Global card payments acquirer WorldPay has announced a partnership with Discover Financial Services, a direct banking and payment services company, to enable its customers to accept PayPal in-store checkout payments in brick-and-mortar shops.
WorldPay is a leading provider of electronic payment processing solutions that operates in more 30 different countries, allowing clients to accept card payments both at the point of sale and over the internet. As part of its collaboration with Discover, WorldPay will be among the first US-based companies to start using PayPal’s mag-striped card.
The PayPal card itself, according to the company, is designed to offer the speed, simplicity and security that PayPal users receive online as part of a physical payment transaction.
Tony Catalfano, President and CEO of WorldPay US said: “What’s particularly exciting is the possibility of seeing how the exceptional loyalty of PayPal customers translates into lasting benefit for business owners. Our expectation is it will help increase customer engagement and loyalty, which will hopefully translate into incremental sales for our merchants.”
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In a press release issued today, WorldPay said that its customers would be able to begin accepting PayPal in-store checkout payments at the point of sale “in the Spring” of this year.
PayPal announced an extension of its offline strategy with Discover Financial Services in August last year, bringing the firm’s digital payment solution to over 7 million merchant locations across the United States. The plan for participating merchants to start accepting PayPal payments is therefore on schedule, although it’s unclear whether it will be available to businesses who operate outside of WorldPay US later in the year.
Discover Financial Services operates the Discover card, but also offers various home and private loans. Its payment businesses, however, consist of the Discover Network, which is used by millions of merchants and cash access locations, PULSE, one of the nation’s leading ATM/debit networks, and Diners Club International, a global payment network that is present in more 185 different countries.
The initial PayPal and Discover partnership was announced back in 2010, when Discover card customers were given a means to use PayPal as a way of sending money both online and through mobile devices.
Image Credit: ERIC PIERMONT/AFP/Getty Images
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