Skipify, a leading financial technology company redefining the checkout experience, today announced its partnership with Discover® Global Network, a leading global payment network connecting millions of merchants and cardholders across more than 200 countries and territories worldwide.
The technology partnership aims to provide simplified and enhanced checkout for Discover cardholders, improving shopper satisfaction and delivering higher authorization, conversion, and security for participating Discover merchants through Skipify’s payment infrastructure.
In the early phases of the project, Skipify will integrate advanced tokenization technology from the Discover® Network, enhancing security by replacing sensitive card information with encrypted tokens. Both automatically provisioned and manually entered cards in Skipify will be tokenized with Discover, aiming to reduce fraud and safeguard customer data during the transaction. The enhanced security can also improve authorization and conversion rates for merchants, delivering a more seamless and satisfying experience for both them and their customers.
Skipify's collaboration with Discover signifies a shared commitment to advancing the future of commerce through innovation. The two companies will continue to align product development roadmaps to develop new digital shopping experiences that meet the evolving needs of consumers and businesses.
“Discover is committed to building network tokenization services and ensuring they’re available to merchants and consumers in an impactful way. Skipify helps us do this in real time at online checkout,” said Judith McGuire, the Head of Global Products at Discover® Global Network. “Because of our direct connection with Skipify, we can enable both current and future capabilities without merchants or consumers needing to do additional work to reap the benefits.”
“We are very excited to partner with Discover, a pioneer in the card industry recognized for their commitment to cardholder security and benefits,” said Ryth Martin, Founder and CEO of Skipify. “We’re building a new standard in payments where people can check out using just their digital identity, and we’re thrilled to have Discover join us on this journey.”
Discover adds to Skipify’s existing and growing network of integrated card issuers and networks, which already include American Express, Mastercard, VISA and Synchrony. With more than 100M consumer cards, Skipify’s Commerce Identity Cloud is on track to recognize 1 in every 2 U.S. shoppers by the end of 2025.