Discover Global Network Working With Checkout.Com To Expand Merchant Acceptance Globally
RIVERWOODS, Ill. & LONDON--(BUSINESS WIRE)--Oct. 1, 2015-- Online payments provider Checkout.com, and Diners Club, a business unit of Discover Financial Services and part of the Discover Global Network, today announced that all Checkout.com merchants will have the opportunity to accept sales from cards running on the Discover Global Network starting on October 2.
This arrangement is part of Discover Global Network’s overall strategy to work with key payment solution providers like Checkout.com to help drive increased acceptance. Checkout.com, which works with e-commerce merchants worldwide, will add acceptance of Discover, Diners Club and alliance partner cards to its payments processing services portfolio.
“Online cross-border purchases are on the rise as customers can now search around the world for the products and prices they want,” said Ricardo Leite, vice president, Discover Global Network. “Checkout.com is an important player in the online ecosystem and working with them aligns with our goal of expanding our portfolio of online merchants.”
Discover Global Network is the third largest payments network in the world and processes a large amount of online volume. With more than 35 million merchant acceptance locations and one million ATM and cash access locations across 185 countries and territories, Discover Global Network includes Discover, Diners Club International, PULSE and affiliated networks.
Checkout.com enables e-commerce merchants to seamlessly and easily connect all the payments options they need to their website. By offering online shoppers their preferred payment method, merchants can extend their reach globally and increase their sales. Checkout.com’s aim is to simplify payments so that merchants can focus on growing their business.
“The Internet today is interconnecting sellers and buyers across borders like never before and relies on solid and widespread payments networks to make it work,” said Mathieu Altwegg, Chief Executive Officer of Checkout.com. “We are proud to be a new member of the Discover Global Network and glad to allow our online merchants to access 70 million new cardholders around the world.”
Founded in 2010, Checkout.com is an international financial services and technology company powering the most comprehensive cross-border payments solution for the Internet. Checkout.com offers all the credit and debit cards as well as alternative and local payment methods through one single integration and one single platform. Checkout.com’s 100-person team serves e-commerce merchants worldwide through its London, Dubai, Singapore and Mauritius offices. Further information is available at www.checkout.com.
ABOUT DINERS CLUB INTERNATIONAL
Diners Club International is owned by Discover Financial Services (NYSE:DFS), a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally-recognized brand serving the payment needs of select and affluent consumers, offering access to more than 550 airport lounges worldwide, and providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to more than 1 million cash access locations and ATMs, Diners Club, as a strategic partner of the Discover Global Network, is uniquely qualified to serve its cardmembers all over the world. For more information, visit www.dinersclub.com.
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 home loans, private student loans, personal loans, home equity loans, checking and savings accounts, certificates of deposit and money market accounts 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.