Government of Canada Selects BMO Financial Group and MasterCard As Official
Travel Card Supplier
- Federal Government Employees to Benefit from Industry-Leading Card
- BMO enables access to detailed travel spend data to streamline
travel management, meet transparency requirements
- Cards will be fully integrated with HRG's world-class booking,
expense, and data management solutions
TORONTO, ONTARIO -- (Marketwired) -- 04/04/13 -- BMO Financial Group
(BMO) today announced it had succeeded in its bid to provide an
integrated travel and expense management program, in partnership with
international corporate services provider HRG, for the Government of
Canada. The agreement will run until April 2022, and will entail
rolling out approximately 100,000 BMO-issued Travel MasterCard(R)
cards to more than 100 Government of Canada departments and agencies
within the next 12 months.
Federal government employees will enjoy the unsurpassed acceptance of
MasterCard(R), the most accepted corporate card in the world. The
corporate travel cards, issued by BMO, will be used for all
government employees' travel spend and will be fully integrated with
the world-class benefits of HRG's travel, booking, expense and data
"Government organizations today want smarter solutions that optimize
travel management and improve the travel experience for employees,"
said Andrew Irvine, Head of Corporate Payments, North America, BMO
Financial Group. "BMO's dedicated public sector card team has a long
history of successfully helping Canadian municipal and provincial
governments manage travel, and meet disclosure requirements, through
our robust and detailed travel spend data."
"We know federal government employees will see the benefits of
travelling with a BMO issued MasterCard, and they will come to enjoy
the advantages of unsurpassed global acceptance, security and
flexible features," said Richard McLaughlin, Head of MasterCard
Canada. "We've worked with BMO Financial Group to provide the Federal
Government with a credit card that will help them manage travel spend
and also provide employees with the best travel experience."
BMO Financial Group is a leading provider of commercial card and
treasury solutions in North America. In addition
to the recent travel
agreement, BMO has served the Government of Canada as its purchasing
card solution provider since 2003.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a
highly diversified North American financial services organization.
With total assets of $542 billion as at January 31, 2013, and more
than 46,000 employees, BMO Financial Group provides a broad range of
retail banking, wealth management and investment banking products and
About MasterCard Worldwide
MasterCard (NYSE:MA), www.mastercard.com, is a technology company in
the global payments industry. We operate the world's fastest payments
processing network, connecting consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. MasterCard's products and solutions make everyday
commerce activities - such as shopping, traveling, running a business
and managing finances - easier, more secure and more efficient for
everyone. Follow us on Twitter @MasterCardNews, join the discussion
on the Cashless Conversations Blog and subscribe for the latest news.
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