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Company

BMO

Canadian bank and co-owner of Moneris, selling the processor alongside RBC.

Known aliases

  • Bank of Montreal
  • BMO Harris
  • BMO Harris Bank

Current stories

investOne report1 publisher

FTC's $12M case against Humboldt cites sham merchants, ignored warnings and a 2015 BMO consultant report

The findings a consulting firm produced for BMO Harris in 2015 now sit inside an FTC complaint as evidence against the processor they described, and the $12 million and the processing ban fall on the processor alone.

Reality

Evidence62
Adoption30
Hype gap+5
Incentives68
Confidence60
investOne report1 publisher

BMO and RBC sold Canada's largest payment processor for about 57 cents a transaction

The CA$2 billion splits evenly and BMO books roughly 15 basis points of capital, but the referral fees that are the whole of what the two banks kept carry no disclosed rate or term, so nobody outside can value them.

Reality

Evidence48
Adoption74
Hype gap+22
Incentives68
Confidence46
investOne report1 publisher

Moneris goes to US private equity, and a third of Canadian payments goes with it

RBC and BMO's $2-billion CAD sale of Moneris would route roughly one in three Canadian payments through a US-controlled entity. Domestic rivals are already fielding the calls.

Publishers:betakit.com

Reality

Evidence34
Adoption22
Hype gap+30
Incentives68
Confidence38