PNC to offer Visa digital wallet service

PNC Bank is making V.me from Visa available to more than 1.2 million of its Virtual Wallet customer accounts. It is the first US bank to integrate with Visa's new digital wallet service.

The bank has also made a commitment to make the technology available to more than 6.3 million accounts in 2013. In addition to PNC Visa cards, consumers will also be able to enroll their other US issued payment cards through the V.me site and make online purchases at participating merchants by entering a username and password.

"Consumers are shifting to a digital economy, and we believe the emergence of simple, secure payment technology will play a key role in helping customers manage their money," says Tom Kunz, senior vice president and head of e-business and payments at PNC. "We continue to use innovative technology to give our customers convenient access to their money when and where they want."

"The next generation of payments will be simple and easy to use, not constrained by the need to enter sensitive account information for every transaction," comments Jennifer Schulz, global head of e-commerce, Visa. "We're excited to see V.me recognised as a leading digital wallet service through this agreement with PNC Bank. This joint innovation effort is an important step in delivering the best way to pay and be paid, by creating a more convenient e-commerce experience for the millions of PNC account holders shopping at top online retailers this holiday season."

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