UnionPay(TM) Newest Online Payment Solution for Discover(R) Merchants
11 Dicembre 2012 - 5:45PM
China UnionPay, the leading bankcard association in the world, with
over 3.2 billion issued cards, will now give Chinese shoppers with
UnionPay cards an option to make online purchases at the websites
of participating Discover
® Merchants while
leveraging CardinalCommerce®'s technology neutral platform for a
simple integration.
The UnionPay Online Payments (UPOP) service is UnionPay's
e-Commerce solution and was developed in response to the needs of
issuers to offer UnionPay cardholders a safe and secure way to make
purchases online around the world and in the U.S. Chinese are the
largest group of international students in the U.S. with an
increase of over 20% in 2011.
UPOP will be available to Discover's merchants, early in 2013,
using the Centinel® Universal Merchant Platform through Cardinal.
For a Discover merchant already using Centinel, it is as simple as
placing the UPOP payment button on their checkout page to support a
new payment option that enables consumers to pay using their
UnionPay cards. For these merchants, no implementation required and
no changes are necessary to existing settlement and reporting from
Discover. It is a turnkey solution that makes it easy for merchants
to be accessible to the 3.2 billion payment cards in the hands of
Chinese shoppers.
"UnionPay's close relationship with Discover and Cardinal will
provide a secure payment solution for UnionPay cardholders at U.S.
on-line merchants," said Larry Wang, Vice President, International
Division China UnionPay. "UnionPay fully expects that cardholders
in China, as well as UnionPay cardholders currently in the United
States, will take advantage of this expanded shopping
opportunity."
"With the UnionPay new secure online payment solution, UPOP,
participating Discover merchants can enjoy secure UnionPay online
payments, ease of implementation, and consolidated settlement and
reporting," says Joseph Hurley, Vice President, Global Business
Development at Discover. "This is a natural evolution of our
strategic alliance with UnionPay that's been in place since 2005,
and something we are happy to support."
"We're excited to add UPOP as a payment option in Centinel
across the Discover Network of retail merchants," said Janet
Kapostasy, Vice President, Financial Institution Services,
CardinalCommerce Corporation. "Our technology neutral platform lets
Discover offer a seamless payment solution to their merchants while
reaching billions of new customers, safely and securely."
About China UnionPay
As a global bankcard network, China UnionPay, headquartered in
China operates the national inter-bank clearing and settlement
system, develops the worldwide UnionPay Card acceptance network,
promotes the issuance and usage of the UnionPay Card as well as
other innovative payment solutions, so as to provide quality,
efficient and safe payment services to cardholders. To date, the
total number of the UnionPay Card issued both at home and abroad
has been 3.2 billion. The UnionPay network has been extended to all
the cities and rural areas in China. In addition, China UnionPay
has enabled the UnionPay Card acceptance over 130 countries and
regions through extensive cooperation with about 400 financial
institutions around the world. Additional information may be found
at: www.unionpay.com.
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 home loans, private student loans, personal
loans, online savings accounts, certificates of deposit and money
market accounts through its direct banking business. 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 CardinalCommerce
CardinalCommerce has been a pioneer in the remote payments
industry since 1999 and is a branded global leader in enabling
authenticated payment transactions in the electronic commerce and
remote commerce markets. Cardinal's SaaS software platforms for
merchants, banks, processors and transaction supply chain providers
create friction-free interoperability among otherwise disparate and
incompatible operating systems. Cardinal's platforms enable
technology-neutral authentication across a wide range of
applications. The Company's proprietary, patented solutions easily
facilitate the addition of new technology for remote distribution
channels through a single connection. This allows merchants to
securely accept payments from the entire financial transaction
ecosystem. The universe of payments spans from traditional credit
and debit card brands like MasterCard and Visa, to established and
emerging alternative payment brands like PayPal, Green Dot, and
Alipay. In accommodating this growing number of payment brands and
methods, and these technology and authentication approaches within
legacy infrastructure, Cardinal's platforms serve as universal
switches, supporting virtually all merchant platforms, wallets,
processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a
worldwide Customer base from facilities in the United States,
Europe and Africa. For more information, visit
www.cardinalcommerce.com.
CONTACT: Media Contacts
Discover
Laura Gingiss, 224-405-0185
lauragingiss@discover.com
CardinalCommerce
Janet Kapostasy, 800-352-8444 x 137
Jkapostasy@cardinalcommerce.com
UnionPay
Joe Venuti, 201-577-5477
joevenuti@unionpay.com
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