MONTREAL, Sept. 5 /CNW Telbec/ - Laurentian Bank recently launched two
new credit cards, VISA Business and VISA Business Performance, enriching the
range of services MAXAFFAIRES offers its commercial clients.
The features common to both cards include several benefits, such as a
28-day payment term, one of the longest in the industry, and an annual
management report, broken down by category of purchase and by card. This
simplifies accounting and allows tighter control of business spending. The
other benefits include insurance that automatically covers VISA Business or
VISA Business Performance cardholders against the following risks: public
transport vehicle accident and rental vehicle collision and damages, as well
as purchase insurance and extended warranties.
The VISA Business Performance card, in addition to these benefits, offers
a 0.75% cash back for all purchases made on the card from the first dollar
charged. It also automatically includes travel insurance coverage for lost
luggage, trip cancellation or interruption, and medical care outside Quebec
To meet the needs of many SMEs, VISA Business account holders (both VISA
Business and VISA Business Performance) can now benefit from Blue Cross
individual health insurance offered as an option both to the holders of any of
these cards and to non-cardholding employees of the firm. Optional coverage
includes hospitalization and diagnostic services, life, disability,
supplemental health and dental insurance. This optional insurance can become
an advantage for SMEs by adding to the benefits offered to their employees.
"With the proliferation of credit cards available on the market,
Laurentian Bank had to offer even more advantageous features for its business
clientele," says Luc Bernard, Executive Vice-President, Retail and SME
Financial Services. This is what we have accomplished with VISA Business and
VISA Business Performance, two tools that give a new dimension to the benefits
SMEs will derive from them."
The new VISA Business and VISA Business Performance cards are available
now through the Laurentian Bank branch network.
Laurentian Bank's MAXAFFAIRES commercial banking services offer
businesses access to personalized service and a competitive product line.
About 200 people specializing in commercial banking services devote all their
energy to developing customized solutions and guiding their clients in their
development and their projects. MAXAFFAIRES meet the needs of the
manufacturing, service, retail, agricultural and real estate sectors and
specialists in international trade. These services are offered through
29 commercial Banking Centres, including 22 in Quebec, and 158 bank branches.
About Laurentian Bank
Laurentian Bank of Canada is a Quebec banking institution operating
across Canada dedicated to meeting the financial needs of its clients through
excellence in service, as well as through its simplicity and proximity. The
Bank serves individual consumers, small and medium-sized businesses as well as
financial advisors through B2B Trust. It also provides full-service brokerage
solutions through its Laurentian Bank Securities subsidiary. Laurentian Bank
is well established in the Province of Quebec, operating the third largest
retail branch network and is a performing player in specific market segments
elsewhere in the country. Laurentian Bank of Canada has over $17 billion in
balance sheet assets and $15 billion in assets under administration. Founded
in 1846, the Bank employs more than 3,300 people. Its common shares are listed
on the Toronto Stock Exchange (TSX: LB). For more information, please visit
(R) VISA Int./Laurentian Bank of Canada, licensed user.
For further information:
For further information: Gladys Caron, Vice-President, Public Affairs,
Communications and Investor Relations, (514) 284-4500, extension 7511,
Cellular: (514) 893-3963, firstname.lastname@example.org