Skipify and Discover to enhance tokenization and digital payments
CIOTechOutlook Team | Friday, 14 March 2025, 14:04 IST
Skipify, a prominent financial technology firm transforming the checkout process, today revealed its collaboration with Discover Global Network, a top global payment network that links millions of merchants and cardholders in over 200 countries and territories globally. The technological partnership is designed to offer a more straightforward and improved checkout experience for Discover cardholders, boosting shopper satisfaction and providing better authorization, conversion, and security for participating Discover merchants via Skipify's payment framework.
In the initial stages of the project, Skipify will incorporate advanced tokenization technology from the Discover Network, improving security by substituting sensitive card details with encrypted tokens. Both cards that are automatically provisioned and those entered manually in Skipify will be tokenized through Discover, with the goal of decreasing fraud and protecting customer information during the transaction. The improved security can also boost authorization and conversion rates for merchants, providing a more smooth and enjoyable experience for both them and their customers.
Skipify's partnership with Discover represents a mutual dedication to progressing the future of commerce via innovation. Both companies will keep synchronizing product development plans to create new digital shopping experiences that address the changing demands 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."
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