BMO Spend & Payment Solutions(TM) Expands its Global Reach: Adds Eight New Countries to Growing Global Banking Alliance

    Global commercial credit card partnerships enable BMO's North American
    corporate clients to conduct business worldwide

    TORONTO, July 29 /CNW/ - BMO Spend & Payment Solutions, a leading North
American provider of advanced commercial card solutions, today announced that
it has further expanded its global banking partnerships, allowing customers to
conduct business through Asia's United Overseas Bank and Europe's BCC
Corporate NV. The agreements further expand BMO's international footprint and
enable North American companies to conduct business more efficiently
    United Overseas Bank, which became a BMO partner last year through its
operations in Malaysia, has expanded this relationship to include its
locations in Hong Kong, China; Singapore; Thailand; and Indonesia. BCC
Corporate has partnered with BMO in the following countries: Belgium, The
Netherlands, Luxembourg, Germany and France.
    "We're always looking for opportunities to grow our global network, which
makes it easier for our customers to do business around the world," said
Terry Wellesley, Managing Director of BMO Spend & Payment Solutions. "We'll
continue to seek these partnerships so that our customers have ready access to
one of the strongest commercial card programs available in the industry."
    BMO has been rapidly growing its global capabilities by developing
alliances with leading institutions around the world. The alliances enable BMO
to provide an unparalleled worldwide network with local support banks, making
it possible to service corporate card accounts virtually anywhere. This allows
BMO customers - among the leaders in today's global economy - to conduct
business more efficiently worldwide.
    Through BMO detailsOnline(R), its proprietary database for reporting,
analysis and management, clients have the ability to review procurement and
travel expenses by both individual country and a worldwide rollup in a single
currency. The suite of global reports provides customers greater expense
oversight, streamlined activities, and better cash flow for their business
transactions at home and abroad.
    "It's important for BCC Corporate to continue offering customers access
to a worldwide commercial card network and expanded card offerings," said
Wouter Versonnen, Head of Sales at BCC Corporate NV. "BMO is the right fit for
us as we service customers that need the best solutions to effectively manage
their corporate transactions."
    United Overseas Bank and BCC Corporate NV join several other financial
institutions in India, Italy, China, Australia, Japan, France, United Kingdom,
Scandinavia and Chile as partners in BMO's global commercial card network.

    About BMO Spend & Payment Solutions

    A division of BMO Financial Group, BMO Spend & Payment Solutions
(formerly BMO ePurchasing Solutions) is a top 10 commercial card provider and
a leading provider of spend and payment solutions in North America. BMO Spend
& Payment Solutions' products are widely used by corporations, non-profit and
government sector organizations to manage, control and gain better visibility
into their commercial spending.
    Through Harris N.A., a Midwest-based and wholly owned subsidiary of BMO
Financial Group, BMO Spend & Payment Solutions offers a comprehensive range of
financial products and services to U.S. public and private sector

    About United Overseas Bank

    United Overseas Bank Limited (UOB) is a leading bank in Singapore with a
global network of over 500 branches/offices and subsidiaries/associates in
18 countries and territories in Asia-Pacific, Western Europe and North
America. UOB offers an extensive range of commercial and personal financial
services through its branches as well as through its subsidiaries and
associate companies.

    About BCC Corporate NV

    BCC Corporate focuses fully on credit cards and related services for
companies to generate savings, increase control, and provide comfort for
corporations. Four major Belgian banks - Fortis, Dexia, ING and KBC - hold
stakes in BCC Corporate. In 2007, a turnover growth of 25 percent was achieved
with a 65 percent market share in Belgium. BCC Corporate provides extensive
insurance and reporting packages linked to corporate cards and is much more
flexible concerning the payment terms, payment methods and closing dates of
the accounts. The corporate range consists of three products: corporate cards,
related cards and travel key cards and are issued in most European countries
in Eurozone.

For further information:

For further information: Media Contacts: Michael G. Ettlemyer,
Environics Communications for BMO Spend & Payment Solutions,, (203) 325-8772 Ex. 14; BMO Financial Group,
Ralph Marranca, Toronto,, (416) 867-3996; Lucie
Gosselin, Montreal,, (514) 877-8224; Laurie Grant,
Vancouver,, (604) 665-7596

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890