Moneris Solutions and CenPOS Announce New Strategic Partnership

By Hector Miranda on October 22, 2013

View Press Release on BusinessWire

Moneris Solutions Corp. (“Moneris”), one of North America’s largest payment processors, announced today it has formed a strategic business partnership with CenPOS, a leading provider of cloud-based payment management solutions for the business-to-business market.

CenPOS has integrated Moneris’ advanced payment processing function into its cloud-based omni-channel payment platform to transform the payment processing experience for businesses that sell to other businesses (B2B). The partnership gives companies in the United States and Canada a comprehensive enterprise-class solution and allows them to use a single payment processor in both countries. Together, CenPOS and Moneris provide a suite of end-to-end transaction management tools that help B2B increase sales and minimize costs through a variety of innovative reporting tools and interchange management functions.

In addition to payment processing, CenPOS consolidates data from payments received through all business channels—face-to-face, online, mobile and electronic bill presentment and payment (EBPP)—into an enterprise data analytics platform. B2B companies can now quickly and easily manage this data and identify opportunities and threats that impact their bottom line. The EBPP function enables companies to convert customers that are financing their purchases to customers paying immediately to help optimize cash flow and decrease working capital requirements.

“We could not have found a better partner in the business-to-business space than CenPOS,” said Chris Lee, President of North American Strategic Partners and Emerging Markets for Moneris Solutions. “Their product suite complements our B2B payments expertise perfectly. Together we can help B2B companies improve their cash flow and reduce expenses by driving down the cost of processing card payments.”

“B2B companies are now conducting business and accepting payments through multiple channels, so the need for tools to help them manage those transactions more effectively and efficiently is greater than ever,” said CenPOS CEO, Christopher Justice. “CenPOS delivers a comprehensive suite of omni-channel payment management solutions that improve customer engagement while driving efficiency and reducing costs. Through our integration with Moneris, we have made those solutions more powerful than ever.”

About Moneris

As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation (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.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

Categories: Express Checkout/EBPP, Payment Systems, Press Releases, Business to Business

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