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Bank of America to offer Visa’s V.me digital wallet service

Bank of America (BofA) has inked an agreement to offer Visa’s digital wallet service, known as V.me, and is currently piloting it to its online banking customers.

The new service has been designed to offer users with a simple and secure online payments capability without repeatedly entering card account number, bill-to and ship-to information, claims Visa.

Bank of America online and mobile solutions executive David Godsman said that the digital wallet offers simplified and secure checkout process when shopping online without sharing their financial information.

Using online banking, BofA customers can enroll in Visa’s V.me service and can check out with few clicks, thus eliminating the need to enter card, billing and shipping information for each purchase.

The service will work on websites of participating merchants, according to the lender.

Global payments technology company Visa connects consumers, businesses, financial institutions, and governments in over 200 nations and territories to fast, secure and reliable digital currency.

BofA serves nearly 55 million consumer and small business relationships with almost 5,500 retail banking offices and about 16,300 ATMs and also has 30 million online banking active users.