Moneris readies for chip cards in Canada

Moneris Solutions, Canada's largest processor of credit and debit card payments, put out a press release yesterday on the migration to chip cards in Canada. Included is a strategic partnership with Ingenico for POS terminals.

"Moneris Solutions believes the move to chip technology will, over the long term, be highly beneficial to consumers and merchants alike," said Jim Baumgartner, President and CEO, Moneris Solutions. "Moneris is committed to investing the substantial resources required to make chip technology a reality in the Canadian marketplace. As the only remaining Canadian-based processor of scale, Moneris believes it is uniquely positioned to launch chip technology in a manner that makes sense for Canadian merchants."