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PayPal signs deal with Discover

August 25, 2012

In a recent statement, PayPal said that it had signed a deal with Discover to give retailers the chance to accept an added number of payments.

In a recent statement, PayPal said that it had signed a deal with Discover to give retailers the chance to accept an added number of payments.

The agreement means that more than 7 million businesses around the the United States will be able to accept payments through PayPal using the credit card brand’s vast network. It was also stated that the security for the new system would be superior as well. 

“We’re delighted to enable PayPal’s efforts to provide their U.S. customers acceptance at millions of physical point-of-sale locations by leveraging our unique payment services assets. The establishment of this relationship is a major industry milestone, which will help shape the emerging payments landscape by bringing together an established direct banking and payments company with a leading commerce.” said Diane Offereins, President of Discover Payment Services.

Discover made other news recently when it came to an agreement with Google to give customers the option of using Google Wallet. Discover card members will now be able to use a downloadable app on smartphones for transactions. Many consumers find that paying with a phone at a mobile credit card terminal makes the payment process that much easier.

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