Tag Archives: Discover

Discover to begin issuing debit cards

Emily Crone

The only form of plastic Discover Financial Services has issued since its beginnings in 1986 is credit cards. After recently signing an agreement with PULSE, an ATM/debit network owned by Discover, and seven other financial institutions, the company will now issue debit cards as well.
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Discover buying Diners Club International

Emily Crone

Today Discover Financial Services announced that it will acquire the Diners Club International network from Citigroup for $165 million. Upon required regulatory approvals and conditions, the acquisition should close within three months.
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Trend spotlight: Designing your own card

Emily Crone

It used to be that credit cards were drab, outfitted in lackluster, monotone backgrounds. They’ve never been anything to brag about — until now. The age of personalized credit cards has dawned, and you can now customize your plastic with a monogram, a family portrait or even your dog’s cute little face.
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Discover posts weaker earnings, higher charge offs

Jeremy Simon

Credit card issuer Discover Financial Services reported a decline in first-quarter earnings, as the company suffered a loss related to the sale of United Kingdom credit card division Goldfish. Meanwhile, Discover said its domestic credit card unit experienced a 6 percent drop in pretax income amid a higher provision for loan losses — money set aside to cover loans that may go unpaid in the future.
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