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BBVA Compass and Visa team up to simplify online purchases
Nov 15, 2012 (03:11 PM EST)
- Visa's digital wallet service brings innovative edge to the bank's online banking platform
- New digital wallet service gives banking customers a simple, secure way to shop online
BIRMINGHAM, Ala., Nov. 15, 2012 /PRNewswire/ -- BBVA Compass and Visa Inc. (NYSE: V) today announced a joint effort with V.me — Visa's digital wallet service — giving the bank's customers a simpler way to pay for purchases online.
The announcement gives BBVA Compass customers the opportunity to enroll their existing Visa and other payment card accounts in V.me. The service allows users to make online purchases with their BBVA Compass cards at a growing number of participating eCommerce retailers — using just their V.me username and password. Since there's no need for customers to enter their bill-to and ship-to information, it's even easier for them to shop on their mobile devices or smartphones.
"We're committed to finding ways to innovate across all of the bank's platforms — particularly across the digital space — and the V.me service gives our banking customers a swift and secure approach to help streamline the online payment process," said BBVA Compass Head of Consumer Segments Jon Mulkin.
The service helps customers manage their online purchases through a single, secure account, which is protected by layers of security within Visa's industry-leading network.
BBVA Compass is one of a handful of U.S. banks to offer the new service.
This announcement follows an earlier announcement by Visa Europe and BBVA, the parent of BBVA Compass, to be the first financial institution to offer a V.me digital wallet service in Spain. A trial for the product is beginning this year, with a rollout in 2013.
To learn more about Visa's digital wallet service, V.me, visit: www.V.me
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