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Moneris

3300 Bloor Street West, Toronto, Ontario, M8X 2X2, Canada

Overview

Moneris processes more than 3 billion credit and debit card transactions a year, for over 350,000 merchant locations across North America. We have over 1,900 dedicated employees who understand transaction processing and know how to make it work for you. As your primary payment processing source in an industry that constantly changes, Moneris is leading the way with innovation. A relationship with Moneris not only improves your satisfaction and ease of transaction processing today, but it will also ensure a superior value proposition for the future. Transaction processing is our primary business. Moneris is the industry leader because we focus all of our energy on the three key elements of processing - technology, innovation and people. These core strengths differentiate us in the marketplace and allow us to deliver exceptional value in transaction processing. Moneris was created as a joint investment between RBC Financial Group and BMO Financial Group (including Chicago-based Harris Bank) in December 2000. By maintaining the tradition of security, stability and strength of our parent banks, today Moneris is one of North America's leading processors of debit and credit card transactions for businesses of all sizes.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Credit
  • E-Commerce
  • Financial Services
  • FinTech
  • Gift Card
  • Payments
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Investment portfolio

  • Locqus

    Participated · Equity · Oct 2014

    Locqus offers a two-part platform—a time clock with payment processing and a web-based interface for customer tracking, employee management and job assignment—plus iOS and Android apps for field technicians. The product targets small and medium service businesses such as plumbers, handymen, landscapers and other trades, and the company trialed its service with 100 businesses ranging from two to 40 employees. The service is free for those tracking two teams of 20 employees each; SMS customer alerts and payment processing are available for $12 per user. Locqus launched after 18 months of development and is operating with a 16-person team out of Detroit’s Madison Block. Strategic partnerships include Samsung (the Locqus app is part of Samsung’s Galaxy Essential app pack) and payment processor Moneris, which will provide on-site payment processing and marketing access to its ~350,000 business customers. The company plans to offer in-app consumer financing by the end of Q1 2015 to enable on-the-spot financing for large purchases and installations.

Team

No current team members are available.