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

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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Discover Global Network Launches Cloud-Based Network Tokenization Platform
Discover Global Network Launches Cloud-Based Network Tokenization Platform
October 12, 2023  |  Payments Innovation

Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. This platform aims to offer companies a scalable and flexible token...

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Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
October 09, 2023  |  Credit Cards

Store credit cards — the closed-looped offerings tied to certain merchants — may signal tougher times ahead. The rising costs of credit and the rising...

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Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
September 21, 2023  |  Credit Cards

PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last...

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Fit-for-Purpose Cloud Infrastructure Puts Payments in the Digital Fast Lane
Fit-for-Purpose Cloud Infrastructure Puts Payments in the Digital Fast Lane
September 11, 2023  |  Innovation

Digital business solutions aren’t a one-way street; they are an HOV lane. Digitizing network operations facilitates greater collaboration and data sharing between key stakeholders across...

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Discover Card Delinquency Rates Exceed Pre-COVID Levels
Discover Card Delinquency Rates Exceed Pre-COVID Levels
August 15, 2023  |  Credit Cards

Discover Financial says its credit card delinquency rate has topped pre-pandemic levels. In a filing Monday (Aug. 14) with the Securities and Exchange Commission (SEC), the company said...

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Discover Financial CEO Resigns Amid Regulatory Review
Discover Financial CEO Resigns Amid Regulatory Review
August 15, 2023  |  Credit Cards

Discover President and CEO Roger Hochschild has resigned from his post. The credit card provider announced the leadership change late Monday (Aug. 14), weeks after...

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EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
EMVCo Reports 12.8 Billion EMV Chip Cards In Circulation
August 10, 2023  |  Payment Methods

According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip...

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