Discover, Vantiv Partner to Push PayPal POS System
Sept. 27, 2012
Vantiv this week revealed it is expanding its relationship with Discover to support the Riverwoods, Ill.-based card network’s recently announced PayPal initiative . The Cincinnati-based processor already services Discover’s national merchant portfolio and the two companies said they will work together to bring PayPal’s in-store POS system to their merchants across the U.S. PayPal account holders can leverage their accounts to pay at brick-and-mortar retail locations using their mobile device.
“Vantiv is a strong partner in our effort to facilitate PayPal In-Store checkout at millions of merchant locations in the U.S.,” said Diane Offereins, president of Discover Payment Services. “The team quickly recognized the strategic value of offering PayPal In-Store checkout to their brick-and-mortar merchants, and the importance of being a first mover in bringing an innovative new technology to a competitive multi-channel payment marketplace.”