Agency / Source: GiftCertificates.ca / Moneris Solutions Corp.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Vantiv Announces Agreement to Acquire Moneris Solutions USA - Acquisition further accelerates Vantiv’s growth in the high-growth integrated payments and merchant bank channels [NYSE: VNTV] - Vantiv.com / Moneris.com
Vantiv Announces Agreement to Acquire Moneris Solutions USA

 

PRZOOM - /newswire/ - Toronto, Ontario, Canada, 2016/11/10 - Acquisition further accelerates Vantiv’s growth in the high-growth integrated payments and merchant bank channels [NYSE: VNTV] - Vantiv.com / Moneris.com. NYSE: VNTV

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Store Equipment / Vending Machines / PoS Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Vantiv, Inc., a leading provider of payment processing services and related technology solutions, announced today its agreement to acquire Moneris Solutions, Inc. (Moneris USA) from Moneris Solutions Corporation (Moneris) for $425 million USD, subject to certain adjustments. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC).

Upon closing of the transaction, Vantiv will begin servicing Moneris USA’s merchants and other business relationships, including its relationship with BMO Harris Bank, which operates approximately 600 branches in the United States. Moneris USA processed approximately $12 billion in U.S. transaction volume in 2015.

"Acquiring Moneris USA will further accelerate Vantiv’s growth in key high-growth channels,” said Charles Drucker, president and chief executive officer of Vantiv. “We look forward to serving their technology and bank partners with our deep payments expertise and strong customer service.”

Vantiv, the nation’s second largest payment processor, serves more than 800,000 merchant locations and 1,400 financial institutions.

“The acquisition will enable Moneris USA to continue its successful path and provide merchants the high-level of service they’ve come to expect while leveraging Vantiv’s scale and omni-channel payments capabilities,” said Angela Brown, president and chief executive officer of Moneris. “Working together with Vantiv, Moneris will continue to support our mutual cross-border customers with a focus on innovation and service.”

The transaction is expected to close in the fourth quarter of 2016, subject to required U.S. antitrust clearance and other customary closing conditions. Vantiv will fund the transaction with cash-on-hand. Vantiv expects the acquisition to have an immaterial impact on its 2016 results and be accretive to its pro forma adjusted net income in 2017.

Credit Suisse acted as lead financial advisor and Morgan Stanley & Co. LLC and BofA Merrill Lynch also acted as financial advisors to Vantiv; Benesch served as its legal advisor. BMO Capital Markets and RBC Capital Markets LLC were financial advisors to Moneris. Sullivan & Cromwell acted as legal advisor for Moneris.

About MONERIS SOLUTIONS CORPORATION
As one of North America's largest providers of payment processing solutions, Moneris (moneris.com) 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.

About Vantiv
Vantiv, Inc. (vantiv.com) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, eCommerce, and merchant bank.

© 2016 Vantiv, LLC. All Rights Reserved. All trademarks, service marks and trade names referenced herein are the property of their respective owners. Vantiv and other Vantiv products and services mentioned herein as well as their respective logos are registered trademarks or trademarks of Vantiv, LLC in the U.S. and other countries.

Contacts
Nathan Rozof - Investor Relations, Vantiv
P: 866-254-4811 / 513-900-4811 - E: IR[.]vantiv.com.

Andrew Ciafardini - Corporate Communications, Vantiv
P: 513-900-5308 - E: andrew.ciafardini[.]vantiv.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Store Equipment / Vending Machines / PoS Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: GiftCertificates.ca / Moneris Solutions Corp.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Store Equipment / Vending Machines / PoS articles,
CATCH Visitors via Your Competitors Announcements!


Vantiv Announces Agreement to Acquire Moneris Solutions USA

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Moneris Gateway | Vantiv, LLC
Contact: Darren Leroux - Moneris.com 
416-734-1442 darren.leroux[.]moneris.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GiftCertificates.ca / Moneris Solutions Corp. securities in any jurisdiction including any other companies listed or named in this release.

Store Equipment / Vending Machines / PoS via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From GiftCertificates.ca / Moneris Solutions Corp. / Company Profile


Read Store Equipment / Vending Machines / PoS Most Recent Related Press Releases:

Openbravo Launches A New Quick Service POS System to Respond to the Demands of QSR and Fast Casual Restaurant Chains
NCR Channel Services Platform Wins 2022 FinTech Breakthrough Award
NCR Aloha Cloud Delivers Easy-to-use, Dependable Restaurant Solution
Merlin Entertainments Taps Oracle to Boost the Magic At its Hotels and Attractions
Maker of SINGER, HUSQVARNA VIKING, and PFAFF Sewing Machines Personalizes In-Store Shopping with Oracle
Starbucks EMEA Transforms Technology Management and Maximizes Customer Satisfaction with NCR Partnership
Moneris Acquires UEAT to Broaden Unified Commerce Solutions for Restaurant Businesses Across Canada
Northgate Introduces Pronto Curbside Pickup Service with NCR Freshop
NCR Acquires Foremost Business Systems, Brings Restaurant Technology and Support to Minneapolis
NCR Receives Final Regulatory Approval to Combine with Cardtronics from UK Competition and Markets Authority

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  RightITnow, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today