, EMV® Chip & PIN technology, contactless, and swipe1.

PAYD PRO gives merchants the ability to offer debit and credit card acceptance just about anywhere, at any time – introducing customers to a whole new method of payment convenience.

Rob Cameron, Chief Product & Marketing Officer, Moneris Solutions

“With recent advancements in mobile technology, customers have come to expect that most of their daily activities can be performed on the go,” says Rob Cameron, Chief Product and Marketing Officer of Moneris. “PAYD PRO gives merchants the ability to offer debit and credit card acceptance just about anywhere, at any time – introducing customers to a whole new method of payment convenience.”

For more information, visit getpayd.com.

Other Moneris "Firsts"

  • 2013 – Moneris is the first Canadian payment processor to facilitate a mobile debit transaction with Interac Flash™, Canada’s first contactless debit payment system.
  • 2009 – Moneris is the first North American payment processor to achieve Self-Approval Status for MasterCard®’s Terminal Integration Process (TIP) certification, making it faster and less costly for integrated merchants to achieve this status.
  • 2007 – Moneris is among the first to support an encryption based solution for EMV Chip Transactions for credit and debit cards. Already certified by Visa®, Moneris receives certification from MasterCard and Interac®, setting the stage for chip-based payment platforms.
  • 2005 – Moneris demonstrates Canada’s first Visa certified chip transaction in Toronto. Moneris is the first payment processor to receive certification from Visa Canada to process and settle chip transactions.

We look forward to bringing you more breakthroughs and security features that help you operate and grow your business.

Do you have questions about Moneris' security measures? Email insights@moneris.com.

1The PAYD PRO PIN Pad is provided as a rental terminal provided under the PAYD PRO service. Under the terms of your merchant agreement, the PAYD PRO PIN Pad must be returned when the merchant agreement ends.


®MONERIS, MONERIS & Design, and MONERIS SOLUTIONS & Design are registered trade-marks of Moneris Solutions Corporation (Moneris).INTERAC and INTERACT FLASH are registered trade-marks of Interac Inc. and used under license. IPHONE, IPAD and IPOD TOUCH are trademarks of Apple Inc., registered in the U.S. and other countries. EMV is a registered trade-mark of EMVCO, LLC. MASTERCARD is a registered trade-mark of MasterCard International Incorporated. VISA is a registered trade-mark of Visa International. All other marks or registered trade-marks are the property of their respective owners. PAYD is a trade-mark of Moneris Solutions Corporation. The information in this newsletter is provided solely for informational purposes and is not intended to be legal, financial or other professional advice.

About the Author

Moneris

Moneris processes more than 3 billion credit and debit card transactions a year, for over 350,000 merchant locations across North America. We have over 1,300 dedicated employees who understand transaction processing and know how to make it work for you.

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