Discover to Leverage PayPal’s New Adaptive Payments APIs to Enable Cardmembers to Make Person-to-Person Payments
26 Ottobre 2010 - 9:00PM
Business Wire
Innovate 2010 – Discover and PayPal have teamed up to
create Money Messenger, a tool that enables customers to use their
Discover® cards to pay virtually any person. The offering will
enhance the cardmember experience and provide new functionality
that empowers them as they make purchasing and payment
decisions.
Using the new built-in feature which harnesses PayPal’s new
Adaptive Payments APIs, Discover cardmembers can send money to
another person via Discover.com or a smart phone using only the
recipient’s email address or mobile phone number. Cardmembers will
earn Cashback Bonus® on every transaction, which will be treated as
a purchase on their Discover account.
Money Messenger is simple and easy to use because there’s no set
up or enrollment required for cardmembers who use the Discover
Account Center – the recipient must have a PayPal account or will
receive simple instructions on how to open one. There are no fees
for Discover cardmembers to use this service.
“The Money Messenger application will provide Discover
cardmembers with a unique payment alternative that delivers real
value,” said Mike Boush, vice president of E-Business at Discover.
“It will simplify person-to-person payments, provide cardmembers
with another way to earn rewards, and ensure the recipient gets the
funds.”
“Discover’s work is a great example of how third-party
developers can use PayPal X to create a new generation of payment
options,” said Dan Schatt, PayPal’s general manager of financial
innovations. “PayPal X makes it possible for developers to monetize
their great ideas by affording them security and connectivity
through 27 financial networks and 15,000 local banks.”
Part of the PayPal X platform, the Adaptive Payments API is a
set of building blocks that gives developers the tools to create
highly customized payment services. The API will change where and
how people can make payments, how recipients get compensated, and
more.
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 operates the Discover card, America's cash rewards
pioneer, and offers personal and student loans, online savings
accounts, certificates of deposit and money market accounts through
its Discover Bank subsidiary. Its payment businesses consist of
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.discoverfinancial.com.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The
service allows members to send money without sharing financial
information, with the flexibility to pay using their account
balances, bank accounts, credit cards or promotional financing.
With more than 90 million active accounts in 190 markets and 24
currencies around the world, PayPal enables global ecommerce.
PayPal is an eBay company and is made up of three leading online
payment services: the PayPal global payment service, the Payflow
Gateway and Bill Me Later. More information about the company can
be found at PayPal.com. PayPal is headquartered in San Jose,
California and its international headquarters is located in
Singapore.
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