Finextra – 8/20/15: Discover Financial Services and Elo, the largest Brazilian credit card brand, today announced a strategic agreement that will allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network. The agreement will focus initially on enabling Elo Global Cards to have acceptance in more than 185 countries and territories via the Discover Global Network, the third-largest payments network in the world. Elo and Discover also will collaborate on the integration of Discover’s EMV solution, D-PAS, to help ensure safe international transactions and continue to work together on new emerging payment products in the future. Elo will continue to use its own proprietary application for domestic transactions.
Click here to read more: http://www.finextra.com/news/announcement.aspx?pressreleaseid=60940

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