Government of Canada Selects BMO Financial Group and MasterCard As Official Travel Card Supplier

Thu Apr 4, 2013 3:54pm EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Apr 04 (Marketwired) --
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 management solutions.

    "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 solutions.

    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.

Contacts:
For News Media Enquiries:
BMO Financial Group
Russell Baker
(416) 867-3996
russell.baker@bmo.com

Corporate Ink
Dan Carlson
(617) 969-9192
dcarlson@corporateink.com
Contacts:
MasterCard Canada
Serda Evren
(416) 365-6671
serda_evren@mastercard.com

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