Bank of America Makes Online Payments Seamless With Visa Checkout

Streamlines Access and Simplifies Enrollment Through Bank of America’s Online Banking  

Wednesday, March 30, 2016 9:00 am EDT
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In the latest step at simplifying consumer payments, Bank of America announced today that it will pre-select customers’ eligible Visa cards for enrollment in Visa Checkout directly from Online Banking. Bank of America is one of the first banks to integrate its cards into Visa Checkout and provide seamless enrollment directly from its site, eliminating added steps and making it easier than ever for customers to shop online, on any device.

Visa Checkout offers a single sign-in service and a faster and easier way to pay online. Once enrolled, customers shopping at participating merchants simply click the Visa Checkout button and pay, eliminating the need to enter card and shipping information every time they make a purchase. Now, rather than being directed to Visa, Bank of America customers can enroll directly through the bank’s Online Banking.

Customers using Visa Checkout can choose to enroll multiple credit and debit cards and then can choose the enrolled card they want to use for fast and secure online shopping. Their eligible Visa card details and shipping information will then be automatically populated at checkout.

"This is part of our broader payments strategy to deliver solutions that make financial transactions simple, fast and secure and to provide customers with convenient options,” said David Godsman, emerging payments executive at Bank of America. “Consumers are increasingly shopping online, and with the new simplified enrollment for Visa Checkout, they now can spend less time signing up and more time enjoying the benefits of one-click shopping.”

"By working together, Visa and Bank of America are bringing seamless and secure commerce to millions of online and mobile shoppers,” said Sam Shrauger, senior vice president of Visa’s Digital Solutions. “Bank of America customers can easily sign up to start using the cards they know and trust across any device or browser, as easily as they do in the physical world.”

In addition to services like Visa Checkout, Bank of America participates in a number of mobile wallet programs that give consumers a convenient way to pay, including Apple Pay, Samsung Pay and Android Pay from Google. Earlier this month, Bank of America was one of the first banks to launch real-time person-to-person transactions through Early Warning’s clearXchange™ network.

For a full list of participating merchants, and to learn more about Visa Checkout’s benefits for merchants, issuers and consumers alike, visit www.visacheckout.com.


Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,700 retail financial centers, approximately 16,000 ATMs, and award-winning online banking with approximately 32 million active users and approximately 19 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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www.bankofamerica.com

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Reporters May Contact:
Betty Riess, Bank of America, 1.415.913.4416
betty.riess@bankofamerica.com