19 February 2018
Visit www.avoka.com

Moneris live with Euronet acquiring system

24 July 2007  |  2050 views  |  0 Source: Euronet Worldwide

Euronet Worldwide's (Nasdaq: EEFT) subsidiary, Euronet Essentis, a leading international provider of Card Issuing and Merchant Acquiring solutions, today announced that Moneris Solutions, the merchant processing joint venture between Royal Bank of Canada and Bank of Montreal, is live with Essentis Acquirer.

The live conversion was successfully completed on June 1st , following a major integration project for the complete replacement of the Moneris back-end processing platform. The solution included a migration in excess of 480,000 merchants and processes an average daily transaction volume of 7.5 million.

Moneris provides businesses with technologically advanced, easy to use, point-of-sale solutions designed to electronically process and authorize credit and debit card transactions, including customized loyalty card transactions. Through the use of the Essentis Acquiring solution, Moneris' leveraged leading-edge technology to help their merchants streamline payment processing and improve business efficiency.

Jeff Guthrie, Chief Operating Officer of Moneris Solutions, said "We chose Essentis Acquirer because of its wide range of functionality. By converting our portfolio and operations to the Essentis Acquirer solution we can achieve greater operational efficiency and meet the changing needs of the marketplace. We are particularly pleased that that the migration of our large merchant base was accomplished without any disruption in service. This successful implementation is a reflection of the strength of Moneris' partnership with Euronet."

"Moneris Solutions required a highly flexible and sophisticated processing solution to support its back-office merchant acquiring activities," commented Cindy Ashcraft, Managing Director of Euronet Software Segment. "The Essentis Acquirer module provides that solution, giving Moneris Solutions unrivalled functionality to support their business expansion."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.swift.com/your-needs/instant-paymentsVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11519 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9081 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8935 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8822 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7471 views comments | 12 tweets | 10 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job