WorldPay, Discover Expand Partnership for In-Store Payments (Jan. 21, 2013)
Jan. 21, 2013
Payment acquirer WorldPay US has struck a deal with Discover Financial Services that will enable WorldPay’s customers to accept PayPal in-store payments beginning this spring. Discover and PayPal announced an agreement last August under which PayPal account holders will be able to make payments at brick-and-mortar stores that accept Discover, using a magnetic stripe card linked to a customer’s PayPal account.
“What’s particularly exciting is the possibility of seeing how the exceptional loyalty of PayPal customers translates into lasting benefit for business owners,” said Tony Catalfano, president and CEO of WorldPay US. “Our expectation is it will help increase customer engagement and loyalty, which will hopefully translate into incremental sales for our merchants.”
The new agreement builds upon the existing relationship between WorldPay and Discover. In November 2011, the companies inked a deal to expand acceptance of Discover’s eponymous and Diners Club International payment cards in Europe.
WorldPay has recently been looking to expand its business into new channels as well. In September 2012, the company announced it would provide processing services for payments made via a new mobile card reader from Fiserv Inc. The product, dubbed SpotPay, is available for financial institutions to offer their small business customers.
