First Data Merchant Solutions, First Data’s direct-to-market merchant acquiring business, and Diners Club International, a business unit of Discover Financial Services, has announced to go-live with their merchant acquiring agreement in the UK.
The deal will enable First Data Merchant Solutions clients to accept all cards on the Discover Global Network including Diners Club and Discover transactions, alongside Visa, MasterCard and American Express.
The agreement will be particularly relevant to First Data Merchant Solutions customers in the travel, hospitality and entertainment sectors who supply and service international visitors in the UK.
Gerry Wagner, Vice President, Discover Network commented: “Extending our relationship with First Data into the UK market demonstrates our continued commitment to enhancing Discover Global Network acceptance for our card members around the world.”
Raj Sond, General Manager of First Data Merchant Solutions, added: “Through our strategic collaborations, First Data offers some of the most flexible payment acceptance options in the industry, providing merchants around the world the ability to accept electronic payments safely and securely. The strategic collaboration between First Data Merchant Solutions and the Discover Global Network signifies the commitment to supporting UK merchants and international consumers as tourism to the UK continues to grow apace.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.