Discover

Garmin Earnings Boosted By Smartwatch Popularity

With the demand for watches by outdoor adventurers bolstering earnings, Garmin’s stock reached its highest point in 11 years, rising 17 percent....

Discover Cardmembers Can Now Use Garmin Pay

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Mobile Payments

Discover, Garmin Pay Team On Payments

Discover, the payments company, and Garmin International announced on Monday (Jan. 28) that Discover cardmembers can now make payments using Garmin Pay, a...

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Discover’s Q4 Revenue Narrowly Misses Wall Street Expectations

While Discover Financial Services reported a 78 percent increase in its fourth-quarter earnings, the company missed Wall Street expectations by 3 cents....

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Sizzle/Fizzle

Fizzle Of The Week: The Incredible Shrinking Rewards Offerings

In the wake of the Great Recessions, Americans en masse got awfully nervous about opening new accounts and using credit cards. Open accounts peaked...

Data Dive: Store Cards and Lending Regulations

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Data Dive

Data Dive: Walking The Walk Edition

There is an election in the U.S. tomorrow, a hotly contested one on many fronts. In the months leading up to it,...

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News

Five At Five: Discover Makes Friends With Amazon

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the nice things Discover’s...

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Amazon

New Discover CEO Says Amazon Not A Foe

Payments company Discover‘s new chief executive officer doesn’t believe that banks should be worried about tech giants like Amazon. “I view them...

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B2B Payments

Discover Rolls Out New Business Credit Card

Discover is adding to its suite of commercial card products. Its newest offering, the Discover It Business credit card, was announced in...

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B2B Payments

Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

The revelation that U.S. businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad....

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News

Five At Five: Bitcoin Trader Sentenced Following Federal Jury Conviction

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes a 41-month...

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Personnel

Discover Names Roger Hochschild As Chief Executive

Discover Financial named current President and COO Roger Hochschild to succeed David Nelms as chief executive, starting in October. Nelms, who has...

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B2B Payments

Discover Joins Initiative To Create B2B Payments Directory

Discover Financial Services is pushing for digitization of B2B payments in the U.S. through a collaboration with the Business Payments Directory Association...

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Discover Sets Pullback in Personal Loans, Touts Strong Q2 Results

Discover Financial Services Inc. reported an increase in second quarter earnings as the credit card issuer had strong loan and revenue growth...

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News

Five At Five: Alibaba Makes A Move In South Asia

Welcome to Five at Five, your late look at some of the freshest payments news of the day. Today’s stories focus on...

Merchant Innovation

Discover Forgives Fees — Well, Some — For Checking, Savings And Money Market Customers

Discover is in a forgiving mood. The payments company on Tuesday (May 8) launched a fee forgiveness program that applies to Discover’s...

3.3K

Discover Books Q1 Profit Gain, Touts Checking Product

Discover Financial Services posted a double-digit growth in payment services transactions in the first quarter of 2018, as its leadership reported early...

Blockchain

Discover Joins The Chamber Of Digital Commerce Executive Committee

The Chamber of Digital Commerce announced news on Tuesday (April 17) that Discover Financial Services, the payments company, has been added to...

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Startup Check-In

Discover Phase: FitPay Adds Major Payment Network To Platform

FitPay, the startup technology platform that adds contactless payment capabilities to wearable and IoT devices, has announced a partnership with Discover. Co-founders...

Data Dive

Data Dive: The Good, The Bad And The Ugly Edition: Discover, JPMC And Toys R Us

Last week had plot twists in the payments and commerce ecosystem. We found out Google was hitting reset on its mobile payments ambitions. We learned,...

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Merchant Innovation

Discover Launches Cashback Checking Account

Discover, the payments company, announced news on Tuesday (Feb. 20) of the debut of a new rewards program for its Cashback Checking...

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Mobile Applications

Discover Mobile App Unlocks With FaceID On iPhone X

Discover has announced that cardmembers and Discover Bank customers who have an iPhone X can now use the Face ID technology to...

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Merchant Innovation

Discover Latest To Ditch Signatures At POS

Discover, the payments company, announced news on Wednesday (Dec. 6) that as of April 2018, customers will no longer be required to...

Discover

Discover Enables Apple Pay Cash

Discover has announced that transactions made with Apple’s new Apple Pay Cash card will leverage the Discover Network. The card is part...

