Visa Adds Overstock.com, Its Biggest Retail Catch Yet, To Its V.me Digital Wallet

Visa today is announcing a key development in its bid to build a ubiquitous digital wallet service to compete against the likes of PayPal. It has signed on Overstock.com as the lastest retailer to use V.me. That service now has 35 online merchants signed up, but Overstock, which makes some $1 billion in online sales annually across categories like furniture, rugs, bedding, electronics, jewelry and cars, and is in the top-five e-commerce sites in the U.S., is by far the biggest. Jennifer Schulz, global head of e-commerce for Visa, tells TechCrunch that there are another 132 online merchants due to go live in the coming weeks.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/QDZqNOz_6hs/

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