Discover and PayPal Partner to Deliver New Digital Payment Experiences
January 11 2017 - 1:20PM
Business Wire
New Deal Allows Discover Cardmembers to Use
Cashback Bonus at Checkout
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.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America’s cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation’s leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discover.com/company.
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Discover Financial ServicesRob Weiss, 224-405-6304Public
Relationsrobertweiss@discover.com
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