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Moneris Solutions processes payments for businesses of every size, providing a complete set of commerce solutions with local support. Its products handle in-person and online transactions through payment gateways, point-of-sale systems, card readers, and digital wallets. Merchants enroll, integrate, and accept payments, with funds settled to their bank accounts after authorization and routing through secure networks. Moneris differentiates itself by its long-standing presence in Canada, covering micro-merchants to large enterprises, and offering hands-on local knowledge and support to help businesses grow both online and in-store. The company’s goal is to help Canadians start or expand their ventures by enabling easy, reliable payment acceptance and customer connections across communities and beyond.
Industries
Enterprise Software
Financial Services
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$425M
Headquarters
Toronto, Canada
Founded
2000
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Total Funding
$425M
Above
Industry Average
Funded Over
2 Rounds
Health Savings Account/Flexible Spending Account
Hybrid Work Options
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$291 billion Royal Bank of Canada (RBC) & BMO Financial Group to sell equally-owned Canada payment commerce solutions company Moneris Solutions Corporation for $1.4 billion (CAD 2 billion) to United States $75 billion global technology investment firm Francisco Partners. Aug 11, 2026 11th August 2026 | Hong Kong Royal Bank of Canada (RBC) ($291 billion market value) & BMO Financial Group have announced to sell equally-owned Canada payment commerce solutions company Moneris Solutions Corporation for $1.4 billion (CAD 2 billion) to United States global technology investment firm Francisco Partners ($75 billion capital raised). Announcement (10/8/26): "Royal Bank of Canada (TSX: RY) (NYSE: RY) announced that together with BMO Financial Group, it has entered into an agreement for the sale of jointly-owned Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, to Francisco Partners, a global technology investment firm, for cash consideration of approximately $2 billion, of which RBC's share is 50%. Concurrent with the closing of the transaction, RBC and BMO will enter into new exclusive, long-term customer referral arrangements with Moneris. The transaction marks the next chapter for Moneris, positioning the business to accelerate its strategy and continue delivering value to Canadian businesses. Since its creation 25 years ago, Moneris has become one of Canada's largest commerce solutions providers, helping businesses accept and manage payments at over 325,000 points of commerce. Moneris offers versatile payment options and integrated solutions customized for the Canadian market, allowing merchants to focus on running and growing their business. With a deep history in payments and financial technology and a strong track record in accelerating growth, Francisco Partners brings global experience in scaling financial technology companies and deep expertise in innovative Payments and Commerce offerings. Francisco Partners' complementary portfolio companies include leaders in embedded payments, omni-channel commerce gateways as well as smart point-of-sale (POS) solutions. With access to Francisco Partners' global platform, Moneris is expected to accelerate modernization and growth across small, medium and enterprise businesses in the Canadian marketplace. RBC and BMO will continue their long-standing relationships with Moneris through exclusive long-term customer referral arrangements, which will ensure that new and existing business clients receive the trusted support and innovative solutions they have come to expect from Moneris over many years." " $291 billion Royal Bank of Canada (RBC) & BMO Financial Group to sell equally-owned Canada payment commerce solutions company Moneris Solutions Corporation for $1.4 billion (CAD 2 billion) to United States $75 billion global technology investment firm Francisco Partners"
Royal Bank of Canada and BMO Financial Group have agreed to sell their jointly owned payment processor Moneris Solutions to global technology investment firm Francisco Partners for approximately $2 billion. RBC's share of the proceeds is 50%. Moneris, founded 25 years ago, serves over 325,000 points of commerce in Canada. The companies will maintain exclusive, long-term customer referral arrangements with Moneris following the sale. RBC expects to record a gain of approximately $475 million after-tax upon closing. The transaction is anticipated to close by the end of RBC's first quarter of fiscal year 2027, subject to regulatory approvals. Francisco Partners specialises in financial technology investments and aims to accelerate Moneris's modernisation and growth in the Canadian market.
