News Releases
Today, Retail BC and BMO Bank of Montreal announced the introduction of the Retail BC Mosaik MasterCard for Business. The credit card is available to the more than 3,200 member companies of Retail BC, the voice of the province's retail sector, and provides unique and customizable benefits designed for retail business operators. The launch of the card coincides with Retail Week 2005, and B.C. Retail's annual conference on May 3 and 4, 2005.
"Retailers are an important economic engine for B.C., generating more than $44 billion in sales annually and employing more than 250,000 British Columbians," said Mark Startup, President and CEO, Retail BC. "The new Retail BC Mosaik MasterCard for Business will help our members save time and money, which is important in today's hyper-competitive retail industry. Retail BC is proud to be able to offer this type of unique program that will help support retailers in their businesses."
The Retail BC Mosaik MasterCard for Business offers the benefits of BMO Bank of Montreal's Commercial MasterCard and the flexibility to build a credit card plan that's right for each business' needs. Customers build their own customized cards by choosing and paying for only the rewards, features and interest rate plan they want. Unlike other credit cards that offer a limited selection of pre-bundled options, Mosaik MasterCard lets cardholders choose from a variety of individual features. The options range from no-fee cards to the best value AIR MILES reward options available in Canada, so business owners can fully leverage their business spending.
Cardholders will also have all the benefits of a business credit card plus free access to enhanced online reporting, expense and cash flow management, with revolving credit up to $75,000 plus exclusive discounts.
"BMO Bank of Montreal is Canada's small business bank and we're pleased to have partnered with Retail BC to create this solution for B.C.'s retail community," said Randy Ford, Managing Director, Business to Business, BMO Bank of Montreal Cardholder Services.
About Retail BC
Retail BC is a non-profit organization that is the voice of over 3,200 retail companies within British Columbia. BC's retail industry generates over $44 billion in sales and employs over 250,000 British Columbians. Retailers will celebrate Retail Week 2005 www.retailweek.ca the first week of May.
About BMO Bank of Montreal
BMO Bank of Montreal is Canada's largest MasterCard issuer providing innovative payment services to retail and small business customers under the Mosaik brand as well as procurement solutions for corporate customers in Canada and U.S. BMO is one of the top 10 MasterCard purchasing card providers in North America providing leading edge end to end procurement solutions to help businesses gain efficiency and cost savings. For more information about the Mosaik MasterCard For Business, visit www.mosaikbusiness.com.
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