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 to optimize credit, debit and digital payment transactions, offering secure and scalable payment capabilities tailored to BMO’s diverse client base,...
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 at the Canadian financial institution convert qualifying purchases into smaller, equal payments made over a set period, the companies said...
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 collaboration aims to provide real-time access to wages as they are earned, giving employees the ability to access their funds...
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 capabilities with Modern Treasury’s financial operating system, offering faster and more flexible payments, automated reconciliation, real-time financial data, pre-built reporting...
September 18, 2024
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 said in separate press releases issued Wednesday (Sept. 18) that they will lower their prime lending rate from 8.5% to 8%, effective Thursday (Sept. 19). The Fed announced Wednesday that […]
March 15, 2024
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 to optimize credit, debit and...
October 30, 2023
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 at the Canadian financial institution...
September 21, 2023
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 collaboration aims to provide real-time...
