PULSE and Paydiant work together to help advance mobile wallet adoption.

It henceforth official since this morning, ATM networks, and Paydiant are working together to provide an easy-to-use mobile commerce solution for PULSE participants.

Connectikpeople has discovered that, the Paydiant solution will enable PULSE financial institution and merchant partners to quickly deploy contactless payment and cash access functionality
to better serve their mobile-minded customers.

For those who unfamiliar, Paydiant’s mobile wallet platform is software-based and works with both new and existing smartphones, including: iPhone^® and Android™ devices and every transaction uses two-factor authentication and tokenization, with the goal to make it a very secure mobile payment method.

 “Paydiant’s platform enables us to offer both our financial institution participants and merchant partners their own branded mobile wallet,” said Judith McGuire, PULSE executive vice president of Product Management.

 “They have an outstanding reputation as a trusted and reliable partner to both financial institutions and retailers for delivering secure payment services. This, in combination with PULSE’s open approach to mobile payments, will certainly help advance mobile wallet adoption.” said Kevin Laracey, co-founder of Paydiant.

About PULSE

PULSE, a Discover Financial Services (NYSE: DFS) company, is a leading debit/ATM network, serving approximately 6,100 financial institutions across the United States. This includes more than 4,100 issuers with which PULSE has direct relationships and 2,000 additional issuers through agreements PULSE has with other debit networks. PULSE links cardholders with ATMs and POS terminals at retail locations nationwide. Through its global ATM network, PULSE provides worldwide cash access for Diners Club and Discover cardholders through 1.3 million ATM locations. The company also is a source of electronic payments research and is committed to providing its participants with education on emerging products, services and trends in the payments industry.

About Paydiant

Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access and offer redemption platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on an enterprise-class, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain – retailers, banks and payment processors – to control the next generation of payment solutions.