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TMCNet:  Nationwide Building Society to offer by Visa for online purchases

[February 21, 2013]

Nationwide Building Society to offer by Visa for online purchases

Feb 21, 2013 (Datamonitor via COMTEX) -- Visa Europe has confirmed that Nationwide Building Society is preparing to offer the by Visa digital wallet in 2013.

Due for a UK-wide rollout in 2013, an initial trial for the by Visa service is currently underway with UK launch partner RBS. by Visa allows consumers to online payments through the internet browser on a PC, laptop, tablet, or smart phone. Full customer card details are not passed on to the retailer, helping encourage consumers to shop more online.

The by Visa service will continue to evolve post-launch to incorporate other Visa payment technologies, including contactless transactions at the point of sale and person-to-person payments.

Chris Rhodes, Executive Director of Group Retail at Nationwide, said: "Nationwide is pleased to be working with Visa on the launch of the by Visa digital wallet. An increasing number of our members are using their credit and debit cards when making purchases online. by Visa will allow our customers to take advantage of a simplified checkout process that will not only speed up the time it takes to pay for their goods, but will provide them with a high level of security." Mariano Dima, Executive vice president of Product and Marketing Solutions at Visa Europe, added: "This is a fantastic milestone for by Visa and we are delighted to be working with Nationwide to offer the by Visa service to its customers across the UK." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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