KUALA LUMPUR, Jan 19 (Bernama) -- Discover Global Network, the payments brand of Discover, has launched Tap and Pay solutions with transit agencies and local acquiring partners such as EMT Madrid, Metro de Seville and GetNet in Spain, Mennica (Poland) and New Taipei Metro (Taiwan).
Riders may now use their Discover, Diners Club International and network alliance partner cards to make contactless payments at these transit agencies in top international destinations.
Discover vice president of core network products and delivery, Emily Foshee said the Discover Transit Solution gives riders the flexibility to pay how they want and provides a seamless customer experience.
“Accepting contactless payments from cardholders in the Discover Global Network can help transit companies drive volume, lower operating costs and decrease cost of fare collection,” she said in a statement.
The Discover Transit Solution enables acceptance of both traditional and contactless transit payments and offers customisable options including supporting merchant transit fare policies, pass products (credentialing), white labeling, contactless payments, first ride risk share and payment account reference.
Discover has been working with transit partners in the United States since 2012 and is enabled on Chicago Transit Authority (CTA), New York Metropolitan Transit Authority (NYMTA), Albany, NY (CDTA) Dallas Area Rapid Transit (DART) and Portland (Tri-Met).
As of February 2022, 53 per cent of transit transactions are contactless, up from 14 per cent in August 2020. Globally, 150 large cities are looking to adopt contactless payments for transit systems.
Discover Global Network is the fastest growing global payments network with over 280 million cardholders, more than 60 million merchant acceptance locations and 1.8 million automated teller machine (ATM) and cash access locations.
-- BERNAMA
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