AIADA Establishes Partnership with Moneris Solutions for Dealership Electronic Payment Processing

ALEXANDRIA, Va., Jan. 14 /PRNewswire/ -- The American International Automobile Dealers Association today announced a new affinity partnership with Moneris Solutions, designed to provide dealer members with exclusive pricing on merchant card processing, check guarantee and conversion, gift cards and ACH/EFT processing. Moneris Solutions is one of North America's largest payments processors with a roster of clients that include numerous Acura, Lexus, Mercedes-Benz and other leading car dealerships.

"As more and more customers seek to pay by credit and debit card, and check services become a critical component to closing deals, the ability to accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction," said AIADA President Cody Lusk. "Through Moneris' flexible and turnkey merchant services solutions, our dealers have the opportunity to enhance customer convenience throughout the transaction process and put their focus back on running the business."

Moneris Solutions has over 40 years experience in the payment processing industry and currently processes more than 2.5 billion credit and debit card transactions a year for over 350,000 merchant locations across North America. By partnering with Moneris, AIADA dealers will have access to a simple, exclusive pricing structure, a wide array of hardware and software solutions for payment processing, and unparalleled 24/7 customer and technical support to meet their unique needs. As an added bonus, Moneris' loyalty program will reward dealerships' best customers and help retain crucial service business.

"We are excited about our partnership with AIADA and its members," said Gregory Cohen, President of Moneris Solutions. "Moneris recognizes that each of our clients is unique and requires a specialized program. We believe our tailored solutions are ideal for automotive dealers both large and small."

With the addition of Moneris Solutions, AIADA introduces another world- class provider to its Member Benefits Program. AIADA researches hundreds of companies serving the auto industry and selects only those who provide the highest value and quality products, sales, and service to participate in the Member Benefits Program as an Affinity Partner.

About AIADA

Founded in 1970, AIADA is dedicated exclusively to the economic and political interests of America's international nameplate automobile dealers, representing the 11,000 American automobile franchises that sell and service international nameplate brands, including: Acura, Aston Martin, Audi, Bentley, BMW, Ferrari, Honda, Hyundai, Infiniti, Isuzu, Jaguar, Kia, Land Rover, Lexus, Maserati, Maybach, Mazda, Mercedes, MINI, Mitsubishi, Nissan, Porsche, Rolls Royce, Saab, Scion, Subaru, Suzuki, Toyota, Volkswagen and Volvo. These retailers have a positive economic impact both nationally and in the local communities they serve, providing nearly 500,000 American jobs. Visit AIADA online at www.aiada.org.

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 350,000 North American merchant locations and has a staff of over 1,100 employees. Moneris' U.S. headquarters are located outside of Chicago, IL.