MONEXgroup Prepares Business Merchants for the Economic Boom - 51% of Companies Look to Hire New Employees and Upgrade Equipment

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According to a report published by the CBC on April 7, the Canadian economy continues to show signs of growth and stability with 51% of companies surveyed expressing interest in hiring new employees and upgrading their equipment. However security and the increased speed of sales prove to be two major concerns for the expanding businesses – leaving business owners turning to MONEXgroup for Payment Processing Solutions.

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Whatever the future holds – MONEXgroup is on top of the newest payment processing technology.

Get your resumes out and open your wallets! A recent report by the CBC states more good news for the great white North’s economy with a whopping 51% of company’s surveyed expressing interest in hiring new workers due to improved sales. This number not only shows a huge improvement over forecasts made this time last year, but also marks a general trend that the Canadian economy is on an upwards swing (despite setbacks in the value of the Canadian dollar).

CBC News' coverage regarding the increased confidence of Canadian firms goes on to explore the possibility of a 2.3 percent growth in the Canadian real GDP - noting that many businesses are intending to invest in new machinery and equipment. In fact, 46% of surveyed companies say they plan to spend more money on new equipment this year than last year.

Upgrades could not come at a better time. For many companies, old POS systems are painstakingly slow or don’t accept new, secure payment options (such as contactless payments). The consequences of these older systems range all the way from annoyance to missed business opportunities - all the way to fraudulent transactions.

"Today's customer wants simple, uninterrupted, incredibly fast transactions. New systems are able to achieve just that - and much more," commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup. “Whatever the future holds – MONEXgroup is on top of the newest technology to ensure businesses have the most innovative and cost-effective way to accept debit and credit cards. Bring on 2014!”

MONEXgroup offers a number of options for businesses interested in upgrading their systems for increased speed and security. The iWL250 offers an embedded, upgradable chip reader and optionally includes a PIN privacy shield for added security. Additionally, while traditional credit and debit card magnetic strips are accepted - new and more secure methods of payment are accepted as well, making the iWL250 an excellent choice for businesses interested in extra security.

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
Marketing Communications
T: 647 204 0197

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