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IPA Payments Pod

Dec 4, 2018

Discover Financial Services is best known for its credit cards, but the company has products across the financial services spectrum. Credit, debit, and prepaid transactions all run on its network. While credit may be the largest part of its business, nevertheless prepaid products have been a tool Discover has used to work with FinTech companies. It also has used prepaid platforms along with its network tools to create new products using restricted authorization networks. We talk with Claudia Schaefer, Business Development Executive for Strategic Initiatives at Discover about how prepaid fits into Discover’s overall business and what its capabilities are.