UTRECHT | This autumn, PaySquare will be connected to the Discover network. As a result, PaySquare merchants (retailers, hotels, restaurants, web shops, etc.) will be able to accept payments by Discover and Diners Club credit cards as from 1 January 2014, enabling them to reach a larger target group.
Discover's Drive for Acceptance
Discover and Diners Club are reputable credit cards held by many users all over the world. A network organisation, Discover concludes contracts with major banks in a variety of countries, including China, Russia, the United States, India, Korea and Serbia. The cards issued by these banks are accepted all over the world, thanks to the banks’ connection to the Discover network.
Greater Diversity of Payment Options
Petra Gerla, CEO of PaySquare: “We are very pleased about our collaboration with Discover. Worldwide, 58 million cardholders are connected to this network, while 15 million businesses accept the card as a means of payment. As a result of the rapid growth of e-commerce, customers all over the world are able to shop with increasing ease at web shops outside the borders of their own country. Our connection to the Discover network enables us to offer our clients a greater diversity of payment options, facilitating their success in fast-growing new markets and market segments.”
'PaySquare Market Leader in the Netherlands'
“PaySquare is the largest party in the Netherlands when it comes to credit card and international debit card acceptance”, Gerry Wagner, Vice President of Discover Global Network, explains. “This collaboration is extremely important for us in terms of expanding our client portfolio in the Benelux.”
Discover Financial Services (NYSE: DFS) is a direct banking and payment service provider, and one of the United States’ most well-known financial service brands. Since its establishment in 1986, Discover has become one of the United States’ largest card issuers. In addition to Discover, the credit card that introduced the cashback concept in the United States, Discover offers financial service products via its direct banking division. These products include mortgages, student loans, personal loans, savings accounts, current accounts and deposit accounts. The payment network is divided up into three parts: the Discover Global Network, with its millions of point-of-sale terminals and ATMs, PULSE, one of the United States’ leading ATM and debit card payment networks, and Diners Club International, a worldwide payment network with acceptance in more than 185 countries and regions. For more information, visit www.discoverfinancial.com.
PaySquare is the largest payment service provider in the Netherlands in the acceptance of credit cards and international debit cards for physical retail outlets, web shops and telephone, postal and fax orders (MO/TO). PaySquare also provides payment acceptance services to companies operating in Austria, the Benelux, Germany, Switzerland and the United Kingdom. Furthermore, through us you can accept payments in a large number of currencies, also from countries outside the eurozone. PaySquare ensures that your customers can pay quickly, conveniently and securely using their credit cards or international payment cards, allowing you to receive rapid payments on these transactions. We provide advice, information and support regarding the acceptance of MasterCard, Visa, Discover and Diners Club, JCB, UnionPay, Maestro and V PAY. PaySquare is a subsidiary of Equens SE, one of the largest ATM and point-of-sale transaction processors in Europe.
Equens has offices in the Netherlands, Germany, Italy, Finland and the United Kingdom. For more information on PaySquare, please visit www.paysquare.nl or contact: Annemieke Lambregts + 31 (0)30 283 50 27 + 31 (0)6 50 21 30 91, Marcel Woutersen +31 (0) 30 283 54 27 +31 (0) 6 29 05 08 71