Discover Expands E-Commerce Acceptance with Computop
On the heels of a strong earnings report yesterday, Discover Financial Services’ wholly owned subsidiary Diners Club International announced a deal with global payment service provider Computop to increase international e-commerce merchant acceptance of Discover, Diners Club and Alliance Partner cards. Bamberg, Germany-based Computop processes transactions totaling $17 billion per year for its client network of more than 10,000 large international merchants and global marketplace partners.
This agreement is part of Discover Global Network’s ongoing effort to increase global acceptance, both online and in-store, through partnerships with leading payment service providers, the company said. By working with Computop, all cards running on the Discover Global Network will have access to additional top merchants in the travel, e-commerce, hospitality and retail industries, among others. Computop’s merchants also can support ProtectBuy, Discover’s 3D Secure payment solution, which is designed to make online transactions more secure for online retailers and their customers.
“We’ve seen significant growth in e-commerce across the Discover Global Network and remain focused on meeting the evolving needs of our cardholders by growing digital acceptance and maintaining the highest levels of card security,” said Ricardo Leite, vice president, Discover Global Network. “Computop’s international merchant base is a great fit for our cardholders, especially in Germany and throughout Europe, and further expands our global payment network.”
Discover Global Network, which includes Discover, Diners Club International, PULSE and affiliated networks, features more than 70 million cardholders, 37 million merchant acceptance locations and 1 million ATM and cash access locations across 185 countries and territories, according to the announcement.
Discover Financial Services beat analyst expectations in its first-quarter earnings report yesterday, posting $1.35 earnings per diluted share for the quarter, compared with $1.28 per diluted share for the first quarter of 2015. At press time, DFS stock was up to $56.38 per share, 7.3 percent over yesterday’s closing price.