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Discover Introduces Discover Quick Chip to Optimize Checkout Experience

June 23, 2016

Provides Merchants Additional Flexibility in Managing Payment Transactions

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover is introducing a new option for merchants to streamline the checkout process for all chip cards leveraging Discover, Diners Club International and PULSE Networks. Discover Quick Chip will reduce the time a chip card needs to remain in the point-of-sale terminal, making the checkout process more convenient for merchants and cardholders. Discover Quick Chip provides merchants and acquirers with an additional option when processing chip card payments.

Discover Quick Chip will reduce terminal certification requirements and be compatible with the technical standards offered by other payment networks, so merchants can seamlessly offer cardholders a faster checkout experience across all chip cards they accept.

“Discover is providing this new option in order to offer merchants and cardholders a streamlined checkout experience,” said Ellie Smith, head of the Chip Center of Excellence at Discover. “This initiative further expands and complements Discover’s wide range of existing programs that support chip deployment.”

Discover Quick Chip is another example of Discover’s long-running commitment to support merchants and acquirers in the U.S. EMV migration. The current programs range from focusing on industry education and training to streamlined certification initiatives, including access to multiple approved certification service providers, acquirer self-certification and dedicated support for Value Added Resellers.

Merchants that want to upgrade their terminals to include Discover Quick Chip should contact their acquirer, payment processor, or point-of-sale provider.

For additional information and resources, visit http://www.discovernetwork.com/chip-card.

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.

Source: Discover Financial Services

Discover Financial Services

Rob Weiss

224-405-6304

robertweiss@discover.com

@Discover_News