Discover Extends Merchant Acceptance in Spain Through Agreement with Redsys
June 13 2019 - 05:00AM
Business Wire
Redsys, the largest payments processor in Spain, and Discover
Global Network, the payments brand of Discover Financial Services,
announced that they have signed an agreement that will extend
merchant acceptance throughout Spain. The agreement enables
Discover to work with additional acquirers in the region in an
effort to increase acceptance for Discover, Diners Club
International, PULSE and affiliate network cards.
Redsys provides its high value services to acquirers that hold
approximately 90 percent of the market share in Spain with regards
to card processing and point of sale systems.
The new agreement makes it possible for Discover to connect with
more merchants in the country that are interested in accepting
Discover Global Network cards through Discover acquirer
relationships. Through Redsys, Discover has already signed
agreements with two primary acquirers in Spain and is exploring
additional relationships to increase acceptance even further.
“Thanks to our agreement with Redsys, we now are actively
working with two more acquirers in Spain to boost the acceptance of
Discover Global Network cards,” said Amy Parsons, senior vice
president of global acceptance at Discover. “Spain is a travel
destination of choice for many of our cardholders and we are
looking forward to providing them with more opportunities to use
their cards throughout the country.”
Redsys is a highly specialized technology and operational
provider in the payments industry for the most important financial
institutions in Spain (banks, credit and debit companies),
processing approximately 90 percent of the acquiring market share
in the region. Redsys also works close together with those clients
on international projects when they need the help of the main
payments processor of Spain.
The Discover Global Network includes Discover Network, Diners
Club International, PULSE and affiliate networks. It has more than
44 million merchant acceptance locations and 2 million ATM cash
access locations around the world.
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 Global Network comprised of 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 around the world. For
more information, visit www.discover.com/company.
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Sarah Grage
SilbermanDiscover+1-224-405-6029sarahgragesilberman@discover.com@Discover_News
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