Discover® Global Network Launches a New Network Tokenization Platform
12 Ottobre 2023 - 1:00PM
Business Wire
The New Network Tokenization Platform is a
Cloud-based platform that allows companies to easily integrate and
offer Stored Payment Token Specifications
Discover® Global Network, the payments brand of Discover®, has
launched a new cloud-based network tokenization platform giving
companies a scalable and flexible token solution they can offer to
their downstream customers and merchants. The new platform will
allow companies to integrate stored payment tokens as part of their
payment experience.
The network tokenization platform from Discover Global Network
is an extension of the Discover Stored Payment Tokens offering, and
better supports the payment relationship between merchants and
token requestor aggregators. It also provides Discover partners
with a token solution they can then deploy at scale with their
merchants.
"We are building network tokenization services with our
enhanced, cloud-based platform. This aligns with our long-term
strategy to offer a robust, scalable solution in the market, on
which we expect to build all our future capabilities," said Judith
McGuire, senior vice president of global products at Discover
Global Network. "The new platform is designed for the emerging use
cases in the market providing ease of integration for our partners
as the payments ecosystem evolves."
The new platform will first be implemented by Everyware, a
payments platform specializing in mobile and card present payments,
billing and customer engagement; Fiserv, a global provider of
payments and financial services technology solutions; Pagos, a
payment intelligence infrastructure startup; and Adyen, a financial
technology platform. Partners of Discover Global Network will be
able to integrate the network tokenization platform into their
existing software payment platforms, allowing their clients such as
merchants and payment service providers, to offer their customers a
smoother and more secure payment experience.
Discover Stored Payment Tokens enable the secure shift to
digital payments, providing enhanced security and an improved
customer experience. Token requestors and other payment companies
looking to implement the new network tokenization platform from
Discover Global Network can learn more by visiting: Tokenization
Solutions | Discover Global Network
Quotes from Partners
"Our clients will benefit greatly from this scalable platform
that puts all of us at the forefront of modernized tokenization –
something Everyware has always envisioned and looked forward to,"
said Everyware Founder and CEO Austin (Larry) Talley.
Casey Klyszeiko, SVP & GM, Global e-Com and Carat Platform
at Fiserv: "Fiserv will leverage Discover token services across
commerce-enabling systems, including Carat, the global commerce
platform that orchestrates payments and experiences for the world’s
largest businesses. As consumers increasingly shift buying
preferences toward digital, mobile and online shopping, merchants
must secure new channels in order to deliver the buying experiences
that today’s consumers have come to expect. Network Tokens are
critical to omnichannel commerce, helping our merchant clients
secure their digital borders, boost approval rates and streamline
experiences for their customers."
Klas Bäck, CEO & Co-Founder Pagos: "Network Tokenization is
an important strategy for merchants and the vendors servicing them
to better optimize their payment and billing infrastructure to
drive more sales, and to reduce cost and fraud. We are excited
about our partnership with Discover® Global Network to be able to
enable this for even broader opportunities together with our
customers."
Rehman Baig, Global Head of Payment Partnerships at Adyen: "Over
the last several years, Network Tokenization has been proven to
increase the security and performance of online payments. We're
excited to expand our capabilities with Discover Global Network,
which will help our merchants stay ahead of the curve and reduce
friction for their customers."
About Discover
Discover Financial Services (NYSE: DFS) is a digital 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
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover® Global
Network comprised of Discover Network, with millions of merchants
and cash access locations; PULSE®, one of the nation's leading
ATM/debit networks; and Diners Club International®, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20231012868252/en/
Sarah Grage Silberman Discover 224-405-6029
sarahgragesilberman@discover.com @Discover_News
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