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June 4, 2024

On the web

June 3, 2024

On the wires

May 14, 2024

On the web

Agencies Announce Public Meeting on Proposed Acquisition by Capital One of Discover; Public Comment Period Extended

Board of Governors of the Federal Reserve System

"The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois...The purpose of the public meeting is to collect information from a wide range of stakeholders as the agencies evaluate the applications."

April 24, 2024

On the web

February 20, 2024

Top Post

February 19, 2024

On the web

November 30, 2023

On the web

October 18, 2023

On the web

October 12, 2023

On the wires

August 17, 2023

On the wires

August 10, 2023

On the wires

PULSE® Extends Debit Fraud Detection Agreement with FICO®

Businesswire

"PULSE, a Discover® Financial Services company and operator of the PULSE debit network, has agreed to an extension of its partnership with global analytics software provider FICO. PULSE and FICO collaborate to deliver market-leading fraud-detection technology that reduces losses and risk exposure for financial institutions, merchants and consumers worldwide."

July 5, 2023

On the web

June 6, 2023

On the wires

January 18, 2023

On the wires

Discover® Global Network Launches Transit Solution Internationally

Businesswire

Discover® Global Network, the payments brand of Discover®, has launched Tap and Pay solutions with transit agencies and local acquiring partners such as EMT Madrid, Metro de Seville and GetNet in Spain, Mennica in Poland and New Taipei Metro in Taiwan. Riders may now use their Discover, Diners Club International® and network alliance partner cards to make contactless payments at these transit agencies in top international destinations.

October 28, 2022

On the wires

Discover Global Network Study Finds Open Banking Relevant to 78% of Fintechs

“The second annual research study by 451 Research, a part of S&P Global Market Intelligence, and commissioned by Discover® Global Network identifies emerging trends shaping the fintech ecosystem, including connected commerce, open banking, embedded finance and real-time payments. According to this year’s Fintech State of the Union, 78% of fintechs said that open banking technology is “relevant” to their business. This is likely because of the positive consumer sentiment that fintech institutions are experiencing with regard to open banking technology. In fact, the research from Discover and 451 revealed that 68% of consumers like open banking because it results in faster credit approvals. The study also revealed that over 6 in 10 fintechs (63%) show a strong interest in partnering with a payment network to develop open banking solutions.”

October 24, 2022

On the web

Discover Global Network Study Finds Open Banking Relevant to 78% of Fintechs

Businesswire

“The second annual research study by 451 Research, a part of S&P Global Market Intelligence, and commissioned by Discover® Global Network identifies emerging trends shaping the fintech ecosystem, including connected commerce, open banking, embedded finance and real-time payments. According to this year’s Fintech State of the Union, 78% of fintechs said that open banking technology is “relevant” to their business. This is likely because of the positive consumer sentiment that fintech institutions are experiencing with regard to open banking technology. In fact, the research from Discover and 451 revealed that 68% of consumers like open banking because it results in faster credit approvals. The study also revealed that over 6 in 10 fintechs (63%) show a strong interest in partnering with a payment network to develop open banking solutions.”

May 2, 2022

On the web

May 19, 2021

On the wires

Arab Financial Services and Discover Sign Network Alliance Agreement

“Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, and Discover, a digital banking and payments services company, have signed a strategic network alliance agreement that will increase the global acceptance footprint for both organizations. The agreement will initially give Discover, Diners Club International and network alliance cardholders the ability to use their card on AFS Android-based point-of-sale (POS) terminals across the Kingdom of Bahrain. All AFS POS terminals are enabled for contactless debit and credit card payments.”

March 23, 2021

On the wires

Discover Announces Alliance With Malaysia’s PayNet to Expand Worldwide Acceptance

“Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia. The agreement complements Discover’s strategy of growing acceptance in Asia Pacific to support existing partners in countries such as Singapore, India, China and Japan by potentially opening acceptance at 10,000 ATM locations and more than 570,000 point-of-sale terminals throughout Malaysia.”

February 17, 2021

On the wires

Discover Recognized As The First Digital Bank To Meet Bank On’s Certification Standards

Cashback Debit , the online checking account from Discover, was recently certified by the national nonprofit organization, Cities for Financial Empowerment (CFE) Fund. The CFE Fund’s mission is to improve the financial stability of low and moderate income households by embedding financial empowerment strategies into local governments. The CFE Fund developed the Bank On National Account Standards, which support financial institutions’ efforts to connect consumers to secure and low-cost bank accounts. Discover is the first digital bank to meet the Bank On’s certification standards with the no fee1 Cashback Debit account.”

November 10, 2020

On the wires

areeba and Discover sign Network Alliance Agreement

“areeba and Discover signed a strategic agreement that increases the global acceptance footprint for both organizations. The agreement gives Discover, Diners Club International, PULSE and Network Alliance cardholders the ability to use their cards on the areeba network, which includes Point-of-Sale (POS) and e-commerce platforms across Lebanon.”

July 8, 2020

On the wires

Saudi Payments and Discover Sign Network Alliance Agreement

“Discover and Saudi Payments signed a strategic agreement that will increase the global acceptance footprint for both organizations. The agreement will give Discover, Diners Club International, PULSE and network alliance cardholders the ability to use their card on the mada network. This includes at Point-of-Sales (POS), on e-commerce platforms and at ATMs across the Kingdom. It also allows Saudi banks to issue cards that will be accepted on the Discover Global Network for international purchases and cash access outside of the Kingdom.”

April 24, 2020

On the web

Discover Card CEO Details Shocking Drop in Consumer Spending With Travel Category Down 99%

CNBC

“It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and job losses mount. But the head of credit card company Discover Financial Services offered an inside glimpse at just how grim the picture is right now. During an earnings conference call on Thursday, Discover CEO Roger Hochschild broke down cardholders’ spending patterns this month in different categories amid the coronavirus crisis.”

December 12, 2019

On the wires

Discover remains the most widely accepted card scheme worldwide

“New research from RBR shows that Discover remained the most widely accepted card scheme worldwide at the end of 2018. RBR’s Global Payment Cards Data and Forecasts to 2024 shows that Discover cards can be used at 55.9 million merchant outlets, 79% of the global total. Discover benefits from reciprocal network-to-network agreements with UnionPay, JCB and BC Card, providing acceptance for Discover at all outlets in China, Japan and South Korea – it is worth noting that if China is excluded, Discover is accepted at only 68% of the world’s outlets. These agreements also mean that UnionPay and JCB are second and third respectively in terms of acceptance, as they can be used at a large number of US outlets in addition to their home markets”

September 4, 2019

On the web

Discover and Verve Mark Launch of Verve Global Card With First Transaction Event

Payments Afrika

“Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally. This will expand Verve’s existing suite of tailored payment products and solutions for its customers.”

June 10, 2019

On the web

Discover Enters Alliance With Bulgaria’s Borica AD on Payment Card Acceptance

Mobile Payments Today

“Borica AD, the owner of Bcard, the national payment system in Bulgaria, announced an agreement with Discover Financial Services to provide acceptance of the card outside of the country using Discover’s global payment network. Bcard will collaborate with the payment network to develop integration of Discover’s EMV contact, contactless and mobile solutions as well as D-PAS for international payment, according to a company release.”

June 5, 2019

On the wires

Geoswift to Expand Acceptance Globally for Discover Global Network

“Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, has partnered with Discover Global Network, the payments brand of Discover, allowing Geoswift’s merchants to accept more methods of payment than ever before. Geoswift merchants will now have the ability to accept Discover, Diners Club International and affiliate network card payments.”

May 28, 2019

On the wires

March 1, 2019

On the wires

Barