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September 14, 2018
On the wires
“Discover Financial Services, a leading direct bank and payments services company, and Promoción y Operación S.A. de C.V. (Prosa), a leading payment solutions provider and domestic payments network in Mexico, signed an agreement to form a strategic network alliance to expand Discover® Global Network acceptance in Mexico. Discover, Diners Club International®, PULSE and network affiliate cards will now be accepted on Prosa’s network in Mexico at both point-of-sale and ATM locations.”
August 8, 2018
On the wires
Discover Adds Freeze ItSM Feature, Auto Cash Back Redemption to Savings and New Debit Card Design to Discover Cashback Debit Accounts
“Discover is introducing more features and debuting a new debit card design for the Discover Cashback Debit product. Customers of Discover Cashback Debit, previously known as Discover Cashback Checking, will now be able to temporarily freeze their debit card, automatically transfer their earned cash back to their eligible savings account and pay using a stylish new card.”
August 3, 2018
On the web
The US-based Business Payments Directory Association (BPDA) has partnered with Discover Financial Services to develop a proof of concept (PoC) platform for its B2B directory built on blockchain technology. BPDA’s directory offers a searchable database of electronic payments information for business transactions. “Despite payments advancements, cheques are still the dominant form of payment for B2B payments,” says Lawrence Buettner, BDPA chairman. “Our B2B directory will not only provide access to this information, but support routing instructions, preferred payment methods, remittance details, [and] delivery preferences.” The directory will be structured as a network of credentialed service provider “sub-directories”, in which trusted and validated payee information will be stored.”
July 31, 2018
On the wires
“Discover Financial Services, a leading direct bank and payments services company, and National Credit Card Center of R.O.C. (NCCC), the domestic payment network in Taiwan, today signed an agreement to form a strategic network alliance and expand its existing acquiring relationship. Currently, Discover, Diners Club International, and network affiliate cards are accepted on the NCCC network in Taiwan. The new agreement will allow acceptance of NCCC Global Cards outside of Taiwan on the Discover Global Network.”
February 22, 2018
On the wires
“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.”
January 26, 2018
On the web
Digital Transactions News
“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.”
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