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HomeBankingBMO: Confirms Agreement to Acquire LoyaltyOne's AIR MILES Reward Program Business

BMO: Confirms Agreement to Acquire LoyaltyOne’s AIR MILES Reward Program Business

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BMO: Confirms Agreement to Acquire LoyaltyOne’s AIR MILES Reward Program Business

  • BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America
  • The AIR MILES Reward Program is Canada’s most recognized loyalty program, with millions of active collector accounts
  • Announced the signing of a purchase agreement to acquire LoyaltyOne’s AIR MILES Reward Program (AIR MILES) business
  • acquisition of AIR MILES would be a made-in-Canada opportunity to enable a reinvigoration of one of Canada’s largest loyalty programs
  • It  is well-positioned to strengthen and grow Canada’s most recognized loyalty program
  • AIR MILES is the only loyalty program of its kind to give collectors the flexibility and choice to earn Rewards Miles

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