As consumers face increasing pressures and time constraints,
they look for new ways to simplify their lives and manage finances.
Discover Network Recurring Payments
offers a convenient way to save cardholders time by providing
an automatic payment method for recurring and installment charges.
Recurring Payments builds loyalty and increases usage
for card issuers. For merchants, Recurring Payments is
an easy way to increase retention, improve customer satisfaction
and reduce operational expenses. Recurring Payments provides
acquirers with a valuable tool to offer merchants and ultimately
increases transaction revenue through increased card usage.
Discover Network
Recurring Payments allows you to:
Recurring Payments is a valuable loyalty tool which
increases retention by offering customers an easy way to reduce
the time and hassle associated with paying monthly bills.
Customer relationships last longer with a recurring payments
program. With Recurring Payments, businesses can
capitalize on these trends and develop long-term, mutually-beneficial
relationships with their customers.
With Recurring Payments, customers pay their recurring
expenses automatically using their Discover Network Card.
Cardholders benefit from no checks or late payments, which
also saves them valuable time each month. By reducing the
number of checks, late payments and accounts in collections,
Recurring Payments helps businesses operate more
efficiently—saving both time and money.
Customers who automatically pay bills with their cards make
fewer customer service calls than those who pay by check,
helping reduce operational costs. Furthermore, Recurring
Payments can help merchants increase profitability by
reducing charge-offs and exception-processing expenses.
Recurring Payments can increase the ability for customers to purchase higher-ticket items through installment agreements, which replace outdated layaway programs.
Co-payments with healthcare providers and other services
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Discover Network Recurring Payments is a convenient
payment option that can benefit issuers by increasing loyalty
and driving card usage. Benefits to your cardholders include:
no bill payment dates to remember, no checks to write, no
postage to pay and no late payments. And, when cardholders
enrolled in Perks Everyday rewards use their Discover
Network Cards to make Recurring Payments instead
of paying by other methods, they benefit by accumulating
additional reward points on the things they already buy,
where applicable.
By offering the convenience of Recurring Payments to cardholders, issuers can benefit from increased loyalty and retention. An industry study showed 67% of cardholders are more likely to cancel a card that is not linked to a recurring payment.* * Cards and Payments, December 2005.
The Recurring Payments program strengthens issuer preference and card usage by providing cardholder convenience, driving the card to top of wallet and increasing the volume of more profitable credit transactions.
Recurring Payments allows issuers to capture revenue from purchases traditionally made through check or cash installments, such as orthodontics or tuition. This increases revenue for the issuer, while providing cardholders with increased convenience, better reporting, more protection and the ability to earn rewards for their purchases (when applicable).
To learn more about adding product features to
your Discover Network program, contact your Relationship
Manager, or click to Get Started today.
With Discover Network Recurring Payments, customers’
bills are paid automatically, creating convenience for them
and efficiencies for merchants. Recurring Payments
offers increased customer loyalty, improved cash flow and
simplicity that will help move your business forward.
With Discover Network Recurring Payments,
your business can:
Recurring Payments is a valuable loyalty
tool which increases retention by offering customers
an easy way to reduce the time and hassle associated
with paying monthly bills. Customer relationships
last longer with a recurring payments program. With
Recurring Payments, businesses can capitalize
on these trends and develop long-term, mutually-beneficial
relationships with their customers.
With Recurring Payments, customers pay their recurring expenses automatically using their Discover Network Cards. Cardholders benefit from no checks or late payments, which also saves them valuable time each month. By reducing the number of checks, late payments and accounts in collections, Recurring Payments helps businesses operate more efficiently–saving both time and money.
Customers who automatically pay bills with their
cards make fewer customer service calls than those
who pay by check, helping reduce operational costs.
Furthermore, Recurring Payments can help
merchants increase profitability by reducing charge-offs
and exception-processing expenses.
Recurring Payments can increase the ability for customers to purchase higher-ticket items through installment agreements, which replace outdated layaway programs.
Cardholders’ account information can change for a variety of reasons: expiration date changes, card renumbering, cards are lost or stolen. Discover Network Account Updater automatically updates your recurring payment customers’ Discover Network Card Account information. That means you will continue receiving their recurring payments, uninterrupted, even if their Discover Network Card information changes. There is no need to contact customers for their new account information and you experience no cash-flow disruptions. Learn more about Discover Network Account Updater or Log in to register.
Registered DiscoverNetwork.com merchants can log
in to enroll in Recurring Payments.
To learn more about implementing Discover Network
product features, contact your Discover Network Acquirer
or Relationship Manager or click to Get
Started today.
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SPECIFIC TO:
