Moneris and Verifone Sign Large Contract

Canada's Moneris Solutions, the country's largest processor of credit and debit card transactions, has inked a $10 million deal with San Jose, Calif.-based Verifone as Moneris' premier payments solution provider.

Moneris selected EMV- and PCI-approved wireless, countertop and integrated payment solutions from VeriFone's Vx Solutions family to meet the needs of its merchant customers.

Moneris processes more than 3 billion credit and debit card transactions a year, for merchants in virtually every industry segment at more than 350,000 small business and corporate locations across North America.

To meet countertop needs, Moneris chose VeriFone's Vx 810 and Vx 810 DUET systems, both of which can be pre-equipped or field-upgraded with a contactless module. The Vx 810 is deployed as a PIN entry device integrated with electronic cash registers and POS systems, while the Vx 810 DUET provides smaller merchants with a two-in-one device that incorporates an ergonomic handover device with a base unit including printer and modem.

Moneris also selected the GPRS version of the Vx 670, secure handheld payment device designed specifically for wireless, customer-facing payments ranging from restaurant pay-at-the-table environments, to home and office delivery needs, as well as a replacement for dial-up or Ethernet connected systems.