Open for signatureElectronice-7712 · Parliament 45

Block Moneris acquisition

Sign on the House of Commons website

Petitioners ask the Government of Canada to use all available federal authorities to block Francisco Partners’ proposed acquisition of Moneris, preserve Canadian ownership and protect Canadians’ payment and identity data.

Why we would sign this petition

  • Keeps core payments infrastructure under Canadian control, reducing risk that foreign owners could access or exploit transaction systems.
  • Aims to protect sensitive payment, financial and identity data from foreign control or access inconsistent with Canadian law.
  • Supports economic resilience, privacy and operational security by maintaining domestic oversight of a major payment processor.

Why we wouldn’t sign this petition

  • Intervening to block the sale could deter foreign investment and affect market confidence and capital flows.
  • Using broad federal authorities may be legally complex or politically contentious; regulatory safeguards might address risks with fewer disruptions.
  • Ownership alone may not prevent data risks; technical, contractual and regulatory measures could better secure data than blocking a transaction.

The summary and both sets of reasons are AI-generated from the petition and given equal weight. Claims are the petitioners’ own; consult the official record for the full text.

Official petition

Petition to the Government of Canada Moneris Solutions Corporation is a major Canadian payment-processing platform that processes a substantial share of Canadian retail transactions; Payment-processing infrastructure, and the sensitive payment, financial, merchant, and identity-related data it handles, are essential to Canada’s economic resilience, privacy, competition, and national sovereignty; and The proposed acquisition of Moneris Solutions Corporation by Francisco Partners would place essential Canadian payments infrastructure under U.S. ownership and control, creating unacceptable risks to Canadian data sovereignty, privacy, operational resilience, and economic security. We, the undersigned, citizens and residents of Canada, call upon the Government of Canada to: 1. Use all available federal authorities to deny or otherwise prevent the proposed acquisition of Moneris Solutions Corporation by Francisco Partners; 2. Preserve Canadian ownership and control of this essential payments infrastructure; and 3. Protect Canadians’ sensitive payment, financial, merchant, and identity-related data from foreign control or access inconsistent with Canadian law and Canada’s national interest. 1. Use all available federal authorities to deny or otherwise prevent the proposed acquisition of Moneris Solutions Corporation by Francisco Partners; 2. Preserve Canadian ownership and control of this essential payments infrastructure; and 3. Protect Canadians’ sensitive payment, financial, merchant, and identity-related data from foreign control or access inconsistent with Canadian law and Canada’s national interest.

Government response

No government response is available yet.