June 03, 2013
HOUSTON, June 3, 2013 /PRNewswire/ -- BBVA Compass today expanded its iPhone app with Picture Bill Pay, allowing customers to pay bills and add payees by taking pictures of their paper bills with their iPhones.
"We wanted our app to be as robust as possible since nearly 35 percent of those who take advantage of mobile banking manage their finances exclusively through their apps," said Alejandro Carriles, director of self-service channels at BBVA Compass. "Innovative and fun features like this allow us to improve and simplify those customers' experiences."
Picture Bill Pay captures the payee and payment details from the paper bill and automatically populates those fields in the BBVA Compass bill pay service for customer verification and scheduling. The new feature eliminates the need to manually type information to add payees and also cuts back on the likelihood of making a mistake when entering the details, Carriles said.
BBVA Compass is one of the first banks to offer picture bill pay capabilities using Mitek System's Mobile Photo Bill Pay. Carriles said it adds to the bank's suite of services for customers who want to manage their finances in whatever way and wherever they prefer, and he expects it to help attract more.
"Say someone wants to switch to BBVA Compass but they're reluctant to make the move because they don't want to reenter their bill payment or payee details," said Carriles. "This new feature takes the hassle out of switching to us."
The bank's mobile banking app, introduced in 2009 and available across mobile platforms, allows customers to retrieve balances, review transactions, transfer funds, deposit checks and manage bill payments. The free app also offers bilingual banking options.
BBVA Compass expects to introduce Picture Bill Pay on the Android platform later this summer.
For more information on additional BBVA Compass mobile banking apps, visit http://www.bbvacompass.com/mobile-banking.
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 best practices. 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 708 branches, including 367 in Texas, 93 in Alabama, 79 in Arizona, 65 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 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 has been recognized as one of the leading Small Business Administration lenders and ranked third in American Banker's 2012 reputation study of the leading 30 banks in the U.S. Additional information about BBVA Compass can be found at www.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank.
SOURCE BBVA Compass
For further information: Ralph Evans, Corporate Communications, +1-205-297-3038, Ralph.Evans@bbvacompass.com