PYMNTS-MonitorEdge-May-2024

BMO

Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
Three Banks to Lower Prime Lending Rate to 8% After Fed’s Rate Cut
September 18, 2024  |  Banking

Three banks will lower their prime lending rate after the Federal Reserve decided to reduce the federal funds rate. BMO, Truist Financial and MT&T Bank...

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BMO Taps Elavon to Add Payment Solutions for Business Clients
BMO Taps Elavon to Add Payment Solutions for Business Clients
March 15, 2024  |  Partnerships

Elavon, a global payment processor, has partnered with BMO, North America’s eighth-largest bank, to introduce a payment solutions platform for BMO’s U.S. clients.  The collaboration aims...

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Visa and BMO Team to Expand Credit Card Installment Access
Visa and BMO Team to Expand Credit Card Installment Access
October 30, 2023  |  Partnerships

Visa teamed with BMO to offer BMO credit card holders access to Visa’s Installments program. The payment option, set to launch next year, lets consumers...

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BMO and DailyPay Enable Earned Wage Access for Commercial Clients
BMO and DailyPay Enable Earned Wage Access for Commercial Clients
September 21, 2023  |  Payroll

BMO Financial Group has partnered with DailyPay, a provider of on-demand pay solutions, to enable BMO’s commercial clients to offer earned wage access to their employees. This...

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BMO and Modern Treasury Integrate Solutions for Commercial Banking Clients
BMO and Modern Treasury Integrate Solutions for Commercial Banking Clients
September 14, 2023  |  Partnerships

BMO and Modern Treasury have partnered to simplify the management and tracking of complex payment flows for their shared commercial banking clients.  This collaboration combines BMO’s banking...

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BILL and BMO Debut Bill Pay and Invoicing Tool
BILL and BMO Debut Bill Pay and Invoicing Tool
March 09, 2023  |  B2B Payments

Billing software firm BILL has launched a bill pay/invoicing platform with BMO. Dubbed BMO Bill Connect, the cloud-based platform “gives customers more visibility and control...

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BMO Teams With Extend for Virtual Card Creation
BMO Teams With Extend for Virtual Card Creation
December 07, 2022  |  B2B Payments

BMO has joined forces with Extend to help clients create virtual cards. The bank said in a news release Wednesday (Dec. 7) that — via...

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BMO Teams With FISPAN to Simplify Business Banking
BMO Teams With FISPAN to Simplify Business Banking
November 17, 2022  |  Banking

BMO has joined forces with FISPAN to offer the bank’s business clients direct access to everyday banking from their enterprise resource planning (ERP) or accounting...

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BMO Debuts Lending Program for Native-Owned Businesses
BMO Debuts Lending Program for Native-Owned Businesses
October 11, 2022  |  SMBs

BMO has launched BMO for Native-owned Businesses, expanding the banks’ investments in lending to minority-owned businesses to include Native American entrepreneurs. The program — launched...

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