BNET Industries
Discover Financial Services (DFS) is in the Financial Services Industry
- Revenue
- Nov 30 2007
- $2.8B
- Profit
- Nov 30 2007
- $588.6M
- Market Cap
- Jul 02 2008
- $6.5B
Latest News and Analysis
Credit Card Ghosts Haunt GE and MasterCard
Two titans of plastic are being bit on the backside by charge cards of yesteryear. First, MasterCard Worldwide agreed yesterday to pay $1.8 to rival American Express. The cash is part of a settlement of claims that Mastercard (along with Visa, which agreed to a $2.1 billion payment...
Discover Financial Services F2Q08 (Qtr End 05/31/08) Earnings Call Transcript
Discover Financial Services DFS
MasterCard Settles Lawsuit With American Express
By Dan Wilchins NEW YORK (Reuters) - MasterCard Inc, the world's second-largest credit-card network, said on Wednesday it will pay American Express Co AXP up to $1.8 billion to settle a lawsuit that said MasterCard and Visa blocked banks from issuing...
U.S. Credit Card Performance: More Deterioration in April
Research Recap submits: Credit card debt performance continued to deteriorate by most measures in April, but trusts appear well positioned to withstand higher losses, Moody’s says. Still Moody’s sees continuing signs that credit card borrowers are finding it increasingly difficult to become current once they fall behind in...
Discover Seeks $6 Bln in Case Vs Visa, MasterCard
By Martha Graybow NEW YORK (Reuters) - Discover Financial Services DFS wants roughly $6 billion in damages from larger rivals Visa Inc V and MasterCard Inc MA in a long-running antitrust lawsuit, court documents made public on Monday show. The claim was cited...
Discover Financial Services F1Q08 (Qtr End 02/29/08) Earnings Call Transcript
Discover Financial Services F1Q08 (Qtr End 02/29/08) Earnings Call Transcript
Additional Resources
Heartland Payment Systems Signs Merchant Acquiring Agreement with Discover Financial Services
Agreement provides merchants with one source for card processing, customer support and statements PRINCETON, N.J. -- Heartland Payment Systems (NYSE:HPY) and Discover Financial Services (NYSE: DFS), a leading credit card issuer and electronic payment services company, are joining together to offer business owners a streamlined process that enables...
Tizor Joins PCI Security Standards Council to Provide Industry Expertise and Help Enterprises Automate PCI DSS Compliance
Tizor systems, a leading provider of enterprisedatabase monitoring and protection solutions for the data center todayannounced that it has joined the PCI Security Standards Council as a newparticipating organization. As a Participating Organization, Tizor willwork with the Council to evolve the PCI Data Security Standard DSS andother payment card...
Evantix Joins PCI Security Standards Council as Newest Participating Organization
Evantix, provider of e-business risk andcompliance management solutions, announced today that it has joined the PCISecurity Standards Council as a new participating organization. As aParticipating Organization, Evantix will work with the Council to evolvethe PCI Data Security Standard DSS and other data protection standards. The PCI DSS, endorsed by...
Discover Financial Services Announces Second Quarter 2008 Earnings Release and Conference Call
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) plans to report its second quarter 2008 results before the market opens on Thursday, June 26, 2008. The earnings release will be available on Discover's corporate Web site at www.discoverfinancial.com. A conference call to discuss the firm's results, outlook and...
Cloakware Joins PCI Security Standards Council as Newest Participating Organization
Cloakware to Participate in Key Standards Setting Body Protecting Payment Cardholder Data VIENNA, Va. -- Cloakware Inc., the security solutions provider that makes security inseparable from software, announced today that it has joined the PCI Security Standards Council as a new participating organization. As a Participating Organization, Cloakware...
Dads Hoping for a Dinner Out, Homemade Gifts and Gift Cards This Father's Day, According to the Discover® Card Father's Day Shopping Survey
Shoppers Planning To Spend Slightly More On Dad Than They Did Last Year RIVERWOODS, Ill. -- Consistency is key when it comes to shopping for dad this Father's Day. Similar to last year's findings, a dinner out, a homemade gift and gift cards are the top items dads...
