Visa announced V.me today, a PayPal-like online payments system, along with a new developer center encouraging developers to actually use it.

Visa and the credit card are almost synonymous. But since the inception of e-commerce, payments don’t just fall into the credit card swipe, written check, or passed cash forms anymore. Now there’s the virtual credit card swipe, direct extraction from bank accounts and even a move toward organized bartering on sites such as Yardsellr and TradePal. PayPal, an online payments system own by e-commerce company eBay, made a significant ripple in safe online transactions, and it looks like Visa wants in on the game.

V.me allows people who have signed up, to enter their credit card information and store it with Visa. Consumers and business users alike can then surf and buy on the internet without having to enter a 12-digit credit card number at checkout. The service is not Visa-exclusive, though. You can enter any major credit card information onto V.me and use it from a computer, mobile device.

To Read Full Article by Meghan Kelly, visit V.me on VentureBeat.