Baumgartner is a financial services industry expert with more than 29 years of experience in the payments industry. As CEO and president of Moneris Solutions Corporation since 2001, he has helped the company become one of North America’s largest providers of payment processing solutions, with more than 350,000 merchant locations generating close to three billion transactions annually. He joined Moneris from J.P. Morgan Chase’s Commercial Payments Systems business, of which he was president. At J.P. Morgan Chase, he grew a startup business into one of the world’s largest commercial card issuers.
Prior to that, he was president of US Bancorp’s Commercial Payments Business. At US Bank, he grew the startup commercial card business into the largest issuer of corporate and purchasing cards in the world, in addition to driving the Merchant Processing Business to become the sixth largest acquirer in the United States. A member of the American Institute of Certified Public Accountants, he was also senior manager with Ernst & Young where he focused on the financial services industry.
In 1999, he was named one of the 25 most influential executives by Business Travel News. In addition, he was called one of American Banker’s 10 most admired leaders in the bank card business and in 2005 was designated as the Electronic Transaction Association’s Member of the Year. A Canadian and American citizen, he is a native of Minneapolis.