BMO is First Canadian Financial Institution to Launch True Name™ by Mastercard

BMO to offer transgender and non-binary customers the ability to use their preferred name on consumer, small business credit cards Today, BMO Financial Group became the first financial institution in Canada to implement the True Name™ feature by Mastercard, enabling transgender and non-binary individuals to use their chosen name across all BMO consumer and small business credit cards without the requirement of a legal name change. Mastercard developed True Name in 2019 in response to the need for banking cards to reflect the true identities of many in the transgender and non-binary communities. BMO's U.S. subsidiary, BMO Harris Bank, was the first financial institution globally to partner with Mastercard and issue the cards. Since then, True Name by Mastercard has been made available globally, with the BMO partnership announced today marking a first for Canada. According to recent Mastercard research, 90 per cent of individuals from the transgender community have had to use an...