Block Moneris acquisition

AI summary

Petitioners ask the Government of Canada to use all federal authorities to block Francisco Partners' proposed acquisition of Moneris, preserve Canadian ownership and control, and protect Canadians' payment and identity data.

AI summaries describe petitioners’ requests and claims. Consult the official record for the full text.

Official petition

Petition to the Government of Canada 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 the Government of Canada to: 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. 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.

Government response

No government response is available yet.