Payment & Expense
BMO Financial Group clients participating in the Diners Club International rewards program now can pool Club Reward points for company use,
senior manager of T&E corporate card products Alan Docherty told BTN. Under the new Corporate Collect program, every U.S. dollar spent equals one point and “will roll up to the corporation to use,” instead of the individual cardholder, Docherty explained. American Express in 2013 launched a similar program specifically for small businesses; BMO's program launched in January and is used by a few small and midmarket companies but is open to clients of all sizes, he said. BMO also plans to roll out a virtual card product this spring, following a pilot program launched in July 2014, he said.