Borica Announces Network Alliance with Discover
June 07 2019 - 10:10AM
Business Wire
Borica AD, owner of Bulgaria’s national payment scheme Bcard and
Discover Financial Services, a leading direct bank and payments
services company announced that they have signed a strategic
agreement that will allow acceptance of Bcard’s Global Cards
outside of Bulgaria on the Discover Global Network.
To help provide safer international transactions, Bcard and
Discover will collaborate on the integration of Discover’s EMV®
contact, contactless and mobile solutions, D-PAS for international
usage. Bcard will also provide their member banks with a solution
to support the acceptance of Bcard’s Global Cards outside of
Bulgaria on the Discover Global Network.
“Discover has become a nimble and flexible partner to
organizations around the world by providing them the tools and
resources to grow and increase acceptance,” said Joe Hurley, senior
vice president and head of global business development at Discover.
“This agreement with Bcard complements Discover’s strategy of
creating worldwide alliances that provide consumers with more
choice when it comes to how and where they pay.”
“The investment in innovation and the development of solutions
as extending acceptance outside the territory of Bulgaria for our
customers has always been among Bcard’s priorities,” said Mrs.
Stoilka Arsova, director of Bulgarian national scheme Bcard.
“Bulgaria has accumulated knowledge, experience and technology and
achieved world-class standards in terms of financial technology and
security and this strategic alliance with Discover reinforces
Bcard's continuous efforts to diversify its card-payment services
for our banks and promote Bulgaria's card-payment market
development. Based on this strategic alliance, Bcard will provide
their member banks with an effective competitive domestic platform,
range of products and the opportunity to use innovative payment
products.”
Discover Global Network has more than 44 million merchant
acceptance locations and 2 million ATM and cash access locations
across more than 190 countries and territories. Discover Global
Network includes Discover, Diners Club International, PULSE and
affiliated networks. It also includes network relationships with
partners around the globe in Brazil, China, India, Japan, the
Middle East, Nigeria, Puerto Rico, Serbia, South Korea, Vietnam,
Taiwan, Mexico and throughout Europe.
About Bcard
Bcard National Card Scheme of Borica AD has been in operation
since 2016 and functions separately and independently from the card
payment processor of Borica.
All payment service providers in Bulgaria are members of the
Bcard scheme. Bcard, as a Bulgarian national payment card, is
accepted at all possible locations (ATM/POS) in Bulgaria. The main
mission of the scheme is migration of cash and paper to digital
channels through development of new electronic services in the
public and private sectors in Bulgaria. Positioning the wide range
of scheme products through new local business and price models is
expected to have a positive impact on the economy of the country
and to change radically the payment methods in Bulgaria.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190607005310/en/
Media Contacts:Elena ToshevaHead of Marketing and
CommunicationsBcardM: + 359 884 292 192E: ETosheva@borica.bg
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