All for Joomla All for Webmasters
BUSINESS

BMO Commercial Bank launches mobile wallet for virutal cards with Mastercard

credit card

Bank of Montreal (NYSE:BMO) said on Monday its Commercial Bank has launched the Extend for BMO app to allow U.S. and Canadian clients to create and push virtual cards to their employees’ mobile wallets.

Also ReadAmazon, Shopify Strike Deal to Open Amazon Logistics to Sellers

BMO (BMO) is the first global Mastercard (NYSE:MA) issuer to offer contactless virtual cards through its cobranded Extend for BMO app. The virtual cards can be used wherever contactless payments are accepted, it said.

The function is intended to help Corporate Card clients manage travel and business expenses more easily. It also helps with tighter spending controls and streamlined receipt and reconciliation processes.

Also Read– Target employees like the company’s higher wages and benefits, but some say it’s one of the most stressful retail jobs

“By offering mobile wallet functionality for physical cards and now virtual cards and contactless payments, BMO is equipping our Corporate Card clients with convenient tools to manage their businesses and make financial progress,” said Derek Vernon, head of Treasury and Payment Solutions Product Management and Payments Modernization at BMO Commercial Bank (BMO).

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top