Business information > Business articles > U.S. newspapers & news wires > Illinois newspapers > Daily Herald (Arlington Heights, IL) > July 2007

Moneris to open headquarters.(Business)

Article from: Daily Herald (Arlington Heights, IL) | July 12, 2007 | | Copyright

Byline: Anna Marie Kukec Daily Herald Business Writer

akukec@@dailyherald.com

Moneris Solutions Inc. is opening its U.S. headquarters in Schaumburg today, leaving behind its Buffalo Grove site with plans for product and work-force expansion.

Moneris, owned by the Royal Bank of Canada and the Bank of Montreal, is one of the nation's largest electronic transaction processors.

The company uses new technology to process credit cards and financial transfers and plans to expand with direct debits and back-office check processing services, …

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