Seven Summits Research Releases Alerts on INTC, DIS, NMX, GENZ, and DFS
CHICAGO, June 5 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/060508A (Note: You may have to copy this link into your browser then press the [ENTER] key.) Today's PriceWatch Alerts...
Tufin Technologies Introduces New Payment Card Industry (PCI-DSS) Compliance Solution
Tufin Technologies, the market leader forSecurity Lifecycle Management solutions, today announced a new PCICompliance solution as part of SecureTrackTM, Tufin's security operationsmanagement product. SecureTrack provides the industry's most comprehensivePCI-DSS Audit Report for security devices, helping IT security teams meetthe standard's requirements in various control areas from network securityand data safety...
Fitch Affirms Discover Financial Svcs Long-Term IDR at 'BBB'; Outlook Stable
NEW YORK -- Fitch Ratings affirms Discover Financial Services Discover as follows: --Long-term Issuer Default Rating IDR at 'BBB'; --Short-term IDR at 'F2'; --Senior debt at 'BBB'; --Individual at 'B/C; --Support at '5'. The Rating Outlook is Stable....
Discover Financial Services to Take Investment-Related Write Down of up to $19 Million after Tax
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) announced today that in the quarter ending May 31, 2008, it expects to partially write down a previously disclosed investment in the asset-backed commercial paper notes of Golden Key U.S. LLC, which had invested in U.S. mortgage-backed securities. The estimated charge will...
Zacks Industry Rank Analysis Highlights: American Express, Capital One, Discover Financial Services, Home Depot and Wal-Mart
CHICAGO -- Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis includes American Express (NYSE: AXP), Capital One (NYSE: COF), Discover Financial Services (NYSE: DFS), Home Depot (NYSE: HD) and Wal-Mart (NYSE: WMT). To see the Zacks Industry Rank and the trend in earnings estimates revisions...
PCI Security Standards Council rolls new version of secure-payment application
LAS VEGAS -- The PCI Security Standards Council announced the release of version 1.1 of the Payment Application Data Security Standard, or PA-DSS, at the Electronic Transactions Association Annual Meeting and Expo here. The council was formed by the major payment card brands American Express, Discover Financial Services,...
Discover Financial Services to Present at Lehman Brothers Financial Services Conference
RIVERWOODS, Ill. -- Roy Guthrie, chief financial officer of Discover Financial Services, will present at the Lehman Brothers Financial Services Conference at Lehman's European headquarters in London on Tuesday, May 20, at 8:50 a.m. GMT. Presentation slides and a link to the live audio webcast will be posted...
Discover® Card Wins Brand Keys Customer Loyalty Award for 11th Consecutive Year
Commitment to Cardmembers' Needs Keeps Discover on Top of Credit Card Category RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) today announced that Discover([R]) Card is ranked No. 1 in customer loyalty among leading credit card brands, according to the 2008 Brand Keys Customer Loyalty Engagement Index([R]) report....
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- Incorporated: 1960
- CEO: Mr. David W. Nelms
Discover Financial Services is a credit card issuer and electronic payment services company. Co. offers credit and prepaid cards and other financial products and services under its Discover Card brand to various segments within the consumer and small business sectors in the U.S. and the U.K., and provides payment processing and related services to merchants and financial institutions in the U.S. In addition, Co. offers a range of banking products to its customers, including personal loans, student loans, certificates of deposit and money market accounts. As of Nov 30 2007, Co. operated in three reportable segments: U.S. Card, Third-Party Payments and International Card.
Key Competitors
Discover Financial Services Company Info
Board of Directors
Mr. Dennis D. Dammerman
Chairman
Ms. E. Follin Smith
Mr. Lawrence A. Weinbach
Mr. Jeffrey S. Aronin
Ms. Mary K. Bush
Mr. Gregory C. Case
Mr. Robert M. Devlin
Mr. Philip A. Laskawy
Mr. Michael H. Moskow
Mr. David W. Nelms
Mr. Michael L. Rankowitz
Contact Information
2500 Lake Cook Road
Riverwoods, IL
224 405-0900
NAICS Code
Credit Card Issuing: 522210Brought to you by IBMSponsored Resources
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