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Payment Processor Moneris To Be Acquired By U.S. Company Francisco Partners
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Payment Processor Moneris To Be Acquired By U.S. Company Francisco Partners
Toronto and San Francisco – In a proposed deal that has some experts concerned about Canadians’ digital privacy, U.S.-based investment firm Francisco Partners has entered into an agreement to acquire payment processor Moneris from Bank of Montreal and Royal Bank of Canada. However, CBC News reports that some industry analysts are raising concerns the move could have negative repercussions for Canada’s digital sovereignty amid the country’s ongoi…
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