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 23 2008
- $7.3B
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...
Additional Resources
Discover Financial Services Ranks among Top 100 Workplaces for Information Technology Professionals
Computerworld's annual list based on work environment, benefits and employee survey RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) announced today that IDG's Computerworld has rated it as one of the Best Places to Work in IT for 2008. Discover has been on the list of the top...
Discover Financial Services Recognized as One of CIO Magazine's Top Technology Innovators
Annual List Honors Best Use of Technology to Produce Business Value RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) announced today that it has been recognized by CIO magazine as one of the top 100 organizations that exemplifies operational and strategic excellence in information technology. The CIO 100...
BluePay Processing, LLC Joins PCI Security Standards Council as Newest Participating Organization
- BluePay Processing, LLC to participate in key standards setting body protecting payment cardholder data - NAPERVILLE, Ill., July 2 /PRNewswire/ -- BluePay Processing, LLC, a Tier 1 ISO, announced today that it has joined the PCI Security Standards Council as a new participating organization. As...
Discover® Card Rewards U.S. Troops and Their Families This Independence Day Through Labor Day with Double Cashback Bonus® on Purchases Made at U.S. Military Bases Worldwide
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) announced today that they will be giving Double Cashback Bonus[R] or Double Miles to all Discover Cardmembers who make purchases at U.S. military bases from July 4th through Labor Day. Double rewards will be given automatically on up to $1,000 in Discover[R]...
Discover Financial Services Completes Diners Club Acquisition
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) today announced the completion of its acquisition of Diners Club International from Citi (NYSE: C). "Discover will significantly enhance its competitive position in the global payments business through this acquisition," said David Nelms, chief executive officer of Discover. "It provides...
Camden National Bank Joins PULSE® Network
Participation of 133-Year Old Maine Bank Reflects Network's Growth in Northeast U.S. HOUSTON -- Camden National Bank, a $2.29 billion bank based in Camden, Maine, has joined the PULSE ATM/debit network. The bank will utilize PULSE for PIN debit and ATM transactions. A full-service, independent community...
Fitch Affirms Discover Bank's Credit Card Seller/Servicer Rating
NEW YORK -- Fitch Ratings has affirmed the following Discover Bank DB Credit Card Seller/Servicer Rating: --ABS Credit Card Seller/Servicer at 'Proficient Plus' The rating is based on Discover's exceptional customer service, effective use of technology, and solid processes and procedures. The company has continually scored...
Discover Financial Services Reports Second Quarter Results: Net Income of $234 Million and Earnings Per Share of $.48
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) today reported net income for the second quarter of 2008 of $234 million, or $.48 per share, as compared to $209 million, or $.44 per share, in the second quarter of 2007. Reported results included income from continuing operations of $202 million,...
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...
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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