28 July 2016
Find out more

BofA pilots Visa V.me

28 November 2012  |  1839 views  |  0 Source: Visa

Visa Inc. (NYSE:V) announced today that Bank of America (BAC) has agreed to offer Visa's digital wallet service called V.me and has begun piloting it to its online banking customers.

This service gives customers the ability to make simple and secure online payments without the hassle of constantly entering card account number, bill-to and ship-to information.

"We look at everything through the lens of the customer and continue to prioritize security, privacy, and fraud protection above all else," said David Godsman, Online and Mobile Solutions executive, Bank of America. "We believe our customers shouldn't have to forgo security for convenience when using a digital wallet. V.me offers customers a greatly simplified and secure checkout process when shopping online without sharing their financial information."

Bank of America customers can enroll in Visa's V.me service through online banking. Once enrolled, customers can shop with comfort knowing they are protected by layers of security within Visa's industry leading network. Customers will also be able to check out with a few clicks, eliminating the need to enter card, billing and shipping information for each purchase. The service will work on websites of participating merchants.

"Visa is committed to delivering a new dimension of convenience and security, one where consumers are no longer required to share personal information at checkout," said Jennifer Schulz (@Jen_Schulz), Global Head of eCommerce, Visa Inc. "We believe that Bank of America's decision to offer V.me to its vast customer base will accelerate merchant adoption and make this digital wallet even more valuable to consumers. In the end, the most successful payment platforms will be the ones with the greatest focus on security and the most benefit to consumers and merchants." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit VocaLink.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9517 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9502 views 14 comments | 33 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
8377 views comments | 19 tweets | 25 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6481 views comments | 15 tweets | 19 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
6071 views 0 | 12 tweets | 3 linkedin

Featured job

Find your next job