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Most Popular Topic: Acceptance 
Authorization Best Practices for Processing Prepaid and Debit Transactions
Recently, both the prepaid and debit space has seen exponential volume growth, leading to an increased number of prepaid and debit transactions being processed.
As consumers gravitate towards using prepaid and debit cards for everyday purchases, they are more likely to frequently review transaction details affecting their prepaid balances or checking accounts. Read More
Momentum Newsletter – Spring 2013
In this issue read about:
- Our fraud prevention article, which describes the actions you can take to help be part of the solution.
- Growing our business together in ways that support our separate strategies and ideas is important. We believe that the flexibility in the Discover Extras program provides you with an opportunity to specifically target potential new customers and increase sales and transaction amounts. Read More
Discover and Ariba to transform B2B payments
Discover and Ariba today announced a new service, AribaPay, a B2B payment settlement solution that will automate the digital, end-to-end ‘Procure to Pay’ process. Utilizing the global reach and security of the Discover Network, AribaPay is a fully integrated, cloud-based solution that automates billing and settlement processing between buyers and seller – without integration work.
Surprisingly, in the US alone, more than 60% of B2B payments are still paid by check, and almost 90% of companies still manually enter and re-key remittance data. Ariba’s current customers have the desire to adopt a system that improves this process. In fact, according to the EMC study, almost 80% of companies are likely or very likely to ‘convert the majority of B2B payments from checks to electronic payments in the next three years1.’
Available in 2014, AribaPay gives buyers the benefits of fewer paper checks, fewer payment inquiries and lower processing costs. Sellers can benefit from on demand, real-time remittance information and faster reconciliation with more transparency.
AribaPay is the latest chapter in Discover’s drive to further shape the emerging payments landscape and offer our network capabilties to new and different partners around the world.
To learn more about Discover’s innovative solutions in emerging commerce, click here.
1Source: “Electronic Payments & Remittance Data: Pain Points & Solutions,” Federal Reserve Bankes of Minneapolis & Chicago, December 2012
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Discover Helps PayPal Reach 2 Million Merchant Outlets by End of 2013
NEW ORLEANS–(BUSINESS WIRE)–Apr. 30, 2013– ETA –Discover today announced it has signed contracts with 50 merchant acquirers that will extend PayPal’s in-store acceptance to more than 2 million merchant outlets by the end of 2013.
Electronic Transactions Association Announces Nominees for 2013 Star Awards and the 2013 Distinguished Payments Professional
WASHINGTON, DC ─ The Electronic Transactions Association (ETA), the trade association of the global electronic payments industry, today announced the finalists for the prestigious annual Star Awards. The ETA Star Awards recognize contributions of individuals and companies to the payments industry, whether through innovation, business practices, or contributions to the association. In addition, ETA has announced that Diane Offereins, Executive Vice President, President – Payment Services Discover Financial Services is being recognized as the 2013 Distinguished Payments Professional.
PaymentsSource Names 2013 Most Influential Women in Payments
Diane Offereins, Discover Financial Services
Offereins says her primary focus at Discover is developing initiatives for growth while navigating the rigorous financial, legislative, and regulatory landscape of the banking and payments industries.
The 25-year payments-industry veteran is credited with uniting three brands –Discover Network, PULSE and Diners Club International – into a global payments business. Read More
Mosaic Newsletter – Spring 2013
The Spring issue of Mosaic brings you up to date and gives you ideas to help your business succeed.
With the release of the Discover® itTM card, you may be seeing this unique-looking card at your point of sale. Our spotlight on the card will point out its details and answer any questions you may have.
Read More
Momentum Newsletter — Winter 2013
In this issue read about:
- The most current information about keeping your point of sale protected from hackers.
- The next steps Discover is taking toward EMV deployment. Beginning next October, your business can earn an annual PCI audit waiver if you meet EMV and Discover transaction processing requirements.
Chicago Culinary Creativity
You can have your cake and get rewarded, too!
Elysia Root Cakes specializes in creativity and customization, both in their culinary creations and in their choice of payment options. Elysia uses Discover to improve her cash flow, and to reduce the risk from insufficient funds checks. “I think certainly if you want to grow your business, taking Discover can give you an advantage over your competition,” says Elysia. “It opens you up to customers you may not have been able to reach before.” Read More