RBS WorldPay Signs Merchant Acquiring Agreement with Discover Financial Services
RBS WorldPay offers small- to mid-sized merchants the convenience of consolidated statements, settlement, and customer service
September 12, 2006
Atlanta, GA – RBS WorldPay, a leading payment processor, today announced a merchant acquiring agreement with Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), making it the second processor to implement and market such an agreement with Discover. RBS WorldPay will offer an integrated payment card processing package in November that includes Discover Network card acceptance, becoming one of the first to offer this new service to merchants.
With the integration of Discover into our core merchant services offering, business owners further benefit from RBS WorldPay’s commitment to providing simplified, single-source payment processing, said Larry C. Wine, president and CEO of RBS WorldPay. In addition to providing merchants an affordable, reliable one-stop-shop, RBS WorldPay will continue to leverage our industry-leading customer service to provide Discover merchants an unsurpassed, world-class customer experience.
The integrated processing package will be rolled-out to existing RBS WorldPay merchant customers early next year, while new merchants will benefit from the service beginning this fall.
Under the terms of the agreement, signed in August, RBS WorldPay will offer small- to mid-sized merchants the convenience of consolidated statements, settlement, and customer service. RBS WorldPay sales channels will have full responsibility for pricing, processing, settlement, risk management and customer service for the merchant accounts.
Our agreement with RBS WorldPay marks another important milestone in fulfilling the needs of small- to mid-sized merchants who want a streamlined and cost-effective processing package that includes Discover Network card acceptance, said Harit Talwar, executive vice president for Discover Financial Services. The close relationships RBS WorldPay has built with merchants enables us to broaden Discover Network card acceptance while providing merchants an all-in-one payment processing package.
About RBS WorldPay
RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. The U.S. payment processing division of the Royal Bank of Scotland Group plc, RBS WorldPay is a non-bank subsidiary of Citizens Financial Group. For more information, please visit www.rbsworldpay.us .
About Discover Financial Services
Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), operates the Discover Card with more than 50 million Cardmembers, and the Discover Network, which is the largest proprietary credit card network in the U.S. with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE ATM/debit network, which serves more than 4,200 financial institutions and includes nearly 250,000 ATMs and approximately 3.4 million POS terminals. For more information, visit www.discovercard.com. www.discovernetwork.com or www.pulse-eft.com.