Free webinarSupporting commercial clients through the payments setup process at BMO
Hear how BMO supports commercial clients with smarter testing – for faster implementation of file-based payments and a better client experience.
As corporations scale, Treasury Departments must look at ways to improve internal processes. Improving efficiency often involves payment system and process updates and requires going through a technical enablement step – often the implementation of new, automated services, with their bank. From the treasury perspective, they simply want the new payment process to work, but the technical enablement can be slow and cumbersome.
BMO understands that their clients benefit significantly when the bank can support all their needs in a simple way. That’s why BMO has been at the forefront in rolling out a new, and greatly improved, process to help clients understand better how they will actually exchange data with BMO, to get to UAT approval faster.
This webinar will provide an overview of the process for setting up file-based payments with a bank. BMO will talk about the initiatives that drive clients to revamp their payments processes, and how clients tackle the changes by working together with the bank. BMO will explain the challenges that their clients face and will present on how to accelerate the technical enablement phase. BMO leverages the XMLdation solution to deliver self-service test tools that provide automated, actionable, real-time feedback, and allow clients to test efficiently in their own time and according to their own project schedule.
Kate Risch Choi
Senior Product Manager
BMO Financial Group
Head of Services
Senior Payments Analyst, API Network and Directory Services
Payments Canada is now offering an optional online Payments File Validation Service to financial institutions in Canada. The service, which is powered by XMLdation, supports the industry-wide migration to the global payment messaging standard ISO 20022.
Banking products and services in Canada are provided by Bank of Montreal, a member of CFIC. Banking products and services are provided in the U.S. by BMO Harris Bank N.A. Member FDIC and are subject to bank and credit approval.