Isbank Merchants Now Accepting Discover Global Network Cards, Increasing Acceptance in Turkey
November 18 2019 - 9:18AM
Business Wire
As the industry leader in cross border payment acceptance in
Turkey, İşbank, has come to an arrangement with Discover Global
Network, the payments brand of Discover, to increase the acceptance
of Discover, Diners Club International and alliance partner cards.
The agreement is through the relationship that both companies hold
with the Interbank Card Center (BKM). With adding all of the cards
that run on the Discover Global Network to its card acquiring
network, Işbank now is an acquirer for the most card brands in
Turkey.
The agreement will open acceptance for Discover Global Network
cardholders at the more than 12,000 e-commerce merchants, 400,000
point-of-sale merchants and 6,500 ATMs of İşbank.
İşbank’s Deputy Chief Executive Yalçın Sezen has stated that:
“With the acceptance of Discover and Diners Club International
cards we are enabling our transportation, tourism and retail
merchants to give service to our guests from around the world who
are Discover Global Network cardholders. Additionally, we are
bringing our e-commerce merchants a solution that will increase
their transaction volume and enable them to give fast and secure
service. I think this cooperation with Discover Global Network is
an important step for increasing the diversity of the product and
services we offer to merchants and cardholders, while contributing
to Turkish businesses that are opening abroad, making cross border
commerce easier, and increasing merchant volumes.”
“İşbank is one of the largest financial institutions in the
country and its portfolio will provide key merchant acceptance to
our cardholders,” said Ricardo Leite, senior vice president of
international markets at Discover. “Adding İşbank as an acquiring
partner through our alliance agreement with BKM complements
Discover’s strategy of creating worldwide alliances that provide
consumers with more choice when it comes to how they pay.”
The Discover Global Network includes Discover Network, Diners
Club International, PULSE and more than 15 alliance partner
networks across the globe, including relationships in China, Japan,
Korea, India, Brazil, Turkey, and Nigeria. It has more than 44
million merchant acceptance locations and 2 million ATM cash access
locations around the world.
About İŞBANK
With its solid capital base reinforced by sustained
profitability, İşbank is the largest private bank in Turkey in
terms of shareholders’ equity, which amounted to TL 54.6 billion ($
9.8 billion) as of September 2019. İşbank also ranks first in terms
of total assets, total loans and total deposits among privately
owned banks in Turkey. İşbank posted TL 3.8 billion ($ 0.7 billion)
net profit in the first nine months of 2019 and the Bank’s capital
adequacy ratio stood at 17.8% at the end of the same period.
İşbank's payment systems solutions allow businesses to make
payments in 36 different payment methods in over 50 countries, as
well as the world's largest card processing companies such as Visa,
MasterCard, American Express, UnionPay, JCB and MIR. In this sense,
İşbank's physical and virtual POS member merchants are also able to
accept almost all international cards in the world and alternative
payment methods, which are widely used in Europe, United States,
Latin America and Far East.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
equity loans, checking and savings accounts and certificates of
deposit through its direct banking business. It operates the
Discover Global Network comprised of Discover Network, with
millions of merchant and cash access locations; PULSE, one of the
nation's leading ATM/debit networks; and Diners Club International,
a global payments network with acceptance around the world. For
more information, visit www.discover.com/company.
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version on businesswire.com: https://www.businesswire.com/news/home/20191118005554/en/
Media Contacts Sarah Grage Silberman Discover
+1-224-405-6029 sarahgragesilberman@discover.com @Discover_News
Name Gül Mutlay İşbank / LOOBY PR AGENCY Email Gül MUTLAY
(gulmutlay@lobby-pr.com)
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