Overstock.com Joins Roster of 35 eCommerce Merchants that Accept V.me by Visa

  Overstock.com Joins Roster of 35 eCommerce Merchants that Accept V.me by
  Visa

Tweet this: Shopping for a table, t-shirt, or toothbrush and need to checkout
fast? V.me and Overstock.com have you covered #eCommerce #shopping

Business Wire

FOSTER CITY, Calif. -- March 20, 2013

Visa Inc. (NYSE: V) today announced that Overstock.com, Inc. (NASDAQ: OSTK) is
the latest top eCommerce merchant to accept V.me by Visa payments. The
discount retailer added V.me as a streamlined checkout option, making it
simple to enroll in the digital wallet service and checkout using only a
username and password.

Overstock.com joins other leading online merchants 1-800-FLOWERS.COM,
LivingSocial, Newegg.com and 31 more since V.me’s launch. With annual online
sales of more than one billion dollars, Overstock.com is among the top five
most-visited mass merchandiser websites, selling a broad range of products
including furniture, rugs, bedding, electronics, jewelry and cars.

“Overstock.com is a prime example of a top online merchant understanding the
importance of a simple and secure checkout experience,” said Jennifer Schulz
(@Jen_Schulz), global head of eCommerce, Visa Inc. “Delivering V.me to
Overstock.com visitors means eliminating the time and hassle at checkout, time
we’d all much rather spend shopping for great Overstock.com deals.”

Visa continues to make next-generation commerce a reality with V.me,
partnering with 64 financial institutions including 13 of the top 25 U.S.
banks. The free V.me wallet service is designed to simplify the eCommerce
experience for merchants and consumers alike, whether shopping from a PC,
laptop, or mobile device.

“V.me adds yet another quick, simple and safe method to purchase on
Overstock.com,” said Dave Nielsen, co-president, Overstock.com. “Visa is a
trusted and reliable brand that reinforces our commitment to our customers.”

To access V.me video, images and other editorial materials, please visit:
www.corporate.visa.com

About Visa Inc.

Visa is a global payments technology company that connects consumers,
businesses, financial institutions, and governments in more than 200 countries
and territories to fast, secure and reliable electronic payments. We operate
one of the world’s most advanced processing networks—VisaNet—that is capable
of handling more than 24,000 transaction messages a second, with fraud
protection for consumers and assured payment for merchants. Visa is not a bank
and does not issue cards, extend credit or set rates and fees for
consumers.Visa’s innovations, however, enable its financial institution
customers to offer consumers more choices: pay now with debit, ahead of time
with prepaid or later with credit products. For more information, visit
corporate.visa.com.

About Overstock.com

Overstock.com(NASDAQ: OSTK) is an online discount retailer based inSalt Lake
City, Utahthat sells a broad range of products including furniture, rugs,
bedding, electronics, clothing, jewelry, and cars.Worldstock.com, a fair
trade department dedicated to selling artisan-crafted products from around the
world offers additional unique items.Main Street Revolutionsupports small
businesses acrossthe United Statesby providing them a national customer
base.A recentNielsen Stateof the Media: Consumer Usage Report
placedOverstock.comamong the top five most visited mass merchandiser
websites.The NRF Foundation/American Express Customer Choice Awards
ranksOverstock.com#4 in customer service among all U.S.
retailers.Overstock.comsells internationally under the name O.co.
Overstock.com(http://www.overstock.comandhttp://www.o.co) regularly posts
information about the company and other related matters underInvestor
Relationson its website.

Contact:

Visa Inc.
Lee Mokri, 650-432-2990
globalmedia@visa.com
or
Overstock.com, Inc.
Kirstie Burden, 801-947-3116
kirstie@overstock.com
 
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