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RBC and BMO to sell off Canadian payment giant Moneris in $2-billion deal. US-based private equity firm Francisco Partners purchases one of Canada's largest payment processors. BMO and RBC are selling off Moneris, one of Canada's largest payment processors, to US-based private equity firm Francisco Partners. The news: The two Canadian banks announced an agreement to sell their co-owned operation for $2 billion CAD on Monday evening. As part of the deal, BMO and RBC will each receive 50 percent of the sale's proceeds and exclusively refer their customers to Moneris going forward. The transaction is expected to close in early 2027, subject to closing conditions and regulatory approvals. Once closed, Moneris will join the numerous payment processing companies in Francisco Partners' portfolio, including Hypercom, Paymetric, PayLease, NMI, and Verifone. Under Francisco Partners' leadership, Jeff Sloan, the former president and CEO of Global Payments, will become the chairman of Moneris. From the source: "Moneris is one of the strongest payments solution providers in North America, with a trusted brand, leading technology, and a proven team that has helped shape the way Canadian businesses operate," Francisco Partners' Peter Christodoulo said in a statement. He added that there's a "significant opportunity to build on that foundation" through investment in innovation, platform expansion and long-term growth, while preserving Moneris's "deeply Canadian identity." The context: Founded in 2000 and based in Toronto, Moneris provides online and in-person payment systems for Canadian merchants. The firm has nearly 2,000 employees and supports more than five billion transactions per year. Moneris claims it powers one in three transactions in Canada. The Francisco Partners deal comes almost exactly one year after Reuters reported that BMO and RBC were planning to put Moneris up for sale. Final thought: Moneris is being sold off just over a year after TD inked a deal to offload 3,400 contracts from its wholly-owned payment processing business to US-based FinTech giant Fiserv. Meanwhile, Scotiabank and CIBC are both partnered with US-based firms, Chase Payment Solutions and Global Payments, for their payment processing offering. As Helcim founder and CEO Nic Beique has pointed out, Canada's "Big Five" banks have now almost completely withdrawn from independent payments processing, ceding their services to US-based providers. These changes come as Canada prepares to modernize its national payment rails through the introduction of a Real-Time Rails payments system, which is set to launch later this year. Feature image courtesy Moneris. Roborock Discover the next generation of cleaning innovation. Roborock redefines home robotics with AI-powered systems that sense, adapt, and operate seamlessly in real homes.

Moneris announces acquisition by Francisco Partners. Aug 10, 2026, 18:00 ET New investment from Francisco Partners and long-term referral agreements with BMO and RBC further the company's commitment to advancing Canadian commerce TORONTO, and SAN FRANCISCO, Calif., Aug. 10, 2026 /PRNewswire/ - Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, and Francisco Partners ("FP"), a leading global investment firm that specializes in partnering with technology companies, today announced that FP has entered into a definitive agreement to acquire Moneris from Bank of Montreal (BMO) and Royal Bank of Canada (RBC), subject to customary regulatory approvals and closing conditions. Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50 percent share. Further, long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers, reflecting Moneris' position as Canada's trusted payments and commerce partner and reinforcing the innovation, continuity and stability that Moneris is known for. FP combines deep expertise in payments and fintech with extensive experience growing technology-enabled businesses globally. The firm has a strong track record of long-term investment and supporting operational excellence, innovation and growth, as evidenced by its investments in Hypercom, Paymetric, PayLease, NMI and Verifone, among others. Its investment in Moneris reflects confidence in the company's mission, performance and future potential, while providing additional expertise, resources and strategic support to help accelerate the company's next phase of growth and innovation. As part of the transaction, Jeff Sloan, former President and CEO of Global Payments Inc., and a highly regarded payments industry leader, will join Moneris as Chairman. Sloan brings decades of global experience and a proven track record, complementing the strength of Moneris' experienced leadership team. As ownership transitions to FP, Moneris' commitment to serving Canadian businesses will remain unchanged, as reflected in its leadership, people, presence and platforms, including nearly 2,000 team members across the country, a head office and technology infrastructure fully resident in Canada and a continued dedication to local communities from coast to coast to coast. "This announcement marks an exciting next step in Moneris' continued evolution as the company that powers Canadian commerce," said James Hicks, President and CEO at Moneris. "With Francisco Partners' deep global expertise in technology and payments, we are well-positioned to further accelerate