Discover Financial

Diners Club opens its credit card brand franchise in Russia

July 7, 2011 - 3:54am | News | Plastic cards

Diners Club International, a subsidiary of Discover Financial Services, has partnered with Russian Standard Bank (RSB) to form a new Diners Club International franchise in Russia. RSB will assume all responsibility for the Diners Club brand and business in Russia and Ukraine in issuing and acquiring.

Credit card | Diners Club International | Discover Financial | Russian Standard Bank

1 point

BofA, Capital One and Discover report the credit card charge-off figures

January 15, 2010 - 11:48am | Figures | News

Bank of America and Capital One released their credit card reports which show consumers were stressed through the holiday shopping season. Discover Financial also reported its figures.

Bank of America had the highest default and delinquency rates of the three companies that reported early on Friday. The rate of charge-offs here increased last month to 13.53% from 13.00% in November. Credit card delinquencies fell to 7.44% in December from 7.69% the previous month.

1 point

Oberthur contactless stickers are now compatible with Discover terminals

November 30, 2009 - 11:15am | News | Mobile finances

Oberthur Technologies' contactless sticker product, FlyBuy Sticker, has been granted type approval by Discover Financial Services, a leading U.S. credit card issuer and global electronic payment services company. Discover's type approval process ensures that the Discover Zip contactless payment application properly operates on the FlyBuy Sticker and that it is also interoperable with Discover-certified payment terminals.

contactless payments | Discover Financial | Oberthur Technologies | payment terminal

-1 points

InformationWeek honors Discover for online spending management tool

October 5, 2009 - 12:11pm | News | Plastic cards

The creation of customized online tools that help consumers manage debt and analyze their spending earned Discover a place on the 2009 InformationWeek 500 annual list of the most innovative users of information technology.

InformationWeek recognized Discover for launching an innovative series of online financial planning tools to help consumers get a clearer view of their spending behavior, manage their debt better and empower them to make smart financial decisions. This is the fourth consecutive year that Discover has made the list.

debt management | Discover Financial | InformationWeek | online financial planning | spending

0 points

Discover cardholders can receive account information on their mobiles now

May 28, 2009 - 9:16am | News | Plastic cards

Discover Financial Services introduced a new service known as Mobile Reminders. As reported in the official statement the service was developed to help cardmembers stay on top of their accounts and help manage debt better. With Mobile Reminders cardmembers will be able to have more control over their finances and easier access to their Discover® Card accounts.

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USAA found as excellent credit card provider, AmEx and Discover found as good

May 27, 2009 - 6:44am | News | Plastic cards

Forrester Research’s Customer Experience Index (CxPi) showed that credit card providers took sixth place out of 12 industries included in the report ending up with an overall “okay” rating of 68%. According to the report the ending up with an overall “okay” rating of 68%.

On the top of the list with an “excellent” rating of 91% there was USAA followed by two

-1 points

Discover Financial reports higher income at the expense of litigation settlement

March 20, 2009 - 9:26am | Figures | News

On Thursday Discover Financial Services (DFS), a credit card issuer and electronic payment services company, uncovered the results for the first quarter 2009. The report showed that the company had higher first quarter profits owing to a gain from an antitrust litigation settlement. Meantime the company also announced that it reduced its quarterly dividend to enhance its capital base.

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A new tool from Discover Financial to control spending

February 18, 2009 - 9:21am | News | Plastic cards

A new instrument was introduced this week by Discover Financial Services. The company announced about the launch of its Spend Analyzer, an innovative, easy-to-use online tool designed to help Discover® Cardmembers get a clearer view of their spending behavior with the thorough information provided on where their money goes.

Credit card | Discover Financial | payment card | personal information | spending

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Discover's chairman leaves for AIG, new appointment

January 16, 2009 - 4:37am | News | Other themes

This week Discover Financial Services announced the appointment of its chief executive officer as chairman of the board. Former chairman Dennis Dammerman who is leaving the company to serve as director of American International Group Inc. will be succeeded by David Nelms. Dammerman held the position of Discover's chairman since the company's spinoff from Morgan Stanley in June 2007.

AIG | David Nelms | Dennis Dammerman | Discover Financial

0 points

First US biodegradable card will come from Discover Financial

December 10, 2008 - 2:31am | News | Plastic cards

The first credit card made of biodegradable material is now available for American consumers. Discover Financial Services introduced its biodegradable Discover® Card option which today is the only financial product of the kind existing in the USA. Kelly Tufts, director of marketing planning & strategy at Discover Financial Services, notes that the new card will allow environmentally conscious consumers to do their part to help protect our planet.

Discover Financial | environment | Plastic card | US

0 points

A sponsorship agreement between Moneris and Cynergy Data

November 6, 2008 - 4:28am | News | Payment systems

A multi-year agreement was signed by Moneris Solutions, one of North America's largest payment processors, with Cynergy Data, one of the payment industry's largest and most established Independent Sales Organizations. Under the terms of the deal Moneris Solutions will provide Cynergy Data as well as its own registered ISOs and their merchants with bank sponsorship and settlement services.

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Q3 results reported by MasterCard

November 4, 2008 - 3:10am | News | Plastic cards

[img_assist|nid=7097|title=|desc=|link=none|align=left|width=100|height=62]MasterCard Incorporated released its third quarter report. Net income in the third quarter 2008 was $322 million, or $2.47 per diluted share, excluding a special item, and a net loss of $194 million, or $1.49 per diluted share, including the special item -- a $515.5 million net after-tax charge related to an antitrust litigation settlement between MasterCard and Discover Financial Services.

Credit card | Discover Financial | MasterCard | third quarter results

0 points

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