Full-Time
Updated on 8/17/2026
Canadian fintech processing payments for commerce
CA$42k - CA$52k/yr
Toronto, ON, Canada
Hybrid
Hybrid work arrangements are available, with the role based in the Toronto office.
Bachelor's
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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.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$425M
Headquarters
Toronto, Canada
Founded
2000
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Health Savings Account/Flexible Spending Account
Hybrid Work Options
Wellness Program
Professional Development Budget
BMO and RBC retreat from payments processing in $1.44bn Moneris sale. Bank of Montreal and Royal Bank of Canada have agreed to sell their jointly owned payments processor, Moneris, to US private equity firm Francisco Partners for cash consideration of about $1.44bn. The two banks aren't making a clean exit. Fintechly Editor Contributor Bank of Montreal and Royal Bank of Canada have agreed to sell their jointly owned payments processor, Moneris, to US private equity firm Francisco Partners for cash consideration of about $1.44bn. The two banks aren't making a clean exit. Alongside the sale, BMO and RBC are each entering exclusive, long-term referral arrangements with Moneris, meaning they'll keep steering business clients to the company even after giving up ownership. Moneris processes payments for more than 325,000 merchant locations across Canada, or roughly one in three of the country's commercial card transactions, and employs close to 2,000 people. James Hicks, president and chief executive of Moneris, said the deal marked "the next step in Moneris' continued evolution" and that its commitment to customers, partners and staff "remains unchanged." Banks book uneven gains. BMO and RBC are each receiving 50% of the sale proceeds, or about C$1bn apiece. But the two banks expect to book different gains from the same transaction: BMO's own filing puts its after-tax gain at approximately C$600m, lifting its core capital (CET1) ratio by around 15 basis points, while RBC's filing puts its after-tax gain at approximately C$475m, with only a marginal capital benefit. Neither bank's release explains the gap, which most likely reflects different carrying values for their respective stakes on each bank's own balance sheet rather than any difference in the underlying sale terms. Sharon Haward-Laird, group head of Canadian commercial banking at BMO, said the deal would let Moneris "build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape." Sean Amato-Gauci, RBC's group head of commercial banking, said Moneris had helped Canadian businesses "modernize and scale" and that Francisco Partners would amplify "the trusted team, leading platforms and unwavering commitment to clients" the company is known for. A retreat flagged months earlier. The sale process was first reported by the Financial Times in May, and covered at the time by Crowdfund Insider, which said the two banks were in advanced talks to hand Moneris to Francisco Partners as they faced competition from technology-led processors such as Stripe and Adyen and shifted their own focus towards lending and wealth management. Moneris generated annual revenue of close to $700m at the time of that reporting. Francisco Partners, which manages about $45bn in assets, already owns payments hardware and software provider Verifone and holds a stake in Paysafe. Its past payments and fintech investments also include Hypercom, Paymetric, PayLease and NMI, according to the companies' own announcement of the deal. The Moneris deal gives the firm a third significant position in payments infrastructure, adding a processor that dominates a single national market rather than one operating across borders. Peter Christodoulo, a partner at Francisco Partners, said the firm saw "a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth" at Moneris. Jeff Sloan, the former president and chief executive of Global Payments, is joining Moneris as chairman as part of the transaction. The deal is subject to clearance under Canada's Retail Payment Activities Act and Competition Act, and is expected to close by the end of the first quarter of BMO and RBC's 2027 financial year. Given Moneris's share of Canadian card processing, how closely the Competition Bureau examines the deal, and on what terms, is likely to be the next thing worth watching.
$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]