Discover is building its international debit network capabilities by leveraging partnerships with local and regional networks around the world, most recently in the Caribbean with ATH. Being able to offer issuers both signature debit and credit transaction processing capabilities are critical to the network’s abilty to compete in a global market and appeal to multi-national issuers in the United States.
Discover finalized a similar network partnership deal with India’s RuPay network earlier this month. And over the past few years, Discover has forged similar deals in South Korea and Serbia.
Another potential advantage – Discover is not defined as a regulated payment network in the United States. With so much of the market in play right now, these investments should help lift the networks profile among issuers and merchants.
Click here to read the article from American Banker.