UPDATE 1-Moneris joins RBS WorldPay bid shortlist – source

* Canadian card payment processor joins bidding-source

* RBS to invite 2nd round bids from CVC, Advent/Bain-source

* GMS unit inc. WorldPay seen fetching 2.5-3 bln stg-sources

LONDON, April 16 (BestGrowthStock) – Canada’s biggest card payment
processor, Moneris Solution, is among the suitors on a shortlist
to buy Royal Bank of Scotland’s (RBS.L: ) payment processing
business, a person familiar with the matter said.

RBS will also invite second-round bids from buyout firm CVC
[CVC.UL] and from joint suitors Advent International and Bain
Capital, the source said.

The Global Merchant Services (GMS) unit, which includes the
WorldPay business, is expected to fetch 2.5 billion to 3 billion
pounds ($4 billion to $4.8 billion), industry sources have said.

Other bids are still being considered, including interest
from Tsys (TSS.N: ) and buyout groups Silverlake, TPG [TPG.UL],
Carlyle and Permira [PERM.UL], sources said.

RBS and its adviser on the deal, UBS (UBSN.VX: ), are
whittling down the list of suitors and a preferred bidder could
be chosen within two months and a deal could be concluded as
early as July.

Earlier this week sources told Reuters that UK payments firm
Voice Commerce Group had dropped out of the fray, and JPMorgan’s
(JPM.N: ) Chase Paymentech, Atos Origin (ATOS.PA: ) and Apax
Partners had also been interested early in the process.
[ID:nLDE63D27L]

RBS is being forced to sell WorldPay and other assets
including a network of 318 branches and its commodities business
by European competition authorities as a cost of being bailed
out by taxpayers during the financial crisis.

Moneris could not immediately be reached for comment and RBS
declined to comment.

Moneris was created as a joint investment between RBC
Financial Group and BMO Financial Group in 2000 and processes
more than 3 billion credit and debit transactions a year,
according to its website.

Stock Market Research

($1=.6233 Pound)
(Reporting by Myles Neligan and Caroline Copley; Editing by
Phil Berlowitz and Jon Loades-Carter)

UPDATE 1-Moneris joins RBS WorldPay bid shortlist – source