News & Press Releases

6 July 2005

Moneris Solutions Corporation Selects Essentis for back office Merchant Acquiring System

Leading North American Acquirer to consolidate for growth on Essentis

Essentis Limited, a leading provider of Merchant Acquiring and Card Issuing solutions, today announced that Moneris Solutions Corporation, one of North America’s largest acquirers, has selected Essentis as its platform for continued business growth.

Using Essentis, Moneris will consolidate its US and Canadian portfolios onto a single platform. The flexibility and power of the merchant hierarchy, terms and conditions as well as the multi-currency and chip support will enable Moneris to cost-effectively provide value added payment acceptance services to existing merchants and provide a clear competitive advantage in acquiring additional merchant portfolios. Additionally, the improved presentation of information to operations staff and agents will facilitate enhanced levels of customer service to merchants.

Moneris needed a product that would handle its existing high volumes of transactions and that provides a basis for innovative business growth in both traditional and new markets.

“Value through innovation. That’s our goal,” explains Jim Baumgartner, President & CEO, Moneris. “The versatility and rich functionality of the Essentis platform uniquely complements our strategy by providing increased flexibility and choice to our merchant customers.”

“Moneris selected Essentis to deliver the business benefits for which it was designed,  providing comprehensive functionality and flexibility for major players in the international market place”, said Afzal Amijee, CEO of Essentis Limited. “Essentis will provide a platform for Moneris to deliver value add to existing merchants and a competitive advantage in gaining additional merchants”.
 

About Moneris Solutions Corporation
Moneris is Canada’s largest and one of North America’s largest providers of credit and debit card payment services to merchants in virtually every industry segment, handling more than two billion transactions a year. Through its Ernex division, Moneris offers leading-edge electronic loyalty and gift card programs. With more than 350,000 merchant locations as its clients, Moneris provides the hardware, software and systems needed to improve business efficiency and manage point-of-sale information, and is the only payment processor in Canada to offer an IP network solution to merchants coast-to-coast. For more information please visit www.moneris.com.
 

About Essentis Limited
Essentis is a leading provider of back office Merchant Acquiring and Card Issuing systems. It has been successfully delivering solutions to the leading players in the payments industry since 1986. The Essentis product has been architected to take advantage of the latest technological developments and designed to incorporate the flexibility and power needed by players in today’s competitive market place. For more information please visit www.essentis.com.

For more information please contact;
Kevin Tait
Moneris Solutions Corporation
416-734-1135
Kevin.tait@moneris.com
 

John Leake, Essentis Limited
+44-1923-422574