Moneris announces voluntary adoption of the enhanced Code of Conduct for the Credit and Debit Card Industry in Canada in support of its longstanding commitment to merchants

TORONTO, May 13, 2015 /CNW/ - Moneris Solutions Corporation ("Moneris"), one of North America's largest processors of credit and debit payments, announced today its voluntary adoption of the enhanced Code of Conduct for the Credit and Debit Card Industry in Canada. The enhanced Code reflects updates introduced by the Government of Canada in April 2015.

The Code was first announced in April 2010 to promote fair business practices. Moneris proudly supports the Government of Canada's aim to balance the needs of merchants and consumers, while taking into account the introduction of new technologies and innovations within the payments sector, such as mobile and contactless payments.

"We adopted the Code voluntarily in 2010 and are pleased to adopt the enhanced Code as part of our continued commitment to provide clear and transparent information to our customers," said Fern Glowinsky, Chief Operations Officer at Moneris. "We are focused on our customers' success and in ensuring they are well informed of the costs associated with processing payments."

Moneris will work with the Government of Canada, the credit and debit card brands, merchants and other stakeholders to support and implement the changes.

Moneris' implementation of the Code enhancements will adhere to the timelines set out by the Government of Canada. For more information on Moneris' commitment to the Code of Conduct, please visit moneris.com/interchange. For full details on the enhanced Code of Conduct for the Credit and Debit Card Industry in Canada, please visit the Department of Finance website.

About Moneris Solutions
As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation ("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 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.

SOURCE Moneris Solutions

Media contact: Andrew Addison, FleishmanHillard, 416-645-3648, [email protected]; Aimee Lazarus, Director of Communications, Moneris Solutions, 416-734-1062, [email protected]