Discover Financial Services

137 results about this entity

Period: 04 Oct 2004 - 10 Dec 2024

Barclays swallows Goldfish

The UK's Barclays Bank has signed a definitive agreement to acquire the Goldfish credit card business from Discover Financial Services for around £35 million in cash.

Discover writes off $422m on Goldfish

Discover Financial Services is to write down the value of its Goldfish credit card business in the UK by up to $422 million due to the "very challenging" consumer credit environment in Britain.

Visa talks up merchant PCI compliance

Card association Visa says 65% of the largest US merchants are now compliant with the Payment Card Industry Data Security Standard (PCI DSS), up from 36% in December 2006.

Discover to pilot mobile payment system

Morgan Stanley credit card unit Discover Network is working with Motorola to trial a combined mobile account management and payment service.

Morgan Stanley to spin off Discover

US investment bank Morgan Stanley is to spin off the Discover credit card business in an effort to enhance shareholder value.

PCI security standards council established

US card issuers American Express, Discover Financial Services, MasterCard and Visa, along with Japan's JCB, are forming an independent council that will manage the on-going development of the Payment Card Industry (PCI) data security standards.

Discover and JCB ink network access deal

Morgan Stanley unit Discover has inked a deal with Japanese card issuer JCB that will allow its US customers to use their cards to pay for purchases made in Japan.

MasterCard shortchanged on currency conversions; extolls Paypass as cash substitute

MasterCard chief Robert Selander says the newly-independent card association has set aside $89 million to settle a currency conversion lawsuit, but cautions that other pending run-ins with merchants and rival card issuers will likely prove more intractable.

Discover ahead in online credit card competition

Discover, American Express and Chase provide the best online experience for prospective card customers according to a US study conducted by California-based Keynote Systems.

Discover takes on Visa and MasterCard in signature debit market

Morgan Stanley credit card unit Discover Financial Services is to take on Visa and MasterCard's strongholds in signature debit provision with the launch of Discover Debit.

Morgan Stanley decides to keep Discover

Morgan Stanley's new CEO John Mack says the firm will not spin-off its Discover credit card unit, reversing a previous decision made by former chief executive Philip Purcell.

Discover cafe introduces biometric payments

Employees of card scheme Discover can now pay for their purchases in the company cafeteria at the touch of a finger using technology from biometric outfit Pay By Touch.