Discover Financial Services
) joined hands with global card payment acquirer WordPay in the
U.S. The deal will provide the latter's customers with PayPal
In-Store Checkout at the brick-and-mortar locations of
participating merchants. The customers of WorldPay will be able
to accept Discover's Paypal at the point of sale by 2013
The deal entails WorldPay to utilize PayPal's card service and
provide an opportunity to the former to become one of the leading
U.S. businesses in terms of enabling customers with the new
PayPal mag-striped card. The card enhances the speed, safety and
ease of transactions processed through the already existing
digital modes of payment accessed by more than 50 million PayPal
WorldPay expects the partnership with Discover to boost its
clientele base as more business owners will now accept the new
card service that offers smooth and secure transactions. In
anticipation of more customers and their loyalty towards the
company, WorldPay expects far higher sales level.
Discover Financial and WordPay have worked together for a long
time now and appear satisfied with this fruitful association.
Discover is expected to expand its customer base through this
Discover engages in a number of partnerships and acquisitions
to strengthen and expand its operations. Earlier this month,
Discover Financial also allied with Birmingham-based Cadence Bank
to launch the new Cadence Bank Debit Card. Through this alliance,
Discover Debit will provide network support to the Cadence debit
card holders in the second quarter of the year.
Recently, Worldpay partnered with epay, a division of
Euronet Worldwide, Inc
) to provide an opportunity to retailers. They can now utilize
epay's new terminal with Streamline Technology for payments made
through credit and debit cards.
Discover Financial currently carries a Zacks Rank #3 (Hold).
American Express shares the same Zacks rank.
DISCOVER FIN SV (DFS): Free Stock Analysis
EURONET WORLDWD (EEFT): Free Stock Analysis
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