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Table of Contents

Lead Story

Non-payment mobile options popular this holiday season

Patti Murphy

News

Industry Update

Holiday season brings tidings of CNP fraud

Tripwire, Verizon advocate cyber-readiness

California vote bumps pot toward legitimatization

Vantiv growth plans to include Moneris USA

Features

2016 ISV study

Smartphone ecommerce on the rise

Daria Rippingale

Views

Payments are live

Dale S. Laszig
DSL Direct LLC

Biometrics hot at Money20/20

Peggy Bekavac Olson
Strategic Marketing

Education

Street SmartsSM:
Sales as a healing profession

John Tucker
1st Capital Loans LLC

Gateways rising

Adam Atlas
Attorney at Law

The friendly fraudster: Your merchants' worst frenemy

Evi Triantafyllides
PAAY LLC

Expand your time

Steven Feldshuh
Merchants' Choice Solution East

Company Profile

Digitzs Solutions Inc.

New Products

Personalized, mobile, in-store shopping

Contextual Commerce Platform
OmnyPay Inc.

EMV-certified reader for smartphones, tablets, PCs

Walker C2X
AnywhereCommerce

Inspiration

Boundless creativity

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

November 28, 2016  •  Issue 16:11:02

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Vantiv growth plans to include Moneris USA

Vantiv Inc.'s planned acquisition of Moneris USA for $425 million is the latest conquest for the Cincinnati-based payments acquirer. The deal, expected to close in the fourth quarter of 2016, will be subject to final approval and anti-trust clearance by the U.S. Department of Justice. Schaumburg, Ill.-based Moneris USA, a subsidiary of Moneris, a Canadian company jointly owned by BMO Financial Group and Royal Bank of Canada, processed nearly $12 billion in payment transactions in 2015, Moneris reported.

Payments analysts expect an easy transition due to the companies' aligned interests and compatible organizational cultures. The chief executives expect the merger to combine and leverage areas of technical and marketing expertise. Charles Drucker, President and CEO at Vantiv, said the Moneris USA acquisition will accelerate the company's growth in key channels. "We look forward to serving [Moneris USA] technology and banking sector partners with our deep payments expertise and strong customer service," he added. Angela Brown, President and CEO at Moneris, also expects Moneris USA merchants to benefit from Vantiv's high level of service, economies of scale and omnichannel capabilities. "Working together with Vantiv, Moneris will continue to support our mutual cross-border customers with a focus on innovation and service," she said.

Vantiv growth, profitability

Vantiv, one of the largest acquirers in the United States, has a portfolio of 800,000 merchants and 1,400 financial institution partnerships. The publicly traded company reported a 12 percent increase in total revenue ($914 million) for the third quarter of 2016, compared with the same period in 2015 ($816 million). Company leaders attributed positive earnings to organic growth. "Our ability to deliver superior financial results by consistently winning market share speaks to the strength of our people and their consistent focus on execution," Drucker said.

Following are additional details from Vantiv's third quarter 2016 earnings report:

Moneris contactless, EMV leadership

Moneris, a leading North American payment solutions provider, provides credit, debit, wireless and online payment services for merchants across an array of industries, processing more than 3 billion transactions a year. The company has more than 350,000 merchants and is known for its value-added loyalty and gift card services.

Moneris has advanced mobile wallet adoption by deploying near field communication-enabled POS devices. In May 2016, it disclosed that Apple Pay would be available at select retailers for Visa Inc., Mastercard, American Express Co. and Interac Debit cardholders. Rob Cameron, Chief Product and Marketing Officer at Moneris said all of the company's solutions support contactless payments, noting 25 percent of transactions originate from mobile devices or contactless credit cards. "With Apple Pay's increased options and our leading market share in Canada, we are ready to educate, enable and support merchants across the country to accept Apple Pay today," he said.

The company was also a leader in U.S. EMV (Europay, Mastercard and Visa) migration, partnering with POS software developer Amber Systems Technologies to be EMV-certified with all five payment card brands. Amber Systems' expertise in the restaurant, specialty retail and grocery segments streamlined EMV acceptance for numerous hospitality retailers and supported Moneris in its phased rollout of EMV compliant devices across the United States, the company reported in February 2016.

In addition, Moneris brought a decade of EMV experience to bear during the October 2015 liability shift, helping U.S. merchants upgrade POS systems to EMV-capable solutions. Merchants appreciated the company's proven track record in EMV deployments, noted Chris Lee, the company's President of North American Strategic Partnerships and Emerging Markets. "We manage every aspect of the EMV migration and integration process, from design and testing, to certification and implementation, making the switch to EMV a seamless transition for merchants," she said.

Rumors of the merger had been circulating for close to a year, according to Jay Antenen, Senior Editor at The Mergermarket Group. When the news became official on Nov. 10, 2016, he tweeted, "Vantiv finally wins Moneris USA for $425m. Long sale process had lots of fits and starts, rumors."

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Impact Paysystems | Electronic Merchant Systems | Board Studios