BMO Commercial Bank has joined forces with Mastercard and Extend to give clients the power to create and push virtual cards to their employees' mobile wallets.
In brief:
-The bank is the first global Mastercard issuer to offer contactless virtual cards through its cobranded Extend for BMO app
-Corporate card clients can create, send, and manage virtual cards that enable simplified payments online, in-app, and in-store
-It also helps with tighter spending controls and streamlined receipt and reconciliation processes
What does this mean?
Andrew Jamison, CEO, Extend, says: "People expect to be able to make payments on the go, even when those payments are for business expenses. By enabling virtual cards in mobile wallets, we have traveled the last mile toward widespread adoption.
