Tired of Travellers Cheques? - Check This! New Prepaid Travel Mosaik MasterCard Offers a Safer, More Convenient Alternative to Traditional Travellers Cheques

    Added security, more widely accepted around the world and travellers can
    access local currency via ABMs

    TORONTO, June 25 /CNW/ - Hot on the heels of its recent AIR
MILES-with-debit card announcement, BMO Bank of Montreal has launched another
innovative card product, this time targeting Canadian travellers looking for
an alternative to travellers cheques that have become impractical and
    Especially designed for travel, BMO's Prepaid Travel Mosaik MasterCard
has all the convenience and benefits of a credit card without the interest
charges, and it is accepted at more than 24 million locations worldwide.
    "A prepaid travel card has a lot of potential in the travel market," said
Nancy Marescotti, Director, Brand Marketing. "Travellers tell us they don't
like travellers cheques because not enough merchants accept them and they are
too difficult to cash. BMO's Prepaid Travel Mosaik MasterCard is the perfect
alternative to travellers cheques because it is accepted almost everywhere,
it's easier to use and it's safe and secure," she said. "Additionally,
cardholders can obtain cash in local currency at any automated banking machine
around the world that is connected to the Cirrus network. This is a key
benefit for travellers and is unique for this program versus travellers
    The Prepaid Travel Mosaik MasterCard is personalized with the
cardholder's name and comes with the added security of extended warranty and
purchase protection insurance. The card is safer than cash, since if lost or
stolen it can be cancelled at any time and funds can be replaced. It also
offers cardholders zero liability on unauthorized purchases. In addition, the
Prepaid Travel Mosaik MasterCard provides cardholders the opportunity to earn
one AIR MILE reward mile for every $40 spent on the card, at no additional
    Travelling vacationers can use the Prepaid Travel Mosaik MasterCard just
like a credit card and the funds will be debited from the total prepaid amount
on the card. The Prepaid Travel Mosaik MasterCard can be loaded easily from
any bank account from most financial institutions by using the same process
used to make a bill payment. This can be done through an ABM, via online
banking or telephone banking.
    "The Prepaid Travel Mosaik MasterCard is an easy-to-use solution for
travellers who want to stick to a set budget. You can track your expenditures
online so that you can monitor your spending while you are travelling. Once
you have a card for yourself, you can even purchase a supplementary card for
someone special like a young adult who's travelling or as a gift for a
graduating student," said Ms. Marescotti.
    "Our new Prepaid Travel Mosaik MasterCard provides voyagers with the
reassurance that their finances and personal information are safe while
travelling abroad," noted Marescotti. "This card provides a secure and
convenient way to carry funds, help manage a budget and still enjoy many of
the same benefits of BMO's Mosaik MasterCard."
    To promote the Prepaid Travel Mosaik MasterCard, BMO Bank of Montreal is
holding a Purchase, Load & Win Contest with a grand prize of 50,000 AIR MILES
reward miles and $1,000 loaded onto the winner's Prepaid Travel Mosaik
MasterCard. Cardholders will automatically receive one contest entry each time
their card is loaded with $500 or more between June 1, 2007 and August 31,

For further information:

For further information: Ralph Marranca, Toronto,
ralph.marranca@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596

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