Moneris launches Model Context Protocol server, establishing a foundation for secure agentic commerce. Jun 18, 2026, 08:30 ET Server enables secure AI agent access to Moneris' commerce tools, advancing the next generation of intelligent payment experiences TORONTO, June 18, 2026 /CNW/ - Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, today announced the launch of the Moneris Model Context Protocol (MCP) server, laying a strong foundation for agentic commerce as one of the first domestically built platforms in Canada for AI-driven payments. The Moneris MCP server offers developers, independent software vendors (ISVs), platform partners and enterprise customers a secure, standardized way to connect AI agents to Moneris API and commerce capabilities. Agentic commerce is an emerging model where AI agents can discover information, make recommendations, initiate actions and complete transactions on behalf of users and businesses. As AI-driven shopping rapidly accelerates globally, Canadian businesses need trusted infrastructure that enables them to participate in this new demand channel without rebuilding their commerce systems or giving up control of the checkout process. The Moneris MCP server addresses this need by providing a ready-made integration layer that enables AI agents to securely interact with Moneris API and other functions via the open MCP standard. This protocol is quickly becoming the industry standard for connecting AI agents to external tools and data sources, commonly referred to as the "USB-C for AI," and is supported by a growing number of major AI platforms and developer tools. "Agentic commerce is changing how people discover and buy," said Mia Huntington, Chief Sales and Marketing Officer, Moneris. "With the Moneris MCP server, we're giving Canadian developers and businesses the tools they need to participate in this shift safely and securely, while keeping businesses in control of their checkout, their data and their customer relationships." What the Moneris MCP server enables The Moneris MCP server gives AI agents a standardized, secure way to access Moneris' payment capabilities without requiring custom integration code for each API or use case. Key capabilities include: * Enterprise-grade security and compliance: AI agents can safely connect to Moneris payment APIs through the MCP server, designed to enable secure AI transactions while preserving existing payments, fraud prevention and security controls. * Build once, scale across platforms: Developers and ISVs can integrate once with the Moneris MCP server and extend their applications across multiple AI ecosystems, reducing fragmentation and development time. * No disruption to existing infrastructure: The MCP server layers on top of Moneris' existing APIs, gateway and checkout solutions, with no need for businesses to re-platform or change their current payment flows to become discoverable to AI agents. * Designed for evolving AI ecosystems: The server is built to work across MCP-compatible AI tools and developer environments, enabling businesses and partners to adapt as agentic commerce protocols and standards evolve. "Commerce is entering a new era where intelligent systems will increasingly participate in customer journeys, merchant operations, and payment workflows," said Jordan Williamson, Vice President, Core Products, Moneris. "With the launch of the Moneris MCP server, we're making it easier for developers to deliver trusted, payment-enabled AI experiences to Canadian businesses. At the same time, we're enabling this in a way that reflects the control, transparency and reliability required for commerce, so businesses retain visibility and oversight." Today's launch establishes the foundation for Moneris' broader AI and agentic commerce roadmap. The company expects to continue investing in capabilities that help businesses leverage intelligent automation across commerce, payments and customer experiences. This launch also follows enhancements to the Moneris Developer Portal, including a more user-friendly interface and search capabilities, AI assistance and clearer visibility into platform updates. Why this matters for Canadian businesses Agentic commerce represents a new discovery and demand channel for businesses. As AI-driven commerce experiences continue to evolve and scale, businesses that structure their products and services for machine-readable discovery will be positioned to capture this emerging demand. Moneris is focused on helping businesses of all sizes prepare for this shift, by providing the infrastructure, standards and partnerships to participate with confidence-without the complexity of building it themselves. Additional information about Moneris developer tools and API can be found in the Moneris Developer Portal. About Moneris Moneris is Canada's leading commerce solutions provider, helping businesses of all sizes sell more, serve customers better and operate more efficiently. Moneris has powered Canadian commerce for more than 25 years. Today, Moneris helps businesses accept and manage payments at over 325,000 points of commerce, representing one in three transactions across the country. Moneris offers ecommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools and data and insights, all backed by secure payment acceptance across in-store, online and mobile environments. As the only major provider in Canada with an in-house national Field Services team, Moneris ensures businesses are supported when and where they need it, through on-site installation and maintenance coast-to-coast-to-coast, and 24/7/365 support. Headquartered in Toronto, with offices in Sackville, Montreal, Quebec City, Calgary and Burnaby, Moneris serves businesses of all sizes across industries and regions nationwide. SOURCE Moneris Media contact: [email protected]
Moneris extends online payment options by making it easier to enable Konek(TM), expanding pay by bank across Moneris Checkout and API Français. Jun 02, 2026, 08:09 ET Expanding fast, more flexible checkout experiences to Canadian businesses TORONTO, June 2, 2026 /CNW/ - Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, today announced expanded enablement of Konek(TM), a Canadian payment solution offering shoppers more choice, convenience and control in how they pay. New and existing Moneris customers now have more flexible ways to enable Konek, providing their customers a fast, secure method to pay online directly from their financial institution accounts. Expanding Konek enablement to more businesses reflects Moneris' continued commitment to modernizing Canadian commerce through scalable, customer-centric payment solutions. Businesses using Moneris Checkout can enable Konek with no additional development by selecting "Pay with Konek" in their configuration and completing a simple onboarding process. For businesses that require