Discover Extends Merchant Acceptance in Spain Through Agreement with Redsys

RIVERWOODS, Ill.–(BUSINESS WIRE)–Redsys, the largest payments processor in Spain, and Discover Global
Network, the payments brand of Discover Financial Services, announced
that they have signed an agreement that will extend merchant acceptance
throughout Spain. The agreement enables Discover to work with additional
acquirers in the region in an effort to increase acceptance for
Discover, Diners Club International, PULSE and affiliate network cards.

Redsys provides its high value services to acquirers that hold
approximately 90 percent of the market share in Spain with regards to
card processing and point of sale systems.

The new agreement makes it possible for Discover to connect with more
merchants in the country that are interested in accepting Discover
Global Network cards through Discover acquirer relationships. Through
Redsys, Discover has already signed agreements with two primary
acquirers in Spain and is exploring additional relationships to increase
acceptance even further.

“Thanks to our agreement with Redsys, we now are actively working with
two more acquirers in Spain to boost the acceptance of Discover Global
Network cards,” said Amy Parsons, senior vice president of global
acceptance at Discover. “Spain is a travel destination of choice for
many of our cardholders and we are looking forward to providing them
with more opportunities to use their cards throughout the country.”

Redsys is a highly specialized technology and operational provider in
the payments industry for the most important financial institutions in
Spain (banks, credit and debit companies), processing approximately 90
percent of the acquiring market share in the region. Redsys also works
close together with those clients on international projects when they
need the help of the main payments processor of Spain.

The Discover Global Network includes Discover Network, Diners Club
International, PULSE and affiliate networks. It has more than 44 million
merchant acceptance locations and 2 million ATM cash access locations
around the world.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America’s cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised of Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation’s leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance around the
world. For more information, visit www.discover.com/company.

Contacts

Sarah Grage Silberman
Discover
+1-224-405-6029
sarahgragesilberman@discover.com
@Discover_News