Brazilian payment processor and merchant acquirer Redecard – the main acquirer of MasterCard and Diners Club International cards in Brazil – has reportedly agreed to process Discover card payments.
The agreement means that Redecard will process transactions on Discover cards that have been issued internationally, allowing visitors to Brazil to have their Discover card accepted. It comes ahead of the expected increase in foreign visitors to Brazil when the country hosts the World Cup in 2014. The ability to process Discover cards also extends Redecard’s capabilities.
The Wall Street Journal reported that following the move, Redecard will be the first Brazilian network to accept Discover cards. Redecard reportedly said that the agreement will increase the proportion of its foreign transactions from 4 percent to 5 percent of total annual transactions.
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