“The second annual research study by 451 Research, a part of S&P Global Market Intelligence, and commissioned by Discover® Global Network identifies emerging trends shaping the fintech ecosystem, including connected commerce, open banking, embedded finance and real-time payments. According to this year’s Fintech State of the Union, 78% of fintechs said that open banking technology is “relevant” to their business. This is likely because of the positive consumer sentiment that fintech institutions are experiencing with regard to open banking technology. In fact, the research from Discover and 451 revealed that 68% of consumers like open banking because it results in faster credit approvals. The study also revealed that over 6 in 10 fintechs (63%) show a strong interest in partnering with a payment network to develop open banking solutions.”

“The second annual research study by 451 Research, a part of S&P Global Market Intelligence, and commissioned by Discover® Global Network identifies emerging trends shaping the fintech ecosystem, including connected commerce, open banking, embedded finance and real-time payments. According to this year’s Fintech State of the Union, 78% of fintechs said that open banking technology is “relevant” to their business. This is likely because of the positive consumer sentiment that fintech institutions are experiencing with regard to open banking technology. In fact, the research from Discover and 451 revealed that 68% of consumers like open banking because it results in faster credit approvals. The study also revealed that over 6 in 10 fintechs (63%) show a strong interest in partnering with a payment network to develop open banking solutions.”

“Discover today announced the launch of Online Privacy Protection, a new, free benefit for customers that helps remove their personal information from 10 popular websites that collect and sell user information. This benefit is for both Credit Card and Bank customers and only available in the Discover mobile app.”

“areeba and Discover signed a strategic agreement that increases the global acceptance footprint for both organizations. The agreement gives Discover, Diners Club International, PULSE and Network Alliance cardholders the ability to use their cards on the areeba network, which includes Point-of-Sale (POS) and e-commerce platforms across Lebanon.”

“New research from RBR shows that Discover remained the most widely accepted card scheme worldwide at the end of 2018. RBR’s Global Payment Cards Data and Forecasts to 2024 shows that Discover cards can be used at 55.9 million merchant outlets, 79% of the global total. Discover benefits from reciprocal network-to-network agreements with UnionPay, JCB and BC Card, providing acceptance for Discover at all outlets in China, Japan and South Korea – it is worth noting that if China is excluded, Discover is accepted at only 68% of the world’s outlets. These agreements also mean that UnionPay and JCB are second and third respectively in terms of acceptance, as they can be used at a large number of US outlets in addition to their home markets”

“Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally. This will expand Verve’s existing suite of tailored payment products and solutions for its customers.”

“Borica AD, the owner of Bcard, the national payment system in Bulgaria, announced an agreement with Discover Financial Services to provide acceptance of the card outside of the country using Discover’s global payment network. Bcard will collaborate with the payment network to develop integration of Discover’s EMV contact, contactless and mobile solutions as well as D-PAS for international payment, according to a company release.”

“Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, has partnered with Discover Global Network, the payments brand of Discover, allowing Geoswift’s merchants to accept more methods of payment than ever before. Geoswift merchants will now have the ability to accept Discover, Diners Club International and affiliate network card payments.”

“The agreement with Sage Pay gives Discover Global Network cardholders, which includes Discover, Diners Club and affiliate network cardholders, more options to pay for purchases whether it’s in-store or online. Merchants will now be able to provide additional payment options and reach a wider base of customers.”

“Accepting these payment methods allows Barclaycard’s merchants to process transactions from the customers of Discover Global Network’s more than 10 network alliance partners and 55 countries where Diners Club cards are issued. Cardholders are now able to pay at over 110,000 of Barclaycard’s UK merchants both in-store and online, with thousands more merchants set to start accepting Discover Global Network cards over the course of the year.”

“3C Payment is a leading multi-channel payment service provider that works with merchants in hospitality, quick service restaurant and retail industries among others. These merchant industries are a focus for Discover and partner cardholders who travel throughout Europe and Middle East. Discover Global Network has over 44 million merchant acceptance locations and 2 million ATM and cash access locations across 190 countries and territories, and includes Discover, Diners Club International, PULSE and affiliated networks.”

“PXP, a global provider of omni-channel payment gateway solutions, and Diners Club International, a business unit of Discover Financial Services and part of the Discover Global Network have announced an agreement that will expand Discover card acceptance globally.”

“Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded longtime CEO David Nelms, who remains as Discover’s executive chairman until early next year. Hochschild held his first conference call as CEO Thursday afternoon to review Discover’s third-quarter results with analysts.”

“Discover announces the launch of a new and innovative rewards program for its Cashback Checking product where customers can earn cash back for making everyday debit card purchases. Discover Cashback Checking® customers now earn 1 percent cash back on up to $3,000 in qualifying debit card purchases each month.”

“Last year was a year of revival for Discover Financial Services’ long-suffering Pulse debit network, which posted a 19% fourth-quarter increase in year-over-year dollar volume on 15% more transactions. The strong finish—$42.4 billion in volume on 1.03 billion transactions—brought Pulse’s full-year volume to $157.1 billion, up 14% from $138 billion in 2016. The transaction count hit 3.86 billion, a 12% increase from 2016’s 3.46 billion.”