TORONTO, ONTARIO--(Marketwire - May 13, 2010) - Moneris Solutions is pleased to announce its adoption and support of the voluntary code of conduct for the credit and debit card industry announced by Minister Flaherty on April 16th, 2010.
"The ability for merchants to accept payments is a critical success factor for their business and it is important for them to be well informed of the associated costs", said Jim Baumgartner, President and CEO of Moneris Solutions. "In accepting payments, merchants are entitled to an acquirer relationship that fosters and promotes transparency and choice".
At Moneris Solutions, we continue to be proud of our history and proven track record of integrity in how we interact with our merchants. "The voluntary code of conduct solidifies our on-going advocacy regarding the payment industry and the products merchants accept and we are fully supportive of increased disclosure", said Baumgartner.
Moneris continues to provide excellence in payment processing. Over the next few months we look forward to working alongside all stakeholders to ensure adoption of the code across the entire payments industry.
About Moneris Solutions
As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than 3 billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.