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Apple Pay

Apple Pay’s Hard Road To Toe In India

Apple, Inc. is eyeing the payments market in India, according to Eddy Cue, the company’s senior vice president for Internet Software and...

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Apple Pay

Discover Lets Customers Redeem Rewards Via Apple Pay

Payment processing company Discover announced Wednesday (Oct. 11) that its cardmembers can now redeem Cashback Bonus for a statement credit through Apple...

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Startup Check-In

FitPay and NXT-ID: Securing Contactless Payments One Device At A Time

Gone are the days where most people kept a few dollars in their wallets. Today’s consumers are turning to card and contactless...

Banking

Bucking The Recent Trend, Discover’s Charge-Offs Fell Last Month

As concerns about consumer debt and consumer debt delinquency are rising — and as the instances of both are also on the...

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Google

Google Developing Technology To Compete With Snapchat Media Content

Google is developing technology that will allow publishers to create visually oriented media content much like Snapchat’s Discover. The Wall Street Journal...

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Discover

Discover Partners With Jewel-Osco To Fight Hunger In Illinois

Discover announced in a press release that it is has partnered with Jewel-Osco in a campaign to fight hunger in Illinois. The...

Today In Data

Today in Data: Strong Earnings For All!

When it comes to earnings time, there is no company that’s not hoping for a positive outcome. From social media giants like...

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Discover Reports 8 Percent Increase In Q2 Credit Card Loans

Discover Financial Services announced news of its second quarter earnings results to Wall Street on Wednesday (July 26) that showed total loans...

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Chatbots And Commerce

AI/BOT: Where Do Chatbots Go From Here?

Within the past year, Facebook’s Messenger has been responsible for the boom in chatbot growth. With more than 100,000 businesses creating interactive...

Today In Data

Today In Data: Conquering New Territory

A global marketplace requires a global economy, and these players are scooping up territories like it’s Settlers of Catan. Online shoppers and...

Discover Pact Desjardins Group Deal Expands Canadian Footprint

Discover Global Network, the unit of Discover Financial Services, announced Wednesday (May 24) it has entered into an agreement with Desjardins Group,...

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Credit, Debit, Prepaid Card Purchases Increased 7 Percent In 2016

Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to...

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Alternative Finances

Is It Officially Time To Start Worrying About Consumer Credit?

Signs of increasing weakness in consumer credit have been mounting for the last several months. Auto lending, particularly to subprime borrowers, has...

Debt

As Consumers Take On More Debt, Credit Card Losses Rise

As U.S. consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs...

Discover Misses In Q1

Shares of Discover Financial Services (DFS) slid about 5 percent in after-hours trading after the release of the company’s Q1 earnings report,...

Discover Joins Walmart’s Campaign To Fight Hunger

Discover, the credit card company, announced Monday (April 17) it is participating in Walmart’s “Fight Hunger. Spark Change.” campaign. In a press...

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Uber Drivers Embrace Instant Pay

Last year Uber, the ride-hailing app, rolled out Instant Pay in an effort to get drivers to get paid right away, and...

Investments

Payments Stocks Skew To The Downside

Stocks rose and fell with all eyes on the Trump administration’s and Congress’ efforts to get health care reform passed. Obviously those...

4.9K

The Innovation Project

Making The Virtual Future Of Commerce A Reality

The payments industry is on the verge of a new (virtual) frontier. Virtual reality (VR) and augmented reality (AR) aren’t just the...

Discover Beats The Street On The Strength Of Strong Loan Growth

Some strong news out of Discover Financial yesterday as it reported its Q4 2016 earnings — the Riverwoods, Ill.-based financial services firm managed...

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Data Dive

The Dive: Discover Joins The PayPal Party, CFPB’s Little Reset And Apple’s Mounting Headaches

The Greatest Show on Earth is no more. After over 100 years, the Ringling Bros. and Barnum & Bailey Circus will take its...

7.8K

PayPal, Discover Ink POS Deal — Cashback As Tender Type

Discover Financial Services and PayPal inked a deal in which PayPal will be more available to Discover card members, acquirers and merchants....

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Payments Innovation

The Traditional Payments Player Role In The FinTech World

As the payments ecosystem continues to evolve, FinTechs are leading the charge in transforming everything from operational efficiencies to business models, and...