TORONTO, February 17, 2015 – Moneris Solutions Corporation (“Moneris”) today announced plans to work with MaRS Discovery District to power financial technology (fintech) innovation and entrepreneurship.

“We are excited about the opportunity to work with MaRS to bring their fintech venture to life,” said Rob Cameron, Chief Product and Marketing Officer at Moneris. “Advances in mobile point-of-sale, omni-channel retailing, and core payment technology have been central to Moneris and we look forward to future collaboration with startups to help steer the development of market-changing payment technologies.”

“This collaboration will provide the region’s best tech entrepreneurs with the opportunity to engage directly with important financial services companies,” said Salim Teja, Executive Vice President of Ventures, MaRS. “Moneris’ future involvement will add expertise and insight to power local development and help to establish Toronto as a hub for innovative financial tech.”

New technologies are dramatically changing consumer behaviour and offering opportunities for innovation in financial services. Toronto is a technology hub and the heart of financial services in Canada. MaRS is building on this momentum by creating a dynamic new centre for Canadian fintech ventures.

The new FinTech Cluster based at MaRS will connect leaders in the technology and financial services sector with startups developing next generation technology in payments, financial services, peer-to-peer transactions, alternative lending, and crypto-currencies. The FinTech Cluster at MaRS will be led by Adam Nanjee, previously Vice President of Business Development in Emerging Payments at MasterCard Canada.

The full range of facilities for fintech startups will be available later this year. Today, qualified startups have access to corporate partners, investors, and advisory resources. Applications are currently being accepted from ventures across the fintech spectrum. To apply, visit www.marsdd.com/fintech. 

About Moneris Solutions
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 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 MaRS Discovery District:
MaRS Discovery District (@MaRSDD) in Toronto is one of the world’s largest urban innovation hubs. MaRS cultivates high-impact ventures and equips innovators to drive economic and societal prosperity. MaRS provides expert advice and market research, and makes connections to talent, customers and capital. MaRS startup ventures have created 6,500 jobs and, in the last three years alone, they have raised $1 billion in capital and generated $500 million in revenue.

For more information, contact:
Lara Torvi
MaRS Discovery District
416.673.8100
ltorvi@marsdd.com