SCHAUMBURG, Ill.--(BUSINESS WIRE)--Moneris Solutions Corporation (“Moneris”), one of North America’s largest processors of credit and debit card payments, announced today it is collaborating with Lavu Incorporated (“Lavu”), a rapidly growing provider of POS solutions that run on iOS-based mobile devices, to offer integrated processing of EMV credit and debit card payments to restaurants, coffee shops, food trucks, bars and other businesses in the U.S. and Canada that utilize Lavu’s feature-rich solutions.
Through this relationship, Lavu recently completed certification to Moneris’ Europay, MasterCard and Visa (EMV) platform in both the U.S. and Canada, enabling Moneris to integrate processing of EMV credit and debit transactions into Lavu’s suite of innovative, user-friendly solutions. Now, Lavu clients have the added benefit of processing EMV payments directly through their Lavu solution and Moneris.
In addition, restaurant and foodservice operators in the U.S. can be prepared to accept EMV payments well ahead of the impending October 2015 liability shift of certain types of card fraud. In Canada, restaurant and foodservice operators will benefit from using Lavu’s flexible, scalable POS solutions enhanced with secure, reliable payment services from Moneris, Canada’s largest, most reputable payment processor.
“Moneris is pleased to be working with Lavu to deliver a fully-integrated payment solution that supports EMV,” said Chris Lee, President, North American Strategic Partnerships & Emerging Markets at Moneris Solutions. “As part of this collaboration, we’re working to ensure customers in the U.S. are able to make a successful transition to EMV while those in Canada can take advantage of Lavu’s innovative, feature-rich solutions.”
With the increased adoption of mobile POS (mPOS) solutions, especially in the food service industry, it is becoming more important for providers to integrate payment capabilities into their offerings. Lavu’s EMV certification now ensures its customers are not only payment ready, but also offering the latest secure, convenient payment options.
“Lavu is constantly focused on improving the customer and consumer experience and payment option flexibility is a great way to do that,” said Andy Lim, CEO at Lavu Inc. “As a leader in EMV deployment, management and integration, Moneris is a natural collaboration for us, especially in helping enable our customers to get ahead of the impending liability shift.”
In working together, Lavu gains access to Moneris’ extensive expertise in EMV transitions and broad penetration in the Canadian restaurant industry, while Moneris gets to collaborate with a well-established, rapidly growing technology leader in high-growth market segments.
About Lavu Inc.
Lavu is a worldwide leader of iPad POS systems for full-service, quick-service, and franchise restaurants. Founded in Albuquerque, N.M., and operating worldwide, Lavu Inc. began as a solution to common point of sale problems and restaurant industry issues. Today, Lavu Inc. offers Lavu iPad POS as a full-featured point of sale software solution at an industry-leading price. Through cloud computing, wireless mobility, and multi-touch devices, Lavu iPad POS redefines the entire approach to restaurant business management. For more information, visit http://www.lavu.com.
About Moneris Solutions
As one of North America's largest providers of payment processing solutions, Moneris Solutions Corporation (“Moneris”) offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.