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Discover
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1.6KPayment MethodsDiscover Makes All Deposit Accounts Fee-Free
Discover Financial Services said Monday morning (June 17th) that it has ended fees on deposit accounts. The company said in a release...
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6.1KDebtMixed Performance For Bank Credit Card Delinquencies In February
Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results. As...
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5.3KStartupsQuesnay Holds Women Founders Event At PayPal’s SoHo Office
To help female founders of FinTech firms, Wells Fargo, Discover and PayPal are working to help bring venture funds to FinTech startups...
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3.6KEarningsGarmin 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....
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4.2KMobile PaymentsDiscover, 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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2.9KEarningsDiscover’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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4.1KSizzle/FizzleFizzle 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...
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2.3KData DiveData 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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3.0KNewsFive 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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3.8KAmazonNew 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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5.0KB2B PaymentsDiscover 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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3.0KB2B PaymentsTicking 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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5.7KNewsFive 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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5.2KPersonnelDiscover 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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6.1KB2B PaymentsDiscover 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...
- 8.6KEarnings
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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2.9KNewsFive 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...
- 4.3KMerchant 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...
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3.5KEarningsDiscover 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...
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3.7KBlockchainDiscover 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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6.3KStartup Check-InDiscover 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...
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4.3KData DiveData 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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7.3KMerchant InnovationDiscover 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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5.7KMobile ApplicationsDiscover 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...
- 5.1KMerchant 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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3.7KApple PayApple 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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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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4.5KStartup Check-InFitPay 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...
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3.7KBankingBucking 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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3.8KGoogleGoogle 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...
- 4.7KDiscover
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...
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3.7KToday In DataToday 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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5.9KChatbots And CommerceAI/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...
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4.3KToday In DataToday 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...
- Payment Methods
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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6.1KPayment MethodsCredit, 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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6.5KAlternative FinancesIs 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...
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4.2KDebtAs 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...
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4.3KEarningsDiscover 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,...
- Payment Methods
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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3.5KPayment MethodsUber 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...
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3.6KInvestmentsPayments 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...
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5.0KThe Innovation ProjectMaking 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...
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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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2.4KData DiveThe 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...
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8.1KPayment MethodsPayPal, 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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11.8KPayments InnovationThe 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...
- Earnings
Chargeoffs Up In October For Discover
Discover Financial Services said via an 8-K filing with the Securities and Exchange Commission that its chargeoff rate in October was 2.4...
