Vantiv Completes Acquisition of Moneris Solutions USA

Vantiv finalized a transaction to acquire Moneris Solutions, Inc. (Moneris USA) from Moneris Solutions Corporation a transaction announced on November 10.

CINCINNATI, Dec. 22, 2016 – Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions, announced today that it has completed its acquisition of Moneris Solutions, Inc. (Moneris USA) from Moneris Solutions Corporation. Schaumburg, IL-based Moneris USA was the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC).

“We are happy to welcome Moneris USA clients and partners into the Vantiv family, and we will continue to provide them with the highest levels of service,” said Charles Drucker, president and chief executive officer of Vantiv. “Vantiv will bring our new clients and partners a wider set of leading payments solutions, including Vantiv’s suite of omnichannel acceptance capabilities, which leverage our scale and high-degree of system reliability.”

Vantiv provides a multitude of value-added resources for its go-to-market partners through the Vantiv Advantage program, which consists of partner rewards, resources and product support. And specifically for software developer partners, Vantiv’s innovative Vantiv O.N.E. program provides a set of value-added tools that help make payments integrations easier than ever.

Moneris USA merchants and partners can learn more about Vantiv at vantiv.com, or by contacting their current account or partner manager.

ABOUT VANTIV

Vantiv, Inc. (NYSE: VNTV) 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. Visit us at the new www.vantiv.com, or follow us on Twitter, Facebook, LinkedIn, Google+ and YouTube.

© 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

Andrew Ciafardini
Corporate Communications, Vantiv
513-900-5308
andrew.ciafardini@vantiv.com

 

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