BMO Bank of Montreal
News stories featuring BMO Bank of Montreal:
March 21st, 2017
A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD.
June 1st, 2016
Customers of Canada’s TD Bank, Scotiabank and BMO Bank of Montreal can now make in-store and in-app payments using Apple Pay. TD Bank and Scotiabank announced that they would be supporting Apple Pay last month, but “the three major banks’ launch is coming sooner than anticipated,” says the Financial Post. Apple Pay launched in Canada with the support of American Express alone in November 2015.
January 12th, 2016
Canadian bank BMO is “actively evaluating Apple Pay as a mobile payment option” for its customers, an email seen by iPhone In Canada reveals. “Back in October, sources claimed BMO was planning to launch Apple Pay but that front has remained quiet since then,” the publication reports. Apple Pay launched in Canada with support from American Express in November 2015.
August 11th, 2015
The Canadian Bankers Association (CBA) has published a mobile payments white paper intended to “encourage the introduction and adoption of new and innovative mobile payments products and services in Canada without compromising the integrity of the Canadian payments infrastructure”. The Payments Security White Paper was developed by BMO Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank Group.
Canadian banks issue landmark NFC payments guidelines that focus on open mobile wallets and consumer data protection
May 14th, 2012
The Canadian banking and credit union industry’s Mobile Payments Reference Model provides a detailed blueprint for how NFC mobile payments can be offered in Canada, how open mobile wallets will be and how consumer privacy will be assured.
May 9th, 2012
The payments network has announced PayPass Wallet Services, a digital wallet platform that will support NFC. Eighteen financial institutions, American Airlines and bookseller Barnes & Noble are among those who have signed up for the service.
September 30th, 2011
BMO is to become the first major Canadian bank to issue contactless stickers to its customers, says Canoe.ca. The MasterCard PayPass tags are attached to the back of users’ phones and can then be used to charge purchases of up to C$50 to the customer’s credit card account. PayPass transactions account for nearly 10% of all MasterCard credit card purchases in Canada.
November 30th, 2009
MasterCard Canada has teamed up with Research in Motion and BMO Bank of Montreal to test a system that combines PayPass contactless stickers with email confirmation of each transaction sent to the user’s BlackBerry smartphone.
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