Overstock.com Joins Roster Of 35 ECommerce Merchants That Accept V.me By Visa

Visa Inc. (NYSE: V) today announced that Overstock.com, Inc. (NASDAQ: OSTK) is the latest top eCommerce merchant to accept V.me by Visa payments. The discount retailer added V.me as a streamlined checkout option, making it simple to enroll in the digital wallet service and checkout using only a username and password.

Overstock.com joins other leading online merchants 1-800-FLOWERS.COM, LivingSocial, Newegg.com and 31 more since V.me’s launch. With annual online sales of more than one billion dollars, Overstock.com is among the top five most-visited mass merchandiser websites, selling a broad range of products including furniture, rugs, bedding, electronics, jewelry and cars.

“Overstock.com is a prime example of a top online merchant understanding the importance of a simple and secure checkout experience,” said Jennifer Schulz (@Jen_Schulz), global head of eCommerce, Visa Inc. “Delivering V.me to Overstock.com visitors means eliminating the time and hassle at checkout, time we’d all much rather spend shopping for great Overstock.com deals.”

Visa continues to make next-generation commerce a reality with V.me, partnering with 64 financial institutions including 13 of the top 25 U.S. banks. The free V.me wallet service is designed to simplify the eCommerce experience for merchants and consumers alike, whether shopping from a PC, laptop, or mobile device.

“V.me adds yet another quick, simple and safe method to purchase on Overstock.com,” said Dave Nielsen, co-president, Overstock.com. “Visa is a trusted and reliable brand that reinforces our commitment to our customers.”

To access V.me video, images and other editorial materials, please visit: www.corporate.visa.com

About Visa Inc.

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 24,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit corporate.visa.com.

About Overstock.com

Overstock.com (NASDAQ: OSTK) is an online discount retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, jewelry, and cars.  Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world offers additional unique items.  Main Street Revolution supports small businesses across the United States by providing them a national customer base. A recent Nielsen State of the Media: Consumer Usage Report placed Overstock.com among the top five most visited mass merchandiser websites. The NRF Foundation/American Express Customer Choice Awards ranks Overstock.com #4 in customer service among all U.S. retailers. Overstock.com sells internationally under the name O.co. Overstock.com ( http://www.overstock.com and  http://www.o.co) regularly posts information about the company and other related matters under  Investor Relations on its website.

Copyright Business Wire 2010

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