Big Boost for Visa’s Digital Wallet

November 29, 2012, Written By Bill Hardekopf
Big Boost for Visa’s Digital Wallet

Visa’s digital wallet product,, grew significantly yesterday with the addition of two major banking partners.

Bank of America, with an estimated 30 million online customers, and the Royal Bank of Scotland have both agreed to offer

Earlier this month, Visa announced that was being offered by more than 50 financial institutions, including PNC, U.S. Bank, BBVA/Compass and BB&T.

A digital wallet simplifies the online shopping experience by automatically entering an enrolled customer’s credit card number as well as the bill-to and ship-to address information. This decreases shopping cart abandonment.

Two dozen retailers now offer as a payment option at check out, including, Living Social, 1-800-flowers and works on a smartphone, PC or tablet.

Visa’s digital wallet service is “open”, meaning that it works with not only with Visa but also with MasterCard, Discover and American Express. competes with MasterCard’s PayPass, American Express’ Serve, Google Wallet and PayPal.

The information contained within this article was accurate as of November 29, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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