BBVA Compass and Visa team up to simplify online purchases
- Visa's digital wallet service brings innovative edge to the bank's online
- New digital wallet service gives banking customers a simple, secure way to
BIRMINGHAM, Ala., Nov. 15, 2012
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
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
"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
The service helps customers manage their online purchases through a single,
secure account, which is protected by layers of security within Visa's
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
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.
BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC.
SOURCE BBVA Compass
Contact: Ralph Evans, Corporate Communications, +1-205-297-3038,
Press spacebar to pause and continue. Press esc to stop.