The State Bank of India (California) is a Los Angeles-based bank whose parent, the State Bank of India, is the largest commercial bank in India in terms of assets, deposits, branches and employees.

Under the new three-year agreement, State Bank of India (California) will offer advanced point-of-sale technologies, wireless payment processing and electronic bill payment to its business customers using Moneris Solutions' transaction-processing technologies, hardware and software.

"We are proud to offer exceptional programs and personal service to engage our clients in a value-added partnership," said Damodaran Pillai, chief credit officer of State Bank of India (California). "Moneris Solutions offers the payment processing technology, expertise and hands-on service that allow us to provide superior service to our commercial customers."

"We appreciate the opportunity to partner with the State Bank of India (California) in providing a customized solution to meet their specific needs," said Greg Cohen, president of Moneris Solutions U.S. "This is yet another example of how Moneris Solutions can work with clients of all sizes and specialties to design and implement a payment processing solution to best meet the customer's needs."