Adyen Announces Integration with Moneris Solutions Marking Key Expansion Into Canadian Market

AMSTERDAM - Adyen the global leader in international payment processing is pleased to announce its integration with Moneris, the largest processor and acquirer of credit and debit cards in Canada. By accessing Adyen's global payment network, customers of both companies will now have a single point-of-entry to a global suite of credit, debit and local payment methods.

According to the North America B2C e-commerce report 2010, the number of Internet users in the United States is estimated to reach 205 million in 2010 (accounting for 66% of the population). The older Canadian population is the fastest growing segment of online users. By leveraging the strengths of each other, merchants of both Adyen and Moneris will be able to offer the relevant payment methods to the desired customer base increasing the probability of an on-line conversion.

"Moneris has always focused on serving the needs of our customers both for their present as well as their future needs,” said Chris Poshni, Vice President, Sales Operations for Moneris. “By working with Adyen, Moneris is allowing our customers more choices and flexibility in regards to serving their target audience effectively."

The analytics and customization capabilities of Adyen will allow Moneris to micro-target consumer feature preferences, which have been shown to drive higher conversion rates, as well as identify over twenty specific patterns of fraud and set parameters to prevent future deceptive payments. The partnership with Adyen will also expedite experience with international markets, as well as supply extensive offering of payment options and fully customizable platforms for Moneris’ customers.

"We are delighted to partner with Moneris, the market leader in Canada,” said Peter Caparso, President of Adyen North America. “As the e-commerce market continues to evolve, we take great comfort knowing that we are working with a partner who will be able to assist us in serving our joint customers needs."

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