MONEXgroup’s Payment Technology Is Needed to Process the Canadian Automakers’ Increased Sales

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Automaker News reported on May 1, 2014 that despite a difficult winter sales season and the increasing cost of gasoline - the Canadian divisions of both Chrysler and Ford show improvements over last year’s numbers. MONEXgroup offers payment processing solutions for automakers looking to upgrade their payment processing in preparation for a busy summer.

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Point of Sale payment technologies are especially important in securing customer satisfaction.

Full speed ahead! Canadian automakers are reporting a considerable growth in sales, with a four percent overall gain over last year's figures. These improved figures, despite the rise in gasoline prices, reflect growth across a number of vehicle types - especially in light truck sales and hybrid vehicles. Customers are arriving in significant numbers, making Point of Sale Payment technologies especially important in securing customer satisfaction.

Chrysler Canada took the lead in total sales, with an impressive 6 percent growth improvement in April. However, Ford's Canadian unit lead in monthly sales, breaking a number of records in specific models, such as its Escape and Explorer SUVs. Sales further south, in the United States, are also improved after initially tepid winter figures, indicating an overall trend of growth in North American auto sales.

"When customers have an outstanding experience in the showroom, or a restaurant or in any retail environment - the last thing any business wants to do is to frustrate or confuse them during checkout” commented Parry Rosenberg, Vice President of Sales and Marketing at MONEXgroup. “MONEXgroup understands that the holistic experience of the customer is valuable and that begins with a commitment to providing the best service and rates in the industry.”

For automakers and other industries looking for extremely fast and secure credit card processing solutions, MONEXgroup offers the iWL250, which offers state-of-the-art security standards and Bluetooth connection that is exceptionally fast. The iWL250 is powerful enough to handle any customer instantly and compact enough to work well in practically any environment.

MONEXgroup is the #1 payment processor 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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Holly Murray

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