Operations

What Do Changes In the Discover Card Mean For You?

Posted on June 1, 2010

Operators could have a chance to save money by asking their present credit card processors to board Discover on their platforms.

Discover has announced that it is no longer looking to expand its merchant acquisitions in the marketplace.

In fact, in the last 60 days Discover has had a portion of its portfolio for sale and various processors have been looking at this acquisition.  Industry insiders believe that by August Discover will have boarded its last merchant. 

So what does this mean to you as limousine operators? This is an opportunity to save even more money by having your present processor board Discover on its platform. This means that your deposits will include Visa/MasterCard/Discover. This will eliminate the Discover Statement fee and any other additional charges that Discover assesses. 

In short, it is estimated that in the next six months or so, if you have a direct relationship with Discover, you will have to convert that processing to someone else. This does not mean Discover is not going to be a viable card; it simply means that it will be a typical bankcard, just like Visa and MasterCard. 

If you have any questions, simply reach out to your present processing company and they will help you sort through what needs to be done.

-- Crystal Sulzer, Ferrari Merchants

View comments or post a comment on this story. (0 Comments)

More News

Go Riteway Celebrates 60 Years In Bus Business

The Wisconsin company started with just four school buses and now has 1,000 vehicles serving several ground transportation sectors.

Colorado Operator Buys Affiliate To Widen Service Region

eNews Exclusive: B-Line Express in Vail will now cover even more ground in the retail-heavy state.

Why Uber Can't Be Fixed And Must Be Shut Down

Analysis: The TNC's lower costs brought lower prices, with resulting popularity and growth. But its use of noncommercial cars was unlawful from the start.

Empire CLS Featured In Meetings + Events Magazine

The article describes the chauffeured transportation provider's newest additions to its fleet: 56-passenger motorcoaches.

Unique II Brings Its Luxury Service To Florida FBO

The New Jersey company expands its chauffeured experience to  private charter jet clientele at Opa-locka.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - July 2017 $12.95 COVER STORY: * Why These Titans Work So Hard to Give it Away * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close