News

Discover Financial Services teams with Nigeria's Interswitch

March 14, 2013

Discover Financial Services and payment processing service provider Nigerian Interswitch Ltd. have partnered to allow acceptance of Discover and Diners Club International cards at Interswitch-enabled ATM and point-of-sale terminals.

Conversely, the deal will allow users of the Interswitch branded card, Verve, to have access to Discover, Diners Club International and PULSE networks for international purchases and cash access outside of Nigeria, according to a press release from the companies.

The long-term agreement will be implemented in phases. In the first phase, 20 million Verve cards will be enabled on the PULSE global ATM network. This will be followed by Discover and Diners Club card acceptance in Nigeria, and, finally, by the acceptance of Verve cards across the Discover global network.

The two firms will also collaborate on the integration of Discover DPAS EMV solutions and fraud monitoring solutions to ensure secure transactions across both networks. They will also look at future opportunities for emerging payment products in Nigeria and other Interswitch markets.

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