our ambitious strategy and continue to broaden the wide choice of solutions, support and experiences we deliver to businesses to help them achieve their aspirations. Importantly, our commitment to our customers, partners and people remains unchanged, and we will continue to operate with the same focus, values and leadership that have defined Moneris for more than two decades. The deep relationships we have built with BMO and RBC extend well beyond ownership. Their decision to establish long-term referral agreements and maintain ongoing commercial relationships with Moneris reflects the confidence both organizations have in Moneris and provides a strong foundation for continuity, collaboration and long-term growth. I am also pleased to be working again with Jeff Sloan, whose industry experience and perspective will complement the strong momentum our team has built." "For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions," said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. "This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today." "Moneris has played a central role in enabling Canadian businesses to modernize and scale by connecting them with more consumers more often through innovative payments solutions across the commerce ecosystem," said Sean Amato-Gauci, Group Head, Commercial Banking, RBC. "The trusted team, leading platforms and unwavering commitment to clients that Moneris is known for will be leveraged and amplified by Francisco Partners in this next stage of growth. We're eager to see the accelerated investment in innovation and modernized solutions Moneris can bring to our valued business clients and the Canadian market." "Moneris is one of the strongest payments solution providers in North America, with a trusted brand, leading technology and a proven team that has helped shape the way Canadian businesses operate," said Peter Christodoulo, Partner at Francisco Partners. "We see a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth, while preserving the deeply Canadian identity that has made Moneris a market leader, including its long-standing relationships with leading Canadian financial institutions, BMO and RBC." "Together with Jeff Sloan's deep industry expertise and strategic counsel as Chairman, we are excited to support the Moneris team as they continue to deliver the technology, scale and reliability Canadian businesses need to thrive in an increasingly digital and AI-driven economy," added Nate Zupan, Principal at Francisco Partners. "Moneris has established itself as a leader, with a strong market position, a clear strategic vision and a talented team that is deeply committed to its customers and partners," said Jeff Sloan. "The company has built significant momentum under James' leadership and, having worked together in the past, I have tremendous confidence in his leadership team, the strategy they are executing and the opportunities ahead. With the investment and support of Francisco Partners, Moneris is well-positioned to accelerate that strategy and continue building on its strong foundation. I look forward to supporting Moneris and its leadership team as they continue creating value for customers, partners and stakeholders." Closing and approvals The transaction remains subject to customary closing conditions and regulatory approvals, including under the Retail Payment Activities Act (Canada) and clearance under the Competition Act (Canada). The transaction is expected to close by the end of the first quarter of BMO and RBC's fiscal year 2027. PJT Partners served as exclusive financial advisor and Torys as exclusive legal advisor to Moneris. PJT Partners also advised Moneris' shareholders. RBC Capital Markets and BMO Capital Markets served as financial advisors, and Blake, Cassels & Graydon LLP and Osler, Hoskin & Harcourt LLP served as legal advisors, to Moneris' shareholders. Barclays, Goldman Sachs & Co. LLC and Wells Fargo served as financial advisors, and Kirkland & Ellis LLP and Stikeman Elliott LLP served as legal advisors to Francisco Partners. 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 Francisco Partners Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com. Forward-looking statements This release contains forward-looking statements regarding the proposed transaction and potential future developments. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, including market, technology and regulatory requirements. Actual results may differ from those expressed or implied. Moneris undertakes no obligation to update forward-looking statements except as required by applicable law. SOURCE Moneris

Global Payments reported second quarter 2026 results with adjusted earnings per share of $3.46, up 12%. The company posted GAAP revenue of $3.32 billion and adjusted net revenue of $3.16 billion, representing a 4% increase on a normalised basis. Chief executive Cameron Bready highlighted progress on the Worldpay integration and growing adoption of the company's Genius platform. He noted the business demonstrated resilience amid ongoing conflict in the Middle East. Global Payments returned $1.2 billion to shareholders year-to-date, exceeding 50% of its planned $2 billion capital return for 2026. The company remains on track to return approximately $7.5 billion to shareholders between 2025 and 2027. Adjusted operating margin expanded 70 basis points to 42.0% on a normalised basis.