PYMNTS-MonitorEdge-May-2024

Discover

Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit, features that were disruptive to the existing credit card industry.

Source: discover.com

New York AG Investigating Proposed Capital One-Discover Deal
New York AG Investigating Proposed Capital One-Discover Deal
October 23, 2024  |  Acquisitions

New York Attorney General Letitia James is reportedly investigating Capital One’s proposed acquisition of Discover Financial Services. James asked a court for permission to issue...

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No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware
No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware
October 21, 2024  |  Mobile Wallets

Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a...

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Discover CFO: Cautious Consumers Cause Slide in Card Volume
Discover CFO: Cautious Consumers Cause Slide in Card Volume
October 17, 2024  |  Earnings

Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution...

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Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
Overdraft Revenue Dwindles: Tech Solutions Emerge Amid Regulatory Headwinds
September 24, 2024  |  Banking

Last year, overdraft fees charged by banks — representing a revenue stream tied to account use — slipped by 24% to $5.8 billion. The industry...

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Discover Global Network: How Harnessing Transaction Data Unlocks Spend Management and Reduces Fraud for Businesses
Discover Global Network: How Harnessing Transaction Data Unlocks Spend Management and Reduces Fraud for Businesses
September 23, 2024  |  Data

Data is the fuel driving today’s world toward a more connected, digital tomorrow. The right data can be valuable to businesses interested in driving results...

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Bank SEC Filings Show Higher Delinquencies, Charge-Offs as Consumers Load Up on Card Debt
Bank SEC Filings Show Higher Delinquencies, Charge-Offs as Consumers Load Up on Card Debt
September 17, 2024  |  Credit Cards

U.S. consumers are taking on more card debt than has been seen in years. And in recent weeks, filings by several big banks show that...

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Ex-Discover Exec Sues to Recoup Pay Ahead of Capital One Merger
Ex-Discover Exec Sues to Recoup Pay Ahead of Capital One Merger
September 05, 2024  |  Legal

A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. The lawsuit, filed Wednesday (Sept. 4) in federal court in...

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Discover Global Network Points to Social Commerce as Example of Shopping’s Digital Transformation
Discover Global Network Points to Social Commerce as Example of Shopping’s Digital Transformation
August 12, 2024  |  Social Commerce

The lines between social interaction and commerce are increasingly blurred, and they show no signs of separating, at least not anytime soon. “Social commerce takes...

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Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
July 23, 2024  |  Earnings

It’s earnings season for America’s biggest financial services companies and institutions. So far, the common theme has been a softening of consumer credit and mixed...

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