TxVia, Inc., a leader in transaction processing technology for emerging payments and financial services, today announced that it has been
certified by Discover Financial Services (NYSE: DFS) to process for issuers and program managers using the Discover network.
The relationship will support processing for a number of TxVia clients, including InteliSpend Prepaid Solutions, with which Discover announced an issuance and program management agreement earlier this year for point-based, commissionable restricted authorization network (RAN)
prepaid cards as well as other products.
“The certification of TxVia as a Discover processor allows us to ensure the availability of leading enabling technology to partners offering innovative payment products,” said Farhan Ahmad, general manager of prepaid and director of emerging payments at Discover.
“We are delighted to work with Discover,” said Anil D. Aggarwal, chairman and CEO of TxVia. “We believe there exist many opportunities to leverage the Discover network in prepaid and other emerging areas of payments and are excited to provide processing and supporting services
for Discover-branded cards to InteliSpend Prepaid Solutions as well as the marketplace more broadly.”
About TxVia
TxVia offers the most advanced transaction processing technology for
emerging payments and financial services, as well as comprehensive
supporting services. Its solutions encompass the full scope of consumer,
corporate and government payment applications. TxVia enables electronic
payments with a platform-as-a-service (PaaS) delivery model, a fully
customizable solution that supports its clients’ specialized processing
needs. TxVia clients, which include some of the largest payments
companies in the world, realize significant time-to-market, cost,
scalability, reliability and security benefits from its custom—rather
than one-size-fits-all—platforms.
