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BMO Bank of Montreal has announced the launch of its Mobile PayPass tag, a new technology offered to BMO personal credit card customers to make purchases from their mobile phone by use of a sticker affixed to the device which will relay instant email verification of each transaction. If you don't meet these criteria, you will be liable for all charges incurred in connection with the unauthorized use. PayPass transactions have a very limited range requiring the card to be waved or tapped close to the reader for increased security. Corporate Finance.
