Moneris this month unveiled the launch of a product which lays a foundation for agentic commerce in Canada.
The Toronto-based fintech firm says that its new Moneris Model Context Protocol server is one of the first domestically built platforms in Canada for AI-driven payments.
The MCP server will offer developers, independent software vendors, and enterprise customers a secure and standardized way to connect AI agents to Moneris’ API and commerce capabilities, according to Jordan Williamson, who serves as Vice President of Core Products for Moneris.
“Commerce is entering a new era where intelligent systems will increasingly participate in customer journeys, merchant operations, and payment workflows,” posits Williamson.
“With the launch of the Moneris MCP server, we’re making it easier for developers to deliver trusted, payment-enabled AI experiences to Canadian businesses,” he says.
“At the same time, we’re enabling this in a way that reflects the control, transparency and reliability required for commerce, so businesses retain visibility and oversight,” the VP remarked.
Agentic commerce is an emerging model where AI agents can discover information, make recommendations, initiate actions, and complete transactions on behalf of users and businesses.
Canadian businesses need trusted infrastructure that enables them to participate in this new demand channel, Williamson says, without rebuilding their commerce systems or giving up control of the checkout process.
The Moneris MCP server addresses this need by providing a ready-made integration layer that enables AI agents to securely interact with Moneris API and other functions via open standard, a protocol referred to as the “USB-C for AI.”
“Agentic commerce is changing how people discover and buy,” explains Mia Huntington, Chief Sales and Marketing Officer at Moneris. “With the Moneris MCP server, we’re giving Canadian developers and businesses the tools they need to participate in this shift safely and securely, while keeping businesses in control of their checkout, their data and their customer relationships.”
The launch of the Moneris Model Context Protocol server is only the beginning of a “broader AI and agentic commerce roadmap,” according to a statement from the company, which expects to “continue investing in capabilities that help businesses leverage intelligent automation across commerce, payments, and customer experiences.”
Moneris was founded by RBC and BMO in 2000 and today offers ecommerce and omnichannel solutions, point-of-sale hardware and software, and integrated business tools.
Earlier this month, Moneris became the first company to bring Konek to Canadian businesses.
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