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TMCNet:  Moneris Solutions and LightSpeed to Provide Integrated Mobile Payment Solutions

[April 18, 2013]

Moneris Solutions and LightSpeed to Provide Integrated Mobile Payment Solutions

TORONTO & MONTREAL --(Business Wire)--

Moneris Solutions Corporation ("Moneris"), Canada's largest payment processor, and LightSpeed, a leading software company that helps retailers reinvent the in-store experience, announced today that they have partnered to provide Canadian retailers with an integrated mobile payment management solution. Moneris openly engages and works with emerging technology companies to provide its merchants with seamless payment processing solutions and best in class card processing. This new integration will be available in Spring 2013.

"Our partnership with Moneris represents an important milestone in Canadian retail, which has been newly empowered by mobile, iPad® and Mac solutions that engage customers in an interactive and re-energized shopping environment," said Dax Dasilva, CEO of LightSpeed. "This is a great opportunity for our expanding Canadian client base to combine our powerful retail management platform with Moneris' card processing solutions, creating an e-commerce enhanced in-store environment that engages today's connected consumer. "

Under the terms of the agreement, Moneris will deliver a secure, reliable payment processing system that integrates with LghtSpeed's point of sale and retail management tools. With this enhanced offering, LightSpeed's Canadian customer base can take advantage of the platform's ability to increase operating efficiencies, integrating the payment solution with back-office features such as inventory management and sales and order workflows.

"Moneris has always provided industry-leading payment solutions for retail customers across North America," said Jeff Guthrie, Chief Sales & Marketing Officer at Moneris Solutions. "By collaborating in this way, we can connect the power of our payment platform with LightSpeed's innovative retail solutions to meet the emerging needs of a more dynamic, flexible marketplace."

About LightSpeed

LightSpeed®, led by founder and CEO Dax Dasilva, is committed to its mission of fusing innovation, technology and design to produce the most compelling retail business solution that helps retailers achieve their business aspirations. Founded in 2005 and based in Montreal, Ottawa, and New York City, LightSpeed specializes in building next-generation retail software systems that offer business owners powerful, intuitive retail tools for Mac and iOS. For more information, please visit www.lightspeedretail.com.

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 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.


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