Bank of Montreal (BMO) and Mastercard have launched a new embedded commercial payments feature for eligible corporate card customers in Canada. The offering allows those clients to initiate and manage BMO commercial virtual card payments directly within their operational software platforms, rather than handling the process outside their existing systems. According to the announcement cited by Techub News, the partnership makes BMO the first Mastercard issuer in Canada to deliver an integrated embedded finance and virtual card payment experience through participating platform integrations. The item was attributed to Finextra’s crypto channel.
Bank of Montreal (BMO) and Mastercard said they have introduced a new embedded commercial payments feature that lets eligible corporate card customers initiate and manage BMO commercial virtual card payments directly inside their operational software platforms.
With the launch, BMO becomes the first Mastercard issuer in Canada to offer an integrated embedded finance and virtual card payment experience through participating platform integrations.
The update was cited by Techub News, attributing the information to Finextra’s crypto channel.
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