BMO Financial Group
TSX : BMO
NYSE : BMO

BMO Financial Group
nuTravel Technology Solutions

nuTravel Technology Solutions

March 28, 2011 09:19 ET

nuTravel and BMO Announce Payment Solutions Partnership

- BMO customers will benefit from the travel industry's fastest online corporate booking tool

- nuTravel customers gain access to a more comprehensive suite of payment solutions, including BMO's highly-regarded Diners Club program

PORT CHESTER, NEW YORK and TORONTO, ONTARIO--(Marketwire - March 28, 2011) - nuTravel Technology Solutions (nuTravel) and BMO Financial Group (NYSE:BMO)(TSX:BMO) have entered into a partnership agreement that will give corporate and travel-management-company clients access to a suite of products that brings together nuTravel's online booking and expense management tools with BMO Financial Group's corporate travel & entertainment card payment solutions, including the Diners Club corporate card program.

The agreement will mean that BMO's and nuTravel's sales and service representatives can now offer clients, distributors and prospects 'plug-and-play' options that bridge their respective programs into a unified offering. 

Customers can now take advantage of an end-to-end solution for the business travel booking and reconciliation process, powered by nuTravel CTS - the corporate travel industry's fastest, most comprehensive and flexible online corporate booking tool.

This will give clients access to open platforms capable of sharing booking, payment, and expense data, delivering greater efficiency and control over their employees' business travel costs at the point of sale, and better visibility into where travel dollars are actually being spent.

"We are very excited about this new partnership with BMO," stated Carmine Carpanzano, president and CEO of nuTravel. "Working together within the same marketplace, our two companies and their respective offerings complement one another and offer measurable value to current and prospective clients. Together, we offer a set of integrated processes in which flexibility and customization is second to none."

Terry Wellesley, managing director of BMO Spend & Payment Solutions, the corporate card division of BMO Financial Group, said, "Today, more than ever, clients demand the freedom to choose tools that meet the unique needs of their organizations. Through our partnership with nuTravel, BMO will offer a wider array of solutions that work for both the road warrior and the corporate travel manager and deliver true visibility and control over their business travel spend." 

About nuTravel Technology Solutions

nuTravel Technology Solutions delivers the corporate travel industry's fastest, most comprehensive and flexible online corporate self-booking tools; providing a robust and intuitive selection of travel booking content and capabilities that seamlessly integrate with travel management companies and corporations. Our tools enforce travel policy, optimize vendor relationships, reduce service fees, increase profits and improve operational efficiency while streamlining the day-to-day processes of corporate travel programs and creating a quick, easy and affordable experience for travelers and travel managers. For more information, please visit www.nuTravel.com.

About BMO Spend & Payment Solutions

A division of BMO Financial Group, BMO Spend & Payment Solutions is a leading commercial card and payment solutions provider in North America. BMO Spend & Payment Solutions' products are widely used by corporations, non-profit and government-sector organizations to manage, control and gain better visibility into their commercial spending and payments. For more information, visit http://www.bmospendandpayment.com. 

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $413 billion as at January 31, 2011, and more than 38,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

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