26 June 2017
Visit cib.db.com

RBS becomes first UK bank to back Visa V.me wallet

28 November 2012  |  13110 views  |  0 typing email on tablet

The Royal Bank of Scotland has become the UK's first financial institution to begin trialling Visa's V.me digital wallet.

V.me lets registered users make secure online payments to participating merchants with just a username and password, removing the hassle of having to enter card account number, bill-to and ship-to information for every transaction.

The technology is already being piloted by RBS and its Natwest unit ahead of a full roll-out in the spring, making V.me available to customers of both brands.

Steve Rubenstein, director, everyday banking, RBS, says: "We believe that a proposition which reduces the effort of buying things online, while also improving security, for our customers is exactly the sort of thing we want to deliver. V.me clearly delivers this and we look forward to offering it to our customers in 2013."

Mariano Dima, EVP, product and marketing Solutions, Visa Europe, adds: "Visa is committed to making online payments even easier and more secure, and our partners such as RBS are helping us make this vision a reality. It is our intention to make the V.me brand as trusted and well known for digital payments as the Visa brand is on the high street today."

Dima says that while RBS is the first British bank onboard, feedback from others has been "extremely positive" and several new partners are set to commit in the next few months. The company has also signed up more than 50 institutions in the US as well as Spain's BBVA.
KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa signs 50 US financial institutions to digital wallet

Visa signs 50 US financial institutions to digital wallet

13 November 2012  |  9434 views  |  0 comments | 32 tweets | 10 linkedin
Visa signs BBVA to V.me wallet

Visa signs BBVA to V.me wallet

25 October 2012  |  14044 views  |  0 comments | 11 tweets | 6 linkedin
RBS preps £80 million IT overhaul - Telegraph

RBS preps £80 million IT overhaul - Telegraph

22 October 2012  |  9752 views  |  2 comments | 11 tweets | 2 linkedin
PNC Bank to issue Visa virtual wallet

PNC Bank to issue Visa virtual wallet

15 October 2012  |  7566 views  |  0 comments
RBS and NatWest begin iPhone NFC case trial

RBS and NatWest begin iPhone NFC case trial

02 October 2012  |  11151 views  |  4 comments
In wake of RBS meltdown, MPs warn banks on IT systems

In wake of RBS meltdown, MPs warn banks on IT systems

04 September 2012  |  8891 views  |  3 comments
RBS adds ATM cash dispensing to mobile banking app

RBS adds ATM cash dispensing to mobile banking app

13 June 2012  |  15319 views  |  7 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.response.ncr.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
10019 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9415 views comments | 20 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
9138 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8485 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7733 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job