TranSending™ is an end-to-end platform that automates merchant acquiring from application through development

SUNNYVALE, CA & CHICAGO, IL, April 15, 2008 – Moneris Solutions, one of North America’s largest payment processors, today announced that it is implementing the TranSending™ solution from Infonox. TranSending™ is a client-branded, web-accessed system that automates all merchant acquiring processes including Sales Management, Back Office functionality, and Merchant Reporting solutions.

Moneris will be using an integrated version of TranSending™ to automate their US portfolio and manage critical tasks including: organizing sales leads, online merchant application submission, customized underwriting, service level agreement reporting, and profitability analysis. In addition, Moneris will be able to use integrated third party services to automate both front and back end merchant boarding and terminal deployment. The ability to automate the merchant application process through a single point of entry, along with real-time boarding and customized reporting solutions, will translate into cost savings and customer service efficiency. 

Additionally, with TranSending™, Moneris is able to offer a merchant-branded portal through which its customers can view their current and historical processing information in a secure environment. This portal also acts as a document library, Help Center, and customized report repository, further empowering merchants with information about their statistical trends and transaction details.

“Moneris strives to offer our merchants high quality products and outstanding customer service. After evaluating a number of different solutions, we chose the TranSending System from Infonox because we felt it was the most comprehensive and versatile option available,” said Greg Cohen, president of Moneris Solutions, US Group.

Developed over several years by Infonox, TranSending™ is a scalable system that grows as a client’s merchant portfolio grows. The system is built in such a way that it allows for customization and enhancement to fit the specific needs of the client being served.  “Infonox is confident that TranSending™ will provide Moneris Solutions and its customers with a comprehensive and trail-blazing solution to support goals and growth plans in the merchant services industry,” said Safwan Shah, CEO of Infonox.

About Infonox

Infonox is the market and technology leader in delivering financial products and services to new and innovative distribution channels, including self-service kiosks, ATM's, PC’s and POS terminals, the web and mobile phones. The Infonox TransIT™ network provides on-demand access to a wide array of payment applications, including check cashing, money transfer, bill pay, ATM/POS, credit/debit and check processing, prepaid, gift cards and more. The Infonox TranSending™ platform provides businesses with complete sales force automation, underwriting, automated boarding, risk management, compliance management and customer service capabilities.  Infonox offers its services in a SaaS model, allowing clients to maximize their return on investment and realize the fastest time to market. Infonox serves major banks, processors, acquirers, retailers and service aggregators. Please visit www.infonox.com for more information.

About Moneris Solutions/Moneris USA

Moneris Solutions, Inc. (www.monerisusa.com) has a 40-year history as one of North America’s largest processors of credit and debit cards, delivering payment processing capabilities through point-of-sale hardware, software, ACH, electronic check, e-commerce solutions and a gift card program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. Moneris’ U.S. headquarters are located outside of Chicago, IL.