25 February 2017
Visit EBAday.com

Canada's Moneris awards VeriFone $10m EMV terminal contract

27 February 2009  |  6870 views  |  0 card chip

Bank-backed Canadian card payments processor Moneris is gearing up for the country's migration to EMV by awarding eftpos vendor Verifone a $10 million contract for the supply of terminals.

Canada's payments association Interac began the national roll out of Chip and PIN debit cards in October after participants in a trial gave the technology the thumbs up.

Interac says the migration will take several years, with each bank and payment processor following their own timeline, but insists all merchant terminals must be compliant by 31 December 2015.

Moneris, a joint investment between RBC Royal Bank and BMO Bank of Montreal, processes more than three billion card transactions a year for merchants at over 350,000 locations across North America.

The processor has signed for VeriFone EMV and PCI-approved terminals to help merchants deal with the migration.

Moneris has selected Vx 810 and Vx 810 Duet countertop systems, both of which can be pre-equipped or field-upgraded with a contactless module, as well as the GPRS version of the Vx 670, a handheld payment device designed specifically for wireless, customer-facing payments.

"VeriFone's Vx Solutions line provides us with options to meet the payment needs of our broad merchant base and their migration to EMV," says Jeff Guthrie, COO, Moneris.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Canada begins Chip and PIN roll out

Canada begins Chip and PIN roll out

28 October 2008  |  10528 views  |  0 comments
Verifone bullish on second half outlook

Verifone bullish on second half outlook

20 August 2008  |  4238 views  |  0 comments
Keycorp sells Canadian unit; buys Stepnexus subsidiaries

Keycorp sells Canadian unit; buys Stepnexus subsidiaries

03 April 2008  |  6794 views  |  0 comments
Verifone CFO quits after accounting probe

Verifone CFO quits after accounting probe

02 April 2008  |  7355 views  |  0 comments
Chip and PIN trial kicks off in Canada

Chip and PIN trial kicks off in Canada

17 October 2007  |  7261 views  |  0 comments
VeriFone beats incumbent to Turkiye Finans eftpos contract

VeriFone beats incumbent to Turkiye Finans eftpos contract

24 April 2007  |  4517 views  |  0 comments
Moneris processes first Interac Online debit transaction

Moneris processes first Interac Online debit transaction

07 June 2005  |  4404 views  |  0 comments
Moneris Solutions to ship Cardinal Centinel payments software

Moneris Solutions to ship Cardinal Centinel payments software

30 April 2003  |  2920 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukhttp://www.financialcrimerisk.fiserv.com/aml?r=finextravisit dh.com

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12440 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8493 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6737 views comments | 18 tweets | 13 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6599 views comments | 7 tweets | 4 linkedin
Visa opens London innovation centreVisa opens London innovation centre
6004 views comments | 20 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job