BMO Harris Bank, a US-based lender, has released a new credit card especially for small businesses in the country.
The new offering, known as Small Business Mastercard, will enable the banks’ small merchants to add the card details to the BMO Harris Bank Masterpass, Apple Pay, Android Pay and Samsung Pay digital wallets to make contactless payments.
Using these digital wallets, small business customers can make transactions from their mobile devices without the need of wallet or a card.
The new zero liability protection eliminates unauthorised purchases and also supports the bank’s mission in providing small business customers an efficient way to make business purchases.
BMO Financial Group head of North American Retail Payments Jennifer Hawkins said: “Small business owners are busy, and we’re here to help by offering them a simpler purchasing experience on their smartphone devices.
“Our digital wallets are secure and easy to use, making for a simple, straightforward buying experience.”