News Releases
BMO Harris ePurchasing Solutions, a leading North American provider of advanced commercial card solutions, today announced that it has further expanded its global banking alliances, allowing customers to conduct business through Italy's Banca Popolare di Milano and India's HDFC Bank. The deals expand BMO Harris' international footprint on five continents and allows North American companies to conduct business more efficiently and effectively worldwide.
“Our global network continues to grow and that's good news for BMO Harris customers,'' said Terry Wellesley, Managing Director of BMO Harris ePurchasing Solutions. “We'll continue to partner with leading banks wherever our customers are doing business so we can continue to meet their needs with the strongest commercial card programs available in the industry.”
BMO Harris has been growing its global capabilities by developing alliances with leading institutions around the world. The alliances allow BMO Harris to provide an unparalleled worldwide network with local support banks, making it possible to service corporate card accounts virtually anywhere.
This allows BMO Harris customers – who are among the leaders in today's global economy – to conduct business more efficiently and effectively worldwide. Through BMO Harris details Online, its proprietary database for reporting, analysis and management, clients have the ability to review spend 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. And BMO Harris customers continue to get wider acceptance not only in North America but around the world through its MasterCard commercial credit card programs.
“We're pleased to give customers access to stronger commercial card offerings that only a global issuer can provide,” said Claudio Casaletti, Marketing Manager at Banca Popolare di Milano. “BMO Harris and Banca Popolare di Milano have the capabilities and expertise clients need to manage complex corporate transactions.”
“HDFC has had impressive growth and a partnership with BMO Harris will help us expand further in the commercial banking sector,” said Parag Rao, Head-Product, Portfolio & Service Delivery, Credit Cards at HDFC Bank. “We are now able to offer corporate customers access to a worldwide banking network that will help them streamline and track expenses, which will in turn improve their day-to-day business processes.”
Banco Popolare di Milano and HDFC Bank join several other financial institutions in China, Australia, Japan, Malaysia, France, United Kingdom, Scandinavia and Chile as partners in BMO Harris' global commercial card network.
About BMO Harris ePurchasing Solutions
BMO Harris ePurchasing Solutions is a leading North American provider of advanced commercial card solutions that integrate customized end-to-end electronic procurement and travel and expense management to public and private sector organizations. BMO Harris' client-centric approach utilizes leading technology to customize solutions that directly contribute to an organization's financial performance. One of the top 10 commercial card issuers in North America, BMO Harris e-purchasing provides over 87,000 companies a single-source option for their commercial card programs.
About Banca Popolare di Milano
Founded in 1865, Banca Popolare di Milano is a cooperative bank with more than 700 branches in Italy, concentrated in and around Milan and in northern and central portions of the country. It also operates commercial banks Banca di Legnano and Cassa di Risparmo di Alessandria. In addition to standard retail services such as deposit accounts, credit cards, and loans, the company also offers corporate and investment banking, insurance, and wealth management.
About HDFC Bank
HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 10 million customers across hundreds of Indian cities using multiple distribution channels, including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking services. HDFC has a network of over 750 branches and over 1,700 ATMs in 329 towns and cities.
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