"This alliance is a significant part of Discover’s 'Network to Network' strategy to create an alternative global payments network and give both financial institutions and consumers more choice,” said Joe Hurley, Vice President of Global Business Development at Discover. "By partnering with regional payments networks such as EUFISERV, Discover is able to leverage its unique set of assets to grow volume, while providing our partners with the global reach and localized preferences and needs they require. It's a win-win for everyone."
About EUFISERV Payments
EUFISERV Payments scrl is a Brussels-based cooperative company with limited liability owned by retail banks from ten European countries and by the European Savings Banks Group. The EUFISERV ATM Scheme is operational in eight European countries and provides access to cash to over 68 million cardholders. EUFISERV branded cards are issued by over 600 participating European banks and are accepted at over 75,000 branded EUFISERV ATMs across Europe. It is the only European scheme in operation today.
Since it began in 1990, the scheme has been owned and managed by European banks. In 2008 the scheme was fully separated from its former processing business (now trading as Trionis), in line with the SEPA requirements of the European Central Bank and the European Commission. The shareholders of EUFISERV Payments are major European banks and bank owned organizations. For more information, visit www.eufiserv.com.About PULSE PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading debit/ATM network, serving more than 6,300 financial institutions across the United States. This includes 4,300 issuers with which PULSE has direct relationships and more than 2,000 additional issuers through agreements PULSE has with other debit networks. PULSE links cardholders with ATMs and POS terminals at retail locations nationwide. Through its global ATM network, PULSE provides worldwide cash access for Diners Club and Discover cardholders through more than 850,000 ATM locations. The company also is a source of electronic payments research and is committed to providing its participants with education on emerging products, services and trends in the payments industry. For more information, visit www.pulsenetwork.com.