Allows debit cardholders in First Data's STAR Network to link their STAR debit card to PayPal account online, to make online purchases without entering debit card account information
First Data, a provider of electronic commerce and payments processing services, has signed an agreement with PayPal to allow debit cardholders in First Data’s STAR Network to link their STAR debit card to a PayPal account online.
Reportedly, with the STAR online partner service, consumers can enroll for a PayPal account through their financial institution’s internet banking site. Once registered, they can use their debit card to fund their PayPal account to make online purchases without having to enter debit card account information or expose their debit card number to merchants for each purchase.
Julie Saville, vice president, STAR Network, said: “This innovative new service helps address consumers’ fears of using a debit card online because it allows STAR members’ customers to securely use their STAR-branded debit card to fund their PayPal accounts. As more and more consumers move to online shopping and banking and we continue to see an increase in e-commerce, this new service gives our issuing financial institutions one more way to grow relationships with their customers, reduce their costs and increase revenues.”
Jack Stephenson, senior vice president, PayPal, said: “First Data’s STAR Network is the first company to use the PayPal debit access service which we are introducing to financial institution networks globally.”