London, England and Riverwoods, IL Nov. 22, 2011 - WorldPay, the largest European acquirer and Diners Club International (DCI), a business unit of Discover Financial Services, today announced the signing of a merchant acquiring agreement that will increase the acceptance of Discover and Diners Club cards in the U.K. WorldPay will build on its current relationship by adding Diners Club and Discover as standard options to its portfolio of payments processing services beginning in early 2012, in time for the summer Olympic Games in London.
The partnership expands the relationship between WorldPay, a major global leader in payment processing that operates in over 40 countries and Diners Club, a globally recognized payments brand with the world's first multi-purpose charge card. Currently, WorldPay offers Diners Club acceptance only on request by a merchant and is an E-commerce processor. In future, WorldPay will offer Diners Club and Discover to all merchants and will support D-PAS, Discover's EMV-compliant payments solution, and will be enabling chip-based terminals throughout its implementation.
Ron Kalifa, WorldPay CEO said "Our expanded partnership with a renowned credit card brand such as Diners Club International reaffirms the WorldPay position as Europe's leading payment processor. With the anticipated increase in overseas visitors expected to the UK next year, WorldPay customers will be able to offer a wider choice of payment options to their own customers.
"Discover continues to expand acceptance by working with leading acquirers in the U.K. and around the world," said Gerry Wagner, VP of Global Acceptance for Diners Club International. "WorldPay's global reach, local knowledge and robust products and services will enable us to increase our merchant presence in the U.K., benefiting our Discover, Diners Club and Network Alliance card members as they travel to Europe."
WorldPay is a leading global provider of payment and risk services, processing millions of transactions every day. WorldPay is a unification of seven leading retail payment solutions and offers a range of services including acquiring, gateway, alternative payments, risk management, and mobile payments. WorldPay became an independent company in December 2010.
About Diners Club International
Diners Club International is owned by Discover Financial Services (NYSE: DFS), a leading credit card issuer and electronic payment services company. Established in 1950, Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services. Today, Diners Club is a globally recognized brand serving the payment needs of select and affluent consumers as well as providing corporations and small business owners with a complete array of expense management solutions. With acceptance in more than 185 countries and territories, millions of merchant locations and access to over 800,000 cash access locations and ATMs, Diners Club is uniquely qualified to serve its cardmembers all over the world. For more information, visit www.dinersclub.com.
About Discover Financial Services
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.