RBS WorldPay Now Offers Discover Network Card Settlement, Providing a Single Point of Contact for Transactions

December 4, 2006

Atlanta, GA - RBS WorldPay, the US payment processing division of The Royal Bank of Scotland Group, has completed integration and rollout of direct Discover Network card processing, providing customers with a single point of contact with their Discover transactions. RBS WorldPay entered into the agreement with Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS) in mid-September, making it the second payment processor to implement and market such an agreement with Discover and the second to go live with processing capability.

As one of the first payment processors to directly acquire Discover Network card transactions, RBS WorldPay now offers Discover credit card processing service as part of its standard credit card processing service offerings (along with Visa and MasterCard) for new merchants.

"This capability provides RBS WorldPay merchants a true turn-key solution for their payment processing needs," said Larry C. Wine, president and CEO of RBS WorldPay. "With a single point of contact, merchants can now accept and settle credit card transactions through a single payment processing provider."

As a direct acquirer for Visa, MasterCard and now Discover, RBS WorldPay provides merchants with the following benefits:

  • A single merchant services contract
  • One-call Customer Service
  • A consolidated merchant statement that details transaction activity, allowing business owners to more quickly and easily reconcile against deposit accounts
  • Immediate savings through the elimination of the administrative fee charged by Discover Network to merchants processing with non-direct acquirers

About RBS WorldPay

RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. The U.S. payment processing division of the Royal Bank of Scotland Group plc, RBS WorldPay is a non-bank subsidiary of Citizens Financial Group. For more information, please visit www.rbsworldpay.us.

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RBS WorldPay
800.200.5965, x. 1210
media@rbsworldpay.us

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