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Microsoft Retail Management System now works with payment processing from Moneris Solutions

22 November 2006

Moneris Solutions Corporation ("Moneris") today introduces debit and credit card payment processing for Microsoft(R) Retail Management System. The combination of a leading point-of-sale (POS) software solution with payment processing provides small and midsized retailers with a customizable solution to manage store operations and retail tasks such as inventory control and pricing.


"By working with Microsoft, our merchant customers gain the benefit of retail operations software combined with Moneris's card processing expertise at the point-of-sale," said Brian Green, Senior Vice President, Moneris. "With the explosion of broadband IP networks, retailers are increasingly turning to applications that are integrated and provide economies of scale across multiple checkouts and store locations; Microsoft Retail Management System is a powerful answer to this demand."


Moneris is Canada's largest provider of payment services to more than 350,000 merchant locations - over one third of which are small to midsized retailers. Moneris processes more than two billion card transactions annually. Retailers are recognizing the significant importance of POS management as a key factor in success. Well-run POS systems provide greater efficiency and rich data integration which merchants can use to fine tune their operations such as inventory and cost management and tracking the success of advertising and sales promotions.


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Benefits of Moneris integrated payment processing include:


- Serve customers faster. Transactions are processed across a broadband


IP network and take only two to four seconds to complete.


- Help reduce operating costs. Fees associated with separate POS


terminals and additional paper and supply costs are eliminated. Plus,


dedicated phone lines for multiple payment terminals can be removed


and replaced with an IP infrastructure - used to power payment


processing and other store functions such as Web access, digital


surveillance and alarm monitoring, music and signage.


- Streamline POS processes. With an integrated system, credit and debit


card transaction details are entered only once which eliminates the


need to manually re-enter transaction details, thereby reducing


errors and end of day balancing issues.


- Increase efficiency. One, easy to use solution helps retailers


automate inventory tracking and procedures, enhances management


reporting and control, and facilitates easier reconciliation of card


transactions.


- Deposit flexibility. Deposit the proceeds of card transactions


directly into any Canadian financial institution business or


commercial bank account.


- Future ready. Moneris' 7800 PINpad supports all payment standards so


businesses don't have to worry about upgrading as payment industry


standards change.


>>


"Moneris is Canada's largest payment processor so this solution of integrated payments with Microsoft Retail Management System makes great business sense," said Garth Dean, General Manager, Microsoft Business Solutions Group, Microsoft Canada Co.


About Moneris Solutions


As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment. With 350,000 merchant locations generating more than two billion transactions annually, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.


Moneris Solutions and the Moneris Solutions design are registered


trademarks of Moneris Solutions Corporation.


About Microsoft Canada


Established in 1985, Microsoft Canada Co. is the Canadian subsidiary of Microsoft Corporation (NASDAQ "MSFT"), the worldwide leader in software, services and Internet technologies for personal and business computing. Microsoft Canada provides nationwide sales, marketing, consulting and local support services in both French and English. Microsoft Canada is headquartered in Mississauga, Ontario with MSN.CA offices located in Toronto and eight regional offices across the country dedicated to empowering people through great software - any time, any place and on any device. Visit Microsoft Canada's Web site at www.microsoft.ca.


Microsoft is either a registered trademark or trademark of Microsoft


Corporation in the United States and/or other countries.


For further information: Matt Cram, Environics Communications, mcram@environicspr.com, (416) 969-2726; Michelle Ghandour, High Road Communications, mghandour@highroad.com, (416) 644-2247

Source: newswire


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