Discover card with EMV chip

[vAirGo7]

Soon Discover will provide EMV chips for cardmembers?

http://www.4-traders.com/DISCOVER-FINANCIAL-SERVIC-52882/news/Discover-Financial-Services--EMVCo-Mem...

[BearsAndTurtlesRtheBest]

Thats great cant wait.

[minipoly1]

But the problem is Discover is not popular in Europe (compare to MasterCard and Visa), so I don't know if this make much sense.

[DaveSignal]

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@minipoly1 wrote:

But the problem is Discover is not popular in Europe (compare to MasterCard and Visa), so I don't know if this make much sense.

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I don't have a discover card, exactly for that reason:  no one in UK has even heard of discover, but I would imagine they are doing it for US transactions.  Eventually, the US needs to start transitioning to this superior method.

[joshy]

In Europe you have to use the discover card as a diners club international card. I just used it this past may

[DaveSignal]

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@joshy wrote:
In Europe you have to use the discover card as a diners club international card. I just used it this past may

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I guess it depends where you go then, but I have not seen a diners club international card in the last year I have been living in England.  Possibly, with some careful research, I might be able to find a hotel somewhere that might take it.

Maybe it is more useful in other countries though.

[FinStar]

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@DaveSignal wrote:

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@joshy wrote:
In Europe you have to use the discover card as a diners club international card. I just used it this past may

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I guess it depends where you go then, but I have not seen a diners club international card in the last year I have been living in England.  Possibly, with some careful research, I might be able to find a hotel somewhere that might take it.

Maybe it is more useful in other countries though.

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+1

I noticed that DCI acceptance in parts of Europe has waned off from back in the day.

[flan]

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@DaveSignal wrote:

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@joshy wrote:
In Europe you have to use the discover card as a diners club international card. I just used it this past may

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I guess it depends where you go then, but I have not seen a diners club international card in the last year I have been living in England.  Possibly, with some careful research, I might be able to find a hotel somewhere that might take it.

Maybe it is more useful in other countries though.

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Judging by acceptance marks, Discover's (As diner's club)  accpetance in the former Yugoslavia is much better than Amex's, which still puts it well behind Visa and MC.  I'm under the impression that's true in lots of Eastern Europe, too.  Wouldn't want one as my only card there (but I wouldn't even in the US). 

[SoulMaster]

In theory, you'd be able to use your Discover card on any EMV terminal once the Discover/JCB network is added, no?  

I was of the understanding that EMV is actually it's own payment processing network that links into the legacy ones.  In other words, with EMV there's no more "we don't take Amex/Discover"... if they have EMV they take anything with EMV built-in. In other words, if you have the terminal, you don't get to choose which networks you have, you have all that EMV supports (now 6).

This could be TOTALLY wrong, but it's how understand it.  If it's correct, Discover just got way more global acceptance!

-SM

[DaveSignal]

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@SoulMaster wrote:

In theory, you'd be able to use your Discover card on any EMV terminal once the Discover/JCB network is added, no?  

I was of the understanding that EMV is actually it's own payment processing network that links into the legacy ones.  In other words, with EMV there's no more "we don't take Amex/Discover"... if they have EMV they take anything with EMV built-in. In other words, if you have the terminal, you don't get to choose which networks you have, you have all that EMV supports (now 6).

This could be TOTALLY wrong, but it's how understand it.  If it's correct, Discover just got way more global acceptance!

-SM

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This is wrong.  EMV is just an authentication method, not a payment processing network.