Bank Deposit From Iphone

BBVA Compass adds picture bill pay capabilities to its iPhone mobile banking app.

– Innovation in mobile banking

– New mobile feature makes paying bills easy and fun

– Updated app allows customers to manage all aspects of bill pay
anywhere, at any time

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
 n. the one named on a check or promissory note to receive payment.


PAYEE. The person in whose favor a bill of exchange is made payable.
 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
 also re-en·ter  
v. re·en·tered, re·en·ter·ing, re·en·ters

v.tr.
1. To enter or come in to again.

2. To record again on a list or ledger.

v.intr.
 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.

Editor’s Note: BBVA Compass is a trade name of Compass Bank.

SOURCE BBVA Compass