Prepaid Solutions USA and Discover® Network partner to issue prepaid cards.
Prepaid Solutions, a division of West Suburban Bank is pleased to announce that it has reached agreement with the Discover Financial Services to issue prepaid cards on the Discover® Network. Discover Financial Services LLC, a business unit of Morgan Stanley operates the Discover Card with more than 50 million Card members, and the Discover® Network, which is the largest proprietary credit card network in the U.S. with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE ATM/Debit network, which serves more than 4,200 financial institutions and includes nearly 250,000 ATMs and approximately 3.4 million POS terminals.
"Discover has demonstrated a strategy of supporting its issuers and the prepaid space while bringing choice and value to merchants and consumers. We are excited to add the Discover Network to our extensive suite of leading edge prepaid products and solutions," noted Daniel P. Grotto, president of Prepaid Solutions USA.
"Prepaid cards utilizing the Discover Network offer Prepaid Solutions a clear advantage in the expanding prepaid market. The Discover Network, with its enhanced fraud services and proprietary card network, which allows for selective cards acceptance, enables Prepaid Solutions to create powerful solutions for significant opportunities that we were not able to fulfill with other network options." noted Gary L. Erdmann, managing director of Prepaid Solutions USA.
"Prepaid Solutions, West Suburban Bank has been a leader in the prepaid market for years, and Discover Financial Services looks forward to working with it on new and innovative programs that will benefit both businesses and consumers," said Tom Crowder, director prepaid, Discover Network."