Isbank, one of the most important players in accepting payments from abroad in our country, has started accepting Discover and Diners Club cards through an agreement with Discover Financial Services, one of the major US payment systems.
As a result, Isbank added Discover and Diners Club branded cards to its acceptance network alongside VISA, Mastercard, TROY, American Express, UnionPay, JCB, and MIR, becoming the bank accepting the most card brands in Turkey.
Thanks to this partnership, transactions can now be carried out at more than 12,000 of Isbank's e-commerce points, over 400,000 physical merchant locations, and more than 6,500 ATMs using Discover and Diners Club branded cards, which are issued in more than 70 countries, led by the US, and number over 160 million in total.
Yalcin Sezen, Deputy General Manager of Isbank, said: "As Isbank, we are the bank accepting the most card brands in Turkey. With our bank's acceptance of Discover and Diners Club cards, we are enabling our merchants operating in many fields such as transportation, tourism, and retail to serve Discover and Diners Club cardholders arriving from all over the world, led by the US, while also bringing a solution on the e-commerce side that will make life easier for our merchants, increase their transaction volumes in the market, and enable them to provide fast and secure service. At the same time, we are also enabling Discover and Diners Club cardholders to purchase airline tickets, make hotel reservations, shop, and meet their cash needs around the clock through our extensive ATM network while in our country."
Sezen, emphasizing that they place special importance on cross-border payments and are making serious efforts to diversify and expand the payment solutions they offer through electronic channels in order to support the integration of businesses in our country into the global system, stated: "With this move, the acceptance network of our merchants with physical POS terminals, as well as Isbank's virtual POS merchants, is expanding, so that with a single integration they will accept all internationally valid cards as well as nearly 40 alternative payment methods that are valid in more than 50 countries and are especially widespread in Europe, Russia, and China. I believe that this partnership with Discover Financial Services, one of the world's leading payment systems, is an important step toward increasing the variety of products and services we offer to our merchants and cardholders, and that it will contribute to businesses in our country expanding abroad, facilitating cross-border trade, and increasing merchant transaction volumes."
Isbank had recently also started accepting MIR branded cards. This indicates that Isbank's revenue from international card acceptance will increase even further in the coming period.
Banks earn the most revenue on transactions where they act as the acquirer. To put it simply, we can say that banks providing POS or ATM services as acquirers earn the most profit. This once again shows that the moves made by Isbank are the right ones.
