CHICAGO, IL, August 13, 2007 -- 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. For more information about Optimal Payments, please visit the Company’s website at www.optimalpayments.com.
About Moneris Solutions
Moneris Solutions, Inc. (www.monerisusa.com) has a 40-year history as one of North America’s largest electronic transaction processors, delivering advanced payment card processing capabilities through point-of-sale hardware, payment processing software, e-commerce solutions and a gift and loyalty 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 380,000 North American merchant locations and has a staff of over 1,100 employees. Moneris’ U.S. headquarters are located outside of Chicago, IL.
| Dave Groobert 202-296-2002 x101 drg@ecius.net |