The New Network Tokenization Platform is a Cloud-based platform that allows companies to easily integrate and offer Stored Payment Token Specifications
Discover Global Network, the payments brand of Discover has launched a new cloud-based network tokenization platform giving companies a scalable and flexible token solution they can offer to their downstream customers and merchants. The new platform will allow companies to integrate stored payment tokens as part of their payment experience.
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“The new platform is designed for the emerging use cases in the market providing ease of integration for our partners as the payments ecosystem evolves.”
The network tokenization platform from Discover Global Network is an extension of the Discover Stored Payment Tokens offering, and better supports the payment relationship between merchants and token requestor aggregators. It also provides Discover partners with a token solution they can then deploy at scale with their merchants.
“We are building network tokenization services with our enhanced, cloud-based platform. This aligns with our long-term strategy to offer a robust, scalable solution in the market, on which we expect to build all our future capabilities,” said Judith McGuire, senior vice president of global products at Discover Global Network. “The new platform is designed for the emerging use cases in the market providing ease of integration for our partners as the payments ecosystem evolves.”
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The new platform will first be implemented by Everyware, a payments platform specializing in mobile and card present payments, billing and customer engagement; Fiserv, a global provider of payments and financial services technology solutions; Pagos, a payment intelligence infrastructure startup; and Adyen, a financial technology platform. Partners of Discover Global Network will be able to integrate the network tokenization platform into their existing software payment platforms, allowing their clients such as merchants and payment service providers, to offer their customers a smoother and more secure payment experience.
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