Moneris Solutions Names Joseph Radest Sr. Vice President, Financial Institutions Channels

CHICAGO--(BUSINESS WIRE)--Moneris Solutions, one of North America's largest electronic transaction processors, today announced that Joseph Radest has joined the executive team as senior vice president, financial institutions channels. In this role, Radest will be responsible for all initiatives with Moneris US’s affiliate and partner financial institutions. Primarily, he will be responsible for expanding distribution and impact within Moneris’ parent banks and further expanding relationships with existing and new partner banks throughout the country.

“Through his past leadership roles, Joe has a thorough understanding of the financial institution and payment processing markets. Moneris was originally created to serve its banking clients and Joe has the expertise to lead all of Moneris’ efforts in this arena and solidify our position as the financial institution provider of choice,” said Greg Cohen, president of Moneris Solutions U.S. Group.

Radest comes to Moneris with more than 17 years of business development, channel management, and payment processing experience. He most recently served as vice president/director of business alliances for Global Payments in Atlanta. In that position, he was responsible for launching the business alliance division where he directed a team that sought out, managed, and developed strategic and referral partners for Global Payments. Prior to Global Payments, Radest was director of sales at TSYS where he was responsible for global business development of TSYS ProphIT and Processing. Radest also held several leadership positions at First Data Corporation where he launched and managed numerous bank alliances programs.

“I am excited to contribute to the success of Moneris and become a part of their U.S. expansion plans. With Moneris’ achievements and commitment to its partner banks, we have a tremendous financial institution platform on which to grow. I look forward to expanding their payment processing and FI servicing capabilities throughout the country,” said Radest.

About Moneris Solutions

Moneris Solutions (www.monerisusa.com) has a 30-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 350,000 North American merchant locations and has a staff of over 1,100 employees. U.S. headquarters are located outside of Chicago, IL.