Moneris and ATB Financial Announce Five-Year Contract Extension

New agreement builds upon a 14-year history of Moneris providing merchant services support to ATB

TORONTO, Nov. 15, 2016 /CNW/ - Moneris Solutions Corporation ("Moneris"), one of North America's largest processors of debit and credit card payments, today announced the signing of a five-year contract extension with ATB Financial ("ATB"), Alberta's largest homegrown financial institution. Moneris will continue to provide ATB with merchant services by supporting in-store and online payments in addition to offering a wider variety of payment products and services.

Moneris will offer an expanded suite of solutions that includes the PAYD^® family of mobile point-of-sale products, the Moneris Gift Card program and on-site point-of-sale installation and repair services. Moneris' payment solutions are backed by industry-leading security, end-to-end product support and 24/7 customer service.

"Moneris' relationship with ATB dates back to the earliest days of our business and we are pleased to remain their merchant services provider of choice," said Jeff Guthrie, Chief Sales Officer, Moneris. "The renewed agreement allows us to maintain a strong commitment to the Alberta business community by providing affordable and reliable payment solutions that give local merchants peace of mind."

ATB was recently ranked the number one bank for small and mid-sized businesses in Alberta by the Canadian Federation of Independent Business's Battle of the Banks report. This year, ATB introduced free banking for 2016 start-up businesses and celebrated the opening of two Entrepreneur Centres in Calgary and Edmonton.

"Moneris are leaders in the payment processing space and their focus on innovative service and technology aligns with our strategy at ATB," said Teresa Clouston, Executive Vice-President, Business & Agriculture. "By continuing our relationship with Moneris, we are able to bring seamless, leading-edge solutions to our customers so their focus can remain on running their businesses."

Moneris provides payment processing services to approximately 8,500 ATB merchants. Under the terms of the new agreement, Moneris will continue in the role of merchant services provider until 2021.

As a leader in the provision of payment processing technology and solutions, Moneris is the ideal merchant services partner for banks, credit unions and financial institutions across Canada. For more information on becoming a Moneris partner, visit www.moneris.com/partners.

About Moneris

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 three billion transactions, annually. Moneris also 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

About ATB Financial

ATB Financial has been putting people first for more than 75 years. In that time, ATB has grown from one small Treasury Branch to become the largest Alberta-based financial institution and the number one choice for Alberta businesses. Today, 5,065 team members help more than 730,000 customers in 244 Alberta communities through a network of 173 branches, 136 agencies, and a Customer Care Centre. In 2016, ATB was named the fourth-best place to work in Canada by the Great Place to Work Institute.

SOURCE Moneris Solutions

Media contacts: Darren Leroux, Moneris, 416-734-1442, [email protected]