Canada Selects Bank of Montreal MasterCard Program

Share this content:
The Canadian government yesterday awarded a four-year contract to the Bank of Montreal's card services division to supply its MasterCard acquisition card and Web-based card reporting and data integration programs to more than 100 federal government departments and agencies.

Financial terms of the deal were not disclosed.

The contract, which begins in January, calls for Bank of Montreal's BMO ePurchasing Solutions service to provide government-branded MasterCard acquisition cards to 28,000 employees. The card will be used to pay for government-related purchases online and offline.

The Canadian federal government's MasterCard volume totals more than $400 million and accounts for nearly 90 percent of credit card use within the government, MasterCard said.

"We are using Bank of Montreal's payment and systems integration experience to automate and optimize our procurement process to achieve maximum cost saving and significant administrative efficiencies," said Robert Berniquez, director of the Financial Management Policy division, Controllership branch, Treasury Board of Canada.

Bank of Montreal also said its ePurchasing Solutions division would implement its Web-based card reporting and data integration service for the Canadian government. The reporting service lets customers manage detailed purchasing information online and features more than 300 report options.

"Bank of Montreal will help the Canadian government streamline its purchasing process and speed up its settlements and payments, while cutting time and costs from the overall procurement process," said Randy Ford, director of the ePurchasing Solutions division.

The bank's ePurchasing Solutions division offers more than 33,000 corporate payment services to companies in Canada and the United States. The division processes more than 250 million transactions a year.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above