A Canadian Payment Giant Is Being Sold to U.S. Private Equity. Is Your Digital Privacy at Risk?

A Canadian payment giant is being sold to U.S. private equity. Is your digital privacy at risk?

Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to San Francisco-based investment firm Francisco Partners. Some analysts are raising concerns around what the deal means for Canada's digital sovereignty amid the country's trade war with the U.S.

Moneris sale to U.S. owner adds risk to Canada’s data sovereignty, payments industry leaders warn

Control over financial services infrastructure and data has come into focus as Ottawa grapples with increasingly uncertain relationship with Washington