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October 30, 2023

On the web

April 27, 2023

On the wires

New BMO Survey Reveals Changing Digital Banking Habits in the U.S.

PR Newswire

"A new BMO survey revealed changing online banking trends in the U.S. as half of Americans (50 percent) reported they plan to move more transactions online throughout 2023. Increasing deposits, transferring funds, and viewing statements are reported as the top digital banking actions Americans plan to prioritize this year. Additionally, most Americans surveyed (59 percent) said they want financial literacy resources within their digital banking apps, with that number increasing to 73 percent among those ages 18-34."

December 14, 2022

On the web

BMO and Extend Bring Virtual Card Distribution and Better Spend Management Capabilities to North American Commercial Clients


“BMO and Extend, a virtual card and spend management platform, today announced the addition of a simple and powerful set of payments functionality to BMO Corporate Cards. Through its existing relationship with Mastercard, BMO Commercial Bank clients across North America can now use Extend’s mobile and desktop app to create, send, and manage virtual cards for simplified payment and reconciliation processes. BMO is the first organization to work with Extend in Canada and will make Extend solutions available to all Corporate Card clients across North America. Extend provides an opportunity for clients to deploy secure virtual cards from their existing Corporate Card program, without any technical integration, in as little as five minutes.”

November 29, 2022

On the web

Bank of Montreal Rolls Out New Digital Credit Card Installment Plan Feature

Seeking Alpha

“In an effort to increase financial flexibility for its Canadian retail credit card customers, Bank of Montreal has launched a new digital credit card installment plan solution, called PaySmart, it said on Monday. Customers can choose to break down their eligible credit card purchases of more than $100 in three, six or 12 equal monthly payments with no interest charges and a monthly fee of up to 0.9%. Purchases are made within existing credit limits via PaySmart, so no credit checks or approvals are required, the Canadian lender said.”

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