Categories: Analysis

BMO partners with Elavon on the payment platform for US customers

Elavon, one of the largest payment processors in the world, and BMO, the eighth largest bank in North America by total assets, have announced a partnership to provide the bank’s customers in the United States with a comprehensive and innovative payment solutions platform.

The partnership enables the acceptance, enablement and optimization of credit, debit and digital payment transactions. Additionally, it will provide secure, scalable payments capabilities and technologies tailored to the needs of BMO’s U.S. small business, enterprise and capital markets customers.

“Elavon is excited to bring our capabilities to support BMO’s business customers,” said Jamie Walker, CEO of Elavon. “Our range of digital payment options reflects customers’ evolving needs for greater payment integration with their own technology, faster access to funds and superior customer service.”

Services include:

Core acquisition and processing – tailored merchant processing solutions
Omnichannel adoption – in person, online or on the go
Dynamic multi-currency conversion – international payments
Fraud Management – proven track record with state-of-the-art security solutions

“Our partnership with Elavon aligns with BMO’s digital-first strategy, which supports our customers’ progress through significant improvements in technology capabilities that enable speed, scalability and removal of complexity,” said Hugh McKee, head of BMO Partners. “With Elavon, we will continue to advance quality service and convenience to meet the diverse needs of our customers.”

David Brooks