Merchants Turn to MONEXgroup for Payment Processing in Expectation for Increased Customer Traffic

TORONTO - April 16, 2014 - PRLog -- Canadian businesses are warming up! A strong American bounce back from troubled sales during the winter season may be great news - for Canadians. According to a new study (http://business.financialpost.com/2014/03/30/canadian-economy-expected-to-rebound-after-harsh-winter-disrupted-output-sales-and-hiring/) released in March by the Financial Post, the combination of a recovering housing market and a highly competitive manufacturing sector in America has led to unexpected, but very welcomed growth. Annualized growth in the final three months of 2013 has been calculated at 2.6%, up from the previously estimated 2.4%. This is important news to Canadian businesses which service and sell primarily to Americans.

The winter had affected both American and Canadian economies, but a combination of improved weather conditions in both Canada and America (and the sudden surge in the American market) will, according to the Financial Post, lead to a 3.2% rebound in growth for this year's second quarter. Frustrated Canadian businesses should prepare for improved sales, both online and in their stores.

"There has never been a better time to upgrade the technologies you use for merchant services. State-of-the-art POS solutions are a fantastic way to meet the needs of customers and maintain highly efficient business practices during this rebound in growth" commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup (http://www.monexgroup.com/).

Businesses that are already reaping the benefits from the improving economy (as well as those merchants looking forward to expectant growth) are spring cleaning their hardware and upgrading to seamlessly handle new waves of customers.  MONEXgroup's iWL250 is one option for processing credit and debit cards in a fast and efficient manner. Merchants are also choosing the iWL250 because of its Wireless Long Range GPRS Technology making it portable and powerful – with the capability to pay anywhere your customers are, instantly.

MONEXgroup is the #1 rated payment processing company in Canada offering the lowest rates in the industry. Services offered include: debit card and credit card point-of-sale (POS) terminals, mobile, integrated and e-commerce online payment products. MONEXgroup serves over 20,000 merchant accounts across Canada in all market segments including: restaurants, business-to-business, professional services, leisure and hospitality

Holly Murray

MONEXgroup

Marketing Communications

HMurray@MonexGroup.com

T: 647 204 0197

www.monexgroup.com