Discover Financial Services released its second-quarter earnings report on July 23, announcing a 15 percent rise in quarterly profit, according to an SEC filing. The company earned $602 million over the three-month period, or $1.20 per share. These figures were up from the $525 million...
Maryland-based fee-free ATM network provider Allpoint Network announced a new partnership with Discover on July 22, a press release for the company said. Discover card users can now gain free access to cash at Allpoint’s network of 43,000 ATMs. “In the direct banking environment, account...
What leads an established payments powerhouse to reengineer an already popular platform? According to Julie Loeger, SVP of brand and acquisition at Discover, the answer is simple: listening to the consumer. PYMNTS.com spoke with Loeger to get a behind-the-scenes look at the creation of Discover’s...
As part of a move to “strengthen issuer relationships,” Visa Offers announced a processing enhancement on May 13 that aims to make altering and redeeming discounts through the platform an easier, more effective experience for both merchants and their customers. “Visa has a long history...
Really and truly solving the B2B payments’ problem over the years has been a little bit like proving Fermat’s last theorem – lots and lots have tried and a few have even gotten pretty close. But no one has been able to enter the market...
On August 22, 2012, Discover and PayPal announced a partnership that positioned the two entities as real threats to the established payments landscape. Now, just eight months later, we’re starting to see the fruits of that partnership, as Discover’s offline PayPal operating rules officially came...
Scott Goldthwaite was named new Senior Vice President of Operations at ROAM less than two weeks ago, on April 1, 2013. A man with experience at payments innovators such as Payment Planet, Hypercom, WAY Systems and other companies, Goldthwaite’s resume speaks for itself when it...
Welcome to Day One of PYMNTS.com’s Mobile World Congress 2013 Recap: a comprehensive look at all the most important payments announcements and coolest stories from MWC2013 in Barcelona, Spain. We will be live on-site for all four days of the conference and aim to bring...
It’s obvious that the global payments ecosystem is undergoing rapid innovation. What’s less apparent is what’s causing such change. To discuss some of the key factors that drive the global payments system, Market Platform Dynamics CEO Karen Webster spoke with Matt Friend, managing director at...
