12 December 2017
visit www.avoka.com

Paypal and Discover forge reciprocal ties

11 January 2017  |  3142 views  |  0 Source: Paypal

Discover Financial Services (DFS) and PayPal have signed an agreement making PayPal more widely available to Discover cardmembers, acquirers and merchants.

The agreement provides PayPal with access to Discover’s tokenization services, expanding PayPal’s reach at the point of sale, which will enable U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover.

As part of the agreement, Discover and PayPal plan to enable PayPal customers with eligible Discover cards to use their Cashback Bonus® to pay for purchases at the millions of online and mobile merchants that accept PayPal. After enablement, Discover cardmembers will be able to view and use their available Cashback Bonus while using PayPal to pay for all or part of a purchase.

“Discover is focused on making the payments experience seamless and secure for both cardmembers and our merchant partners,” said Diane Offereins, President of Payment Services at Discover. “This agreement with PayPal helps expand consumer payment choices by providing additional ways to transact, and builds on the growing adoption of digital payments.”

“The agreement with Discover leverages each company’s core assets, will add value to everyday spending, and deliver great customer experiences,” said Bill Ready, Chief Operating Officer, PayPal. “Discover has been a long-term strategic partner for PayPal, and we expect that collaborative relationship to continue as we work to offer our joint customers more choice and increased value online, in app and in store.

Discover cards will be presented as a clear payment option within the PayPal wallet, making Discover easily identifiable to cardmembers when paying.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.aciworldwide.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18665 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11581 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8107 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6867 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6242 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job