View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
June 7, 2017

BMO Financial adds Android Pay support for its cardholders

By Prasad

Canadian lender BMO Financial Group has added Android Pay support for its credit and debit card users, allowing them to pay using their Android devices.

When a customer makes a transaction in stores, Android Pay does not share actual credit or debit card number with the merchant. The payment solution works with near-field communication (NFC)-enabled Android devices running KitKat (4.4) or higher.

BMO Financial Group head of retail payments North America Jennifer Hawkins said: “As digital is increasingly the preferred channel for managing accounts and making purchases, our focus continues to be on providing our customers with more simple and secure choices to meet their evolving needs, and bringing Android Pay to customers in Canada is a reflection of that commitment.”

Google vice president of product payments Pali Bhat said: “We’re excited to bring the simplicity and security of mobile payments to BMO customers with Android Pay. Starting today, people will be able to use their Android device to pay at hundreds of thousands of contactless payment terminals in Canada.”

In addition, the lender has introduced various new features to help customers track spending and rewards.

The new credit card alerts feature will offer real time account updates of credit card transaction via email and text message alerts. It will also display current transactions in real time.

Customers can also view and track rewards points balances in real time on BMO Mobile & Online Banking and access to rewards redemption site with a tap or click from BMO Mobile & Online Banking.

Hawkins added: “Alongside quickly bringing to market new purchasing capabilities, we’ve also focused on building technology that can streamline our customers’ experience in areas that are equally important to them, such as the ability to track credit card activity in real time from their mobile device, allowing for a more current and fulsome view of their finances while on the go.”

  1. News
  2. Company news
June 7, 2017

BMO Financial adds Android Pay support for its cardholders

By Prasad

Canadian lender BMO Financial Group has added Android Pay support for its credit and debit card users, allowing them to pay using their Android devices.

When a customer makes a transaction in stores, Android Pay does not share actual credit or debit card number with the merchant. The payment solution works with near-field communication (NFC)-enabled Android devices running KitKat (4.4) or higher.

BMO Financial Group head of retail payments North America Jennifer Hawkins said: “As digital is increasingly the preferred channel for managing accounts and making purchases, our focus continues to be on providing our customers with more simple and secure choices to meet their evolving needs, and bringing Android Pay to customers in Canada is a reflection of that commitment.”

Google vice president of product payments Pali Bhat said: “We’re excited to bring the simplicity and security of mobile payments to BMO customers with Android Pay. Starting today, people will be able to use their Android device to pay at hundreds of thousands of contactless payment terminals in Canada.”

In addition, the lender has introduced various new features to help customers track spending and rewards.

The new credit card alerts feature will offer real time account updates of credit card transaction via email and text message alerts. It will also display current transactions in real time.

Customers can also view and track rewards points balances in real time on BMO Mobile & Online Banking and access to rewards redemption site with a tap or click from BMO Mobile & Online Banking.

Hawkins added: “Alongside quickly bringing to market new purchasing capabilities, we’ve also focused on building technology that can streamline our customers’ experience in areas that are equally important to them, such as the ability to track credit card activity in real time from their mobile device, allowing for a more current and fulsome view of their finances while on the go.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU