Phos by Ingenico, the global leader in software point-of-sale (SoftPoS) orchestration for businesses, has partnered with Discover Global Network to enable its merchants to accept payments from Discover, Diners Club International and network alliance Cardholders worldwide.
Discover Global Network is the fastest-growing global payments network1 with more than 305 million cardholders2, accepted across 70 million merchant acceptance points and millions of micro-merchants. It includes Discover Network, Diners Club International, PULSE® and more than 25 alliance partner networks across the globe.
The collaboration aims to expand global adoption of Tap on Mobile technology through Phos’ innovative SoftPoS solution. By leveraging the extensive reach of Discover Global Network, Phos is committed to delivering smooth, fast, and secure transactions for Tap on Mobile users which will also include enablement of the Discover Global Network sensory brand. This implementation features an audio mnemonic and animation to further support consumer confidence upon approval of a Discover Global Network transaction.
Tap on Mobile eliminates the need for expensive hardware and simplifies payment processes by enabling customers to accept card payments in a secure and contactless fashion on any NFC-enabled device - such as a smartphone or tablet.
This means merchants can make use of the hardware they already own rather than having to invest in costly additional hardware i.e., traditional chip and pin machines and rapidly expand their number of payment acceptance points.
The partnership offers even greater flexibility to merchants, expanding acceptance into new market segments and generating incremental revenue for businesses while improving the overall cardholder experience.
In today's evolving payment landscape, merchants, especially MSMEs in emerging markets, face significant cost and integration challenges. Additionally, enterprise merchants often encounter isolated hardware-based acceptance methods that result in inconvenient payment experiences for customers and overly complex processes for businesses.
Through its partnership with Discover Global Network, Phos aims to help merchants make their payment operations more efficient by addressing these pain points through their existing hardware.
Matt Sloan, VP, International Markets at Discover, said: “Discover Global Network is recognised as the fastest-growing global payments network1. With our vast cardholder base and widespread acceptance, this is an invaluable partnership that will enable Phos merchants worldwide to deliver more choice and flexibility to their customers and our cardholders at the point of sale. As consumer financial behaviours shift toward ever-more contactless methods, our partnership with Phos is part of our continued commitment to providing our customers with greater convenience and more ways to pay.”
Brad Hyett, CEO of Phos by Ingenico, added: “Our partnership with Discover Global Network is the latest step in our mission to revolutionise payment acceptance for merchants worldwide. The extensive reach of Discover Global Network and commitment to providing innovative payment solutions align perfectly with our vision. By working together, we can offer our merchants an effortless and cost-effective payment experience, regardless of their location or size. It highlights our unique offering being both phone and bank agnostic.”
Phos currently has 23 certified acquirer connections, as the fintech continues to expand globally. It plans to increase this number exponentially to satisfy the needs of tier-one providers and requirements across international markets. Additional acquiring certifications are currently in progress and will be announced this year.
Its latest partnership with Discover® Global Network comes amid growing market interest in SoftPoS and Tap to Pay technology. Phos has recently been acquired by Ingenico, the global leader in payment acceptance solutions.