Company’s industry alignment to help streamline certification and
RIVERWOODS, Ill.--(BUSINESS WIRE)--Mar. 15, 2012--
(NYSE: DFS) today announced it is implementing a 2013 EMV mandate for
acquirers and direct-connect merchants in the U.S., Canada and Mexico.
This industry alignment will streamline certification and deployment
efforts and enable a manageable transition for all parties involved,
including issuers, merchants and acquirers.
To date, Discover has prioritized its global EMV-deployment efforts
towards markets which are mandated or have significant chip-card
technology presence already. Discover
has deployed D-PAS, the company’s EMV-compliant payment specification,
for the past three years and already has over 1 million cards in market
among international issuers. Deployment efforts continue in 2012, with
close to 100 issuing and acquiring deployments slated across the Diners
“Enabling EMV in North America is a significant step in Discover’s
approach toward emerging payments, and clearly a necessary one,” said
Troy Bernard, Global Head of Chip Payment Technology at Discover. “We
believe each payment solution should enable choice and security within
its transaction environment, which is why when it comes to EMV, we’re
giving stakeholders choice and flexibility on how they implement it.”
Discover’s approach to EMV is both universal and choice-centric, meaning
the company will not restrict any channel, verification process or
transaction type. Discover will support:
All card authentication channels – including online and offline
All cardholder verification methods – including both chip & PIN or
chip & Signature transactions
All commerce channels – including contact and contactless (which
Discover’s EMV deployment efforts are already underway domestically. In
January 2012, Discover processed its first U.S. EMV card transactions at
enabled Walmart locations. Walmart is certified to process D-PAS in both
the U.S. and Canada.
To learn more about D-PAS or the Discover 2012 EMV mandate, please visit www.discovernetworknews.com.
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
operates the Discover
card, America's cash rewards pioneer, and offers personal and
student loans, online savings accounts, certificates of deposit and
money market accounts through its Discover
Bank subsidiary. Its payment businesses consist 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 in more than
185 countries and territories. For more information, visit www.discoverfinancial.com.
Source: Discover Financial Services