Peppercoin and Moneris Solutions Establish Strategic Alliance

Sep 28, 2004

Peppercoin and Moneris Solutions have announced an alliance intended to meet the small payments processing needs of merchants, whereby they will deliver a small payment processing product suite. Peppercoin, a payments company, recently introduced the Peppercoin 2.0 system designed to reduce transaction processing and customer service costs while driving increased small payments traffic over the payments network. Moneris Solutions, a North American electronic transaction processor, will make Peppercoin 2.0 available to its existing merchants and Peppercoin merchants by the end of the fourth quarter of 2004. Moneris' portfolio of solutions enable merchants to accept credit and debit cards, paper and electronic checks, and gift and loyalty cards. With Moneris providing payment processing with the Peppercoin 2.0 solution, Peppercoin will work with its existing customers to transition them to 2.0 and make the small payments purchasing experience seamless to the consumer. Peppercoin accepts credit and debit cards, and handles pay-per-use and stored value as well as subscription payments.