Moneris
Also a provider — view Moneris’s profile →“Can Canada's bank-owned acquirer evolve from a card-processing utility into a full commerce and embedded-payments platform for Canadian merchants?”
Founded2000
HQEtobicoke, Ontario, Canada
IndustryInfrastructure / Payments
The story
Moneris was founded in 2000 as a joint venture between Canada's two largest banks (RBC and BMO) to pool their merchant acquiring operations. It grew into Canada's largest acquirer, processing roughly 1 in 3 Canadian card transactions across ~325,000 merchant locations. After divesting its US business to Vantiv in 2016, the company refocused on Canada and has since moved beyond pure card acquiring into POS software (Moneris Go), restaurant SaaS (via UEAT), merchant cash advance (Moneris Advance), B2B payments, and a modern developer platform aimed at embedded payments.
Last 12 months
—
Product timeline
2000
Founded as a 50/50 joint venture between Royal Bank of Canada (RBC) and Bank of Montreal (BMO) to consolidate their merchant acquiring businesses.· banking
2016
Sold US operations (formerly Harris Bank Merchant Services) to Vantiv.· pivot
2024
Launched Moneris Kiosk for restaurants (powered by UEAT) and expanded Moneris Go POS family.· banking
2025
Introduced new Moneris Developer Portal and modern RESTful Moneris API for embedded payments.· banking
Acquisitions
Regulated entities
1
regulatory licence held by Moneris
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Moneris’s embedded-finance stack
Payments / PSP
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
16 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.