Moneris Solutions Purchases Merchant Acquiring Portfolio from RBC Centura

Friday 13 February 2004 06:00 CET | News

Moneris Solutions has purchased the merchant acquiring portfolio of RBC Centura Bank, the North Carolina-based subsidiary of Royal Bank of Canada. Terms of the deal were not disclosed.

In addition, Moneris and RBC Centura have agreed to a referral arrangement, providing Moneris with the opportunity to sign up new merchant accounts from RBC Centuras 242 branches located throughout North Carolina, South Carolina, Virginia, Georgia and Florida. The deal expands Moneris scale and distribution throughout the United States. Acquiring RBC Centuras current merchant acquiring portfolio together with access to its current and future branch network provides Moneris with an opportunity to align itself with an established financial institution in a new geographical area. Moneris offers card transaction and payment services for businesses in virtually every industry segment that accept Visa, MasterCard, American Express, Diners, Discover/Novus, and Interac Direct Payment. Moneris also offers a variety of point of sale solutions including e-commerce and wireless, and through its Ernex division, leading-edge electronic loyalty and gift card programs.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce