5 Things You May Not Have Known About Moneris

September 24, 2018

As Canada’s largest payment processor with 18 years in the payments industry, Moneris has become a trusted name to businesses and customers alike. But how much do you actually know about Moneris outside of our product lineup?

We thought it would be fun to let you know a little bit more about Moneris, how we came to be and who we are now!

We’re the Brainchild of Two Top Canadian Banks

Moneris was created as a joint venture between two of Canada’s largest banks, Royal Bank of Canada (RBC) and Bank of Montreal (BMO), including Harris Bank, in December 2000. We’ve continued to maintain and grow on their traditions of financial security and market strength, to help build Moneris into one of North America’s leading payment providers.

We Process a Lot, for a Lot of Businesses

With the title of Canada’s #1 payment processor comes a lot of processing! Moneris processes approximately 3 billion transactions every year, at over 350,000 merchant locations across the country. With the Canadian population sitting at an approximate 37 million, that totals approximately 270 processed transactions per person, per year.

Our Executive Team Has Almost Equal Gender Parity

We know how important it is to have strong leaders running an organization, and we’re proud to have some of the best minds in the payments industry on our executive team. Our President and Chief Executive Officer is Angela Brown, an award-winning leader with more than 25 years in the payments industry. We also have women chief executives in Human Resources, Finance, Legal and our Corporate Secretary. Our male chief executives lead our Technology, Risk, Sales and Marketing, Operations, and Product and Partner departments.

We’re Not a One-size Fits All Company

Canadian business owners are unique, and so too are their business needs. That’s why we continue to ensure our solutions evolve with the market – and our merchants – wherever the future of payments takes us. This includes offerings such as:  

  • Different terminal types, including countertop, short-range, long-range and self-serve devices
  • Mobile payment offerings, including our PAYD and PAYD Pro
  • Online payment solutions, including ecommerce platforms, digital wallets and fraud tools
  • Additional products like customizable gift cards, iPad POS systems, and dynamic currency conversion.

We’re Always Ready and Happy to Help

We know how important it is for your business to be payment ready at every hour of the day. To make sure help is on hand when you need it, our knowledgeable customer service representatives are on-call 24/7 to answer any questions or concerns you may have. You can also check out our support webpage for downloadable product guides and troubleshooting information, and our Insights blog for how-to articles on our most popular terminals.

Here at Moneris, we’re always growing and learning from our merchants, so hopefully you’ve learned something new about us in this article! If you want to find more, make sure to check out our article, 5 Reasons Why Merchants Choose Moneris.

The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. 

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