First Data and JCB Help Discover Grow Acceptance at Key Merchants
RIVERWOODS, Ill. & TOKYO--(BUSINESS WIRE)--
Discover Global Network, the payments brand of Discover Financial
Services, will expand card acceptance at key merchants in Hong Kong by
working with First Data and JCB International, the international
operations subsidiary of JCB Co., Ltd. (referred to below as “JCB”).
To expand into Hong Kong, Discover Global Network was able to leverage
the existing acquiring partnership between JCB and First Data to accept
all cards that run on Discover Global Network including Discover, Diners
Club and affiliate network cards through Discover’s current net-to-net
relationship with JCB.
“This is a great example of partners working together to bring value to
both customers and merchants,” said Amy Parsons, senior vice president
of global acceptance at Discover. “Our strong existing relationships
with First Data and JCB allow us to grow faster and reach merchants that
are important to our customers.”
First Data has a robust roll-out plan and will enable acceptance for
Discover and Diners Club cards including key international restaurant
chains, Airport duty free stores and national department stores to
benefit cardholders visiting Hong Kong.
“This unique relationship with Discover and JCB leverages First Data’s
global footprint, scale, and innovative solutions to provide key
merchants in Hong Kong with the ability to accept Discover and Diners
Club Cards,” states Ivo Distelbrink, EVP, Head of Asia Pacific region
for First Data. “At First Data, we are committed to enabling commerce
for businesses around the world so they can, in turn, offer flexible
payment options to their customers. We are delighted to collaborate with
Discover and JCB to further this effort.”
Discover currently works with First Data as its acquiring partner in
both the United States and Europe to grow acceptance of all cards that
run on Discover Global Network.
Discover and JCB have worked together since 2006 and continue to
increase acceptance of JCB cards on the Discover Network in the U.S.,
and of Discover cards on the JCB network in Japan. This is the third
joint acquirer agreement between JCB and Discover following Kazakhstan
and Republic of South Africa, leveraging Discover’s current net-to-net
relationship with JCB with First Data.
“JCB and Discover’s alliance has now stepped into a new stage opening up
a new territory in Asia Region other than our mother market, Japan,”
said Kimihisa Imada, President & COO of JCB International. “Thanks to
First Data for their outstanding cooperation. This project allowed us to
widen our technical collaboration with First Data and further business
possibilities.”
Discover Global Network has over 42 million merchant acceptance
locations and 1.9 million ATM and cash access locations across 185
countries and territories, Discover Global Network includes Discover,
Diners Club International, PULSE and affiliated networks.
About Discover Global Network
Discover Global Network, the global payments brand of Discover Financial
Services, processes millions of cardholder transactions each day. With
industry expertise, innovative technology and a closed-loop
infrastructure, Discover Global Network provides effective, customized
solutions that evolve as needs change. Discover Global Network has
alliances with more than 10 payments networks around the world, and is
led by three Discover businesses: Discover network, with millions of
retail 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.discovernetwork.com
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology and solutions, serving approximately six million business
locations and 4,000 financial institutions in more than 100 countries
around the world. The company’s 24,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest corporations,
conduct commerce every day by securing and processing more than 2,800
transactions per second and $2.2 trillion per year.
About JCB
JCB is a major global payment brand and a leading payment card issuer
and acquirer in Japan. JCB launched its card business in Japan in 1961
and began expanding worldwide in 1981. As part of its international
growth strategy, JCB has formed alliances with hundreds of leading banks
and financial institutions globally to increase merchant coverage and
card member base. As a comprehensive payment solution provider, JCB
commits to provide responsive and high-quality service and products to
all customers worldwide. For more information, please visit: www.global.jcb/en/
View source version on businesswire.com: http://www.businesswire.com/news/home/20180118005232/en/
Source: Discover Financial Services