New digital wallet gives BBVA Compass clients more tools to safeguard credit and debit cards
-- BBVA Wallet introduced in the U.S.
-- New service available free from the App Store and Google Play
-- Proprietary app allows bank to add features at own pace
HOUSTON, June 15, 2015 /PRNewswire/ -- BBVA Compass today launched its digital wallet, giving clients a convenient new way to monitor and safeguard their BBVA Compass credit and debit cards.
BBVA Wallet, available as an app for iPhone and Android devices, gives clients a real-time view of card transactions and the ability to temporarily or permanently deactivate lost or stolen credit cards. The service also allows the bank's credit card holders to set up transaction alerts and change their PINs.
BBVA Wallet is an extension of the bank's efforts to give clients greater control of their finances and to make banking faster and easier, said BBVA Compass Chief Digital Banking Officer Jeff Dennes.
"We continue to give our clients the ability to do things in a few taps that previously required a phone call or a visit to a branch," said Dennes. "This is just the beginning of our digital wallet service, too. It will serve as a foundation for giving our clients even greater control and convenience in the future."
BBVA Compass' parent company, BBVA, first launched BBVA Wallet in 2013 in Spain and has since built a following of more than 570,000 users. The service was introduced to clients in Chile and Mexico earlier this spring.
Dennes said BBVA Wallet was built in-house, allowing the bank to introduce enhancements to the service at its own pace.
"The service is homegrown and we own the code," said Dennes. "There's no waiting on a vendor to introduce functionality that is also being sold to our competitors. Our clients' needs will determine what we add to the service and when."
BBVA Wallet is available for download free from the App Store and Google Play.*
Initial BBVA Wallet functionality for BBVA Compass cardholders:
- Access individual credit and debit card transaction details
- Change the "nickname" assigned to a credit or debit card
- Activate a credit card
- Temporarily block credit card activity by turning card "on" or "off"
- Permanently block and reissue a credit card
- Change a credit card's PIN
- Generate credit card transaction alerts
Click here for more details on BBVA Wallet.
* App listed as "BBVA Wallet USA" in App Store and Google Play.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 672 branches, including 341 in Texas, 89 in Alabama, 77 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico, and commercial and private client offices throughout the U.S. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass earned the top ranking with customers in American Banker's 2014 annual reputation survey of the top 25 largest U.S. retail banks. It also has been recognized as one of the leading small business lenders by the Small Business Administration, and its mobile app recently earned the Mobile Banking Leader in Functionality Award for the second consecutive year from Javelin Strategy & Research. Additional information about BBVA Compass can be found at www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
Editor's Note:
BBVA Compass is a trade name of Compass Bank.
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SOURCE BBVA Compass
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