This petition asks the federal government to block the sale of Moneris Solutions Corporation — a major Canadian payment processor — to a U.S. private equity firm called Francisco Partners.
This petition asks the federal government to block the sale of Moneris Solutions Corporation — a major Canadian payment processor — to a U.S. private equity firm called Francisco Partners.
Sponsored by Karina Gould (Burlington) · Liberal
If successful, this would keep a company that handles a large share of Canadian credit and debit transactions under Canadian ownership, protecting your financial data from foreign control.
The full petition text
Moneris Solutions Corporation is a major Canadian payment-processing platform that processes a substantial share of Canadian retail transactions;
Payment-processing infrastructure, and the sensitive payment, financial, merchant, and identity-related data it handles, are essential to Canada’s economic resilience, privacy, competition, and national sovereignty; and
The proposed acquisition of Moneris Solutions Corporation by Francisco Partners would place essential Canadian payments infrastructure under U.S. ownership and control, creating unacceptable risks to Canadian data sovereignty, privacy, operational resilience, and economic security.
We, the undersigned,citizens and residents of Canada, call upon theGovernment of Canadato:1. Use all available federal authorities to deny or otherwise prevent the proposed acquisition of Moneris Solutions Corporation by Francisco Partners;2. Preserve Canadian ownership and control of this essential payments infrastructure; and3. Protect Canadians’ sensitive payment, financial, merchant, and identity-related data from foreign control or access inconsistent with Canadian law and Canada’s national interest. 1. Use all available federal authorities to deny or otherwise prevent the proposed acquisition of Moneris Solutions Corporation by Francisco Partners; 2. Preserve Canadian ownership and control of this essential payments infrastructure; and 3. Protect Canadians’ sensitive payment, financial, merchant, and identity-related data from foreign control or access inconsistent with Canadian law and Canada’s national interest.
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