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)

Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
March 11, 2024  |  Credit Cards

In 1955, the island nation of Borneo was in the throes of a serious malaria virus outbreak. It turned to The World Health Organization for...

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Report: JPMorgan Considered ‘Company-Changing’ Discover Deal
Report: JPMorgan Considered ‘Company-Changing’ Discover Deal
March 07, 2024  |  Acquisitions

Before Capital One acquired Discover Financial last month, J.P. Morgan Chase reportedly considered its own bid. The country’s largest bank spent roughly a year exploring...

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FIS Eyes Recurring Banking Solutions Growth After Sale of Worldpay Stake
FIS Eyes Recurring Banking Solutions Growth After Sale of Worldpay Stake
February 26, 2024  |  Digital Banking

Fidelity National Information Systems (FIS) reported fourth-quarter earnings results that showed momentum in recurring revenue metrics as financial institutions expand their digital banking initiatives and...

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Capital One to Become Global Payments Network With $35.3B Discover Financial Acquisition
Capital One to Become Global Payments Network With $35.3B Discover Financial Acquisition
February 19, 2024  |  Acquisitions

Capital One is acquiring Discover Financial in a deal that brings together two of the largest credit card companies in the United States. Bloomberg reported...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
January 18, 2024  |  Earnings

Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a...

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Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
January 05, 2024  |  Payments Innovation

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public...

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Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
November 20, 2023  |  Credit Cards

Citi Mobile made moves in this edition of PYMNTS’ Provider Ranking of Credit Card Apps. Venmo, which was previously No. 1, fell to make room...

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Discover Expects Charge-Offs to Peak in Mid-2024
Discover Expects Charge-Offs to Peak in Mid-2024
October 19, 2023  |  Earnings

As 2023 winds down, Discover is eyeing 2024 and its increasing charge-off rate. “So what we’ve said previously is we expect charge-offs to peak sometime around the...

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