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

About BBVA Group
BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico, and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading eurozone banks in terms of return on equity and efficiency. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.

About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates more than 709 branches, including 368 in Texas, 93 in Alabama, 79 in Arizona, 65 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading Small Business Administration lenders and ranked third in American Banker's 2012 reputation study of the leading 30 banks in the U.S. Additional information about BBVA Compass can be found at www.bbvacompass.com.

Editor's Note:
BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC.

SOURCE BBVA Compass