Nicosia, Oct 14, 2021 AEST (ABN Newswire) - Discover(R) Global Network and ISX Financial EU Plc, the issuer of flykk(R) eMoney in the European Union and the United Kingdom, today announced their partnership to issue and link Discover(R) Debit cards to the flykk(R) IBAN-based electronic money service.
flykk(R) customers soon will have the option to link a Discover Debit card to their IBAN, in turn providing them a convenient alternative means to use flykk(R) at physical point of sale merchants.
The cards will also provide access to the global PULSE(R) ATM network, allowing flykk(R) customers the option to withdraw cash in local currency.
Discover Global Network has more than 50 million global merchant acceptance locations and 2 million ATM and cash access locations around the world. The Discover Global Network includes Discover Network, Diners Club International(R), PULSE and more than 20 alliance partner networks across the globe.
ISX Financial CEO, John Karantzis said "This is a major new feature for flykk(R), providing our users with the ability to convert electronic money to cash at ATM's globally, as well as use flykk(R) eMoney at retail point of sale terminals. We are delighted to be partnering with Discover Global Network to link cards to flykk(R) IBAN accounts, rounding out the flykk(R) service. Card issuance complements our existing card acceptance relationship with Diners Club International(R) and Discover(R) Global Network, and we are looking forward to launch in the coming months."
"ISX Financial is a long term partner of Discover Global Network in Asia Pacific and we are very pleased to expand the relationship into eMoney and issuing of debit cards in Europe. The flykk eMoney service provides cardholders easy and convenient access to their funds 24/7 wherever Discover cards are accepted globally", said Matt Sloan, Vice President International Markets at Discover Global Network. "Issuing through fintechs and partners such as ISX Financial is a core part of the Discover Global Network strategy, and we see increasing demand for such partnerships throughout the region.".
flykk(R) already features inbound and outbound unlimited value Single Euro Payments Area (SEPA) credit transfers, SEPA Instant transfers of up to EUR100,000 per transaction, in addition to eMoney purchase via cards, including Discover Global Network, to allow for "top up" of flykk(R).
To complement its SEPA outbound EURuro IBAN account transfers, flykk(R) also supports local outbound bank account transfers, which are available to Japanese Yen, Brazilian Real, British Pound, Indian Rupee, Australian, Hong Kong, New Zealand and Canadian dollar accounts.
About ISX Financial
ISX Financial EU PLC is a 'banktech' company that leverages its own technology to provide financial services to merchants across the EEA & UK. The company's combined payments stack and infrastructure provides a complete end-to-end transactional banking, FX, remittance and payment processing capability.
ISXMoney's multi-Currency IBAN accounts coupled with PaidBy Bank instant open banking provide merchants with a tailored payment solution to reach any UK or EEA bank account holders.
ISX Financial's consumer product "flykk" is a digital wallet that combines all its financial technology and infrastructure to create a retail product. flykk(R) is a two-sided network developed on ISX's own platform that links both merchants and consumers around the globe to facilitate the processing of payment transactions. flykk(R) allows customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds, with the benefits of a Diners card for point of sale transactions.
ISX Financial's subsidiary Probanx(R) also develops payment infrastructure for third parties, and provides connectivity to central banks, banks around the world and major card schemes.