greater customization, Konek is also available through Moneris API, enabling a tailored checkout experience. "Moneris was the first to introduce Konek to Canadian businesses, and this expanded enablement reflects our continued leadership in providing modern payment experiences to our customers," said Mia Huntington, Chief Sales and Marketing Officer, Moneris. "Extending Konek across Moneris API and Moneris Checkout makes it easier for Canadian businesses to enable secure, online payments, delivering a fast, seamless checkout for their customers, designed to improve conversion at the point-of-sale." Built for speed, simplicity and reduced risk Powered by Interac Corp., and backed by Canada's leading financial institutions, Konek combines card-based and account-based payment options in a single Canadian ecommerce solution, giving consumers and businesses more choice at checkout while enhancing speed, simplicity and security. Through Interac Direct(TM), available exclusively on Konek, users can pay directly from their chequing, savings or line of credit accounts, helping businesses reduce exposure to card-related fraud and disputes and deliver a seamless checkout experience. As the first to bring Konek to Canadian businesses, Moneris is proud to extend enablement across its checkout capabilities, broadening payment choice while supporting a more streamlined online payment experience. About Moneris Moneris is Canada's leading commerce solutions provider, helping businesses of all sizes sell more, serve customers better and operate more efficiently. Moneris has powered Canadian commerce for more than 25 years. Today, Moneris helps businesses accept and manage payments at over 325,000 points of commerce, representing one in three transactions across the country. Moneris offers ecommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools and data and insights, all backed by secure payment acceptance across in-store, online and mobile environments. As the only major provider in Canada with an in-house national Field Services team, Moneris ensures businesses are supported when and where they need it, through on-site installation and maintenance coast-to-coast-to-coast, and 24/7/365 support. Headquartered in Toronto, with offices in Sackville, Montreal, Quebec City, Calgary and Burnaby, Moneris serves businesses of all sizes across industries and regions nationwide. About KONEK Konek is Canada's way to pay, offering Canadian shoppers an e-commerce payment solution. Konek is powered by Interac Corp., and backed by Canada's leading financial institutions, allowing Canadians the choice to pay with debit directly from their chequing or savings accounts, or with credit cards at participating financial institutions, depending on merchant acceptance. Direct payments from chequing, savings, or line of credit accounts are powered by Interac Direct(TM), a new digital payments solution available exclusively through KONEK. This e-commerce payment solution gives customers more choice, convenience and control in how they pay. SOURCE Moneris Media contact: [email protected]
Moneris announces integration solution with Intuit QuickBooks. May 11, 2026 | Toronto, ON, Canada Key facts} * Moneris QuickBooks Connector enables businesses to synchronize their Moneris payment transaction data into their QuickBooks account. * The integration will help reduce bookkeeping workload and minimize reconciliation errors that can delay financial reporting for SMBs. * Moneris businesses can access this solution free of charge for 60 days, after which a $9.99/month fee will apply. About Moneris Moneris is a leader in Canadian commerce. Processing one in three transactions across the country, Moneris Solutions Corp. serve businesses of every size and industry. A trusted partner to businesses, Moneris offers innovative solutions for mobile, online and in-store commerce, as well as data-driven insights, value-added services and on-site support. Through these solutions, Moneris is powering commerce in Canada to help transform the way businesses grow and operate. For more information, please visit moneris.com and follow @moneris. Moneris QuickBooks Connector automatically transfers payment data from Moneris into a business's QuickBooks account, helping reduce manual bookkeeping. Toronto, ON - May 11, 2026 - Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, today launched Moneris QuickBooks Connector, a direct integration with Intuit QuickBooks(R) Online ("QuickBooks"), the world's leading small business technology solution on the Intuit platform that helps businesses run and grow, all in one place. Using a direct, automated data connection between the two platforms, Moneris QuickBooks Connector enables businesses to synchronize their Moneris payment transaction data into their QuickBooks account daily, reducing the need for manual accounting data entry. "By seamlessly connecting Moneris payment data directly to QuickBooks, this integration significantly reduces bookkeeping workload for SMBs and minimizes reconciliation errors that can delay financial reporting," says Gad Elharrar, VP, Small-to-Medium Business Product, Moneris. "With Moneris QuickBooks Connector, businesses gain a more timely and accurate view of their cash flow and financial position, supporting better, faster decision-making without added administrative effort." What does this integration mean for businesses? When a Moneris business activates Moneris QuickBooks Connector, the following actions occur automatically: * Payment transaction data (sales and refunds) is transferred from Moneris into the business's QuickBooks account each day. * Moneris settlement amounts are matched with corresponding QuickBooks entries, accelerating the bank reconciliation process (the business's bank account must be connected to QuickBooks for this to occur automatically, otherwise bank account transactions must be uploaded manually). * In-store and online payment channels processed through Moneris are included in the data sync. * Businesses retain full visibility into synced data within QuickBooks. How can businesses access this solution? Businesses can activate Moneris QuickBooks Connector by logging in to their Moneris Portal or by contacting Moneris support. Moneris QuickBooks Connector is available to eligible single-location Moneris businesses operating in Canada, effective May 11, 2026, and is compatible with existing QuickBooks accounts. Moneris businesses can access this solution free of charge for 60 days, after which a $9.99/month or $99/year fee will apply. More updates to the solution will follow throughout the year.
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Industries
Enterprise Software
Financial Services
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$425M
Headquarters
Toronto, Canada
Founded
2000
Find jobs on Simplify and start your career today