News from the Wire

Moneris appoints Samurkas as COO

Thursday, October 27, 2016 — 12:57:32 (EDT)

Toronto, Oct. 27, 2016 - Moneris Solutions Corporation ("Moneris"), one of North America's largest processors of debit and credit payments, today announced the appointment of Nick Samurkas to the role of Chief Operations Officer, effective October 3, 2016. Mr. Samurkas is responsible for running day-to-day operations for the organization as well as leading process improvements and customer experience enhancements.

Mr. Samurkas has over 20 years of experience in the payments industry in senior management roles. He most recently led the Canadian business at Chase Paymentech, where he oversaw sales, account management, operations and product teams. Prior to this, Mr. Samurkas was Senior Vice President and Chief Operating Officer at Global Payments, where he established and managed operational centres in the Asia Pacific region.

In his new role at Moneris, Mr. Samurkas will partner with key areas impacting service delivery, including sales, field services, customer experience and product technology. Moneris currently employs more than 1,800 people in offices across Canada and the U.S. offering innovative, market-leading payment technology and solutions to merchants throughout North America.

"Nick's background in both domestic and global markets is a tremendous asset to our organization," said Angela Brown, President and CEO of Moneris. "His experience will further enhance the delivery of new payment innovation and help to maintain our position as a market leader."

Mr. Samurkas holds a Bachelor of Commerce degree from McGill University. He is a former member of the Visa Canada advisory board and actively engaged in discussions on industry trends and regulatory matters.

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 .

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Source: Company press release.