Moneris Solutions Signs Optimal Payments Corporation for BIN Sponsorship Program

Moneris Solutions Signs Optimal Payments Corporation for BIN Sponsorship Program

Moneris Solutions, one of North America’s largest electronic transaction processors, today announced that Optimal Payments Corporation, a wholly owned subsidiary of Optimal Group Inc. (NASDAQ:OPMR) has signed an agreement for BIN Sponsorship through Moneris. Under the multi-year agreement, Optimal Payments will look to expand their merchant acquiring programs by leveraging BIN sponsorship through Moneris.

“Moneris has been a solid strategic partner to us over the past few years. They truly understand the needs of a growing payments organization, and we are pleased to continue our relationship with them,” said Doug Lewin, president of Optimal Payments.

“Optimal Payment’s decision to not only continue but elevate its relationship with Moneris reflects on our commitment to supporting and partnering with large, well-established full service ISO entities. Optimal is a tenured and well managed payments company, and we look forward to furthering our relationship,” said Greg Cohen, president of Moneris Solutions U.S.

About Optimal Payments Inc.

Optimal Payments, with operations throughout North America and in the United Kingdom, processes credit card payments for Internet businesses, mail-order/telephone-order and retail point-of-sale merchants, and processes electronic checks and direct debits online and by phone.