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A Canadian payment giant is being sold to U.S. private equity. Is your digital privacy at risk? (www.cbc.ca)
submitted 2 months ago by to c/canada@piefed.ca
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Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to San Francisco-based investment firm Francisco Partners. Some analysts are raising concerns around what the deal means for Canada's digital sovereignty amid the country's trade war with the U.S.

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[–] 3 points 2 months ago

Joke's on you--it was already at risk

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    [–] 2 points 2 months ago

    Yes

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    [–] 1 point 2 months ago

    monaris? the debit machine with the stupid fuckj g camera on it for some dumb ass reason

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    16 comments in c/canada@lemmy.ca view that post
    [–] 24 points 2 months ago (6 children)

    Well THAT's a step backward.

    How did Canada make such a bad decision when the EU is running full speed in the opposite (correct) direction?

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  • [–] [S] 12 points 2 months ago (4 children)

    Because Carney is the little bitch of the American fund

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  • [–] 7 points 2 months ago (2 children)

    Trump's dog PP wouldn't have been better. I suppose we have to see how this plays out

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  • [–] 0 points 2 months ago*

    Why bit aim higher then a Douche and a shit sandwich. I can't believe that this is piolitics now. America had two senial old men fighting and we had two shitty options.

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  • [–] 2 points 2 months ago

    Maybe it's because corporations do their own fucking thing. Politicians hold little sway even with all those laws they created to protect the corporations (oops...I mean the citizens). My hot water tank finally gave up the ghost a few months back. Thanks Carney! /s

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    • [–] 13 points 2 months ago (2 children)

    digital privacy? is that like unicorns?

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    • [–] 12 points 2 months ago

    Private equity + any risk = yes

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    [–] 9 points 2 months ago

    Yes

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    [–] 15 points 2 months ago

    I will blame Carney if the government doesn't put a stop to this. At very least it should be held to the 10% foreign ownership that banks are.

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    [–] 3 points 2 months ago

    Moneris

    "The Royal Bank of Canada and Bank of Montreal announced earlier this week they would be selling jointly owned Moneris, one of Canada's largest commerce solutions providers, to Francisco Partners for $2 billion."

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    [–] 2 points 2 months ago* (1 child)

    well no, surely gvmnt will not allow more leverage to the US as a middleman between Canadian citizens. the credit card situation is offensive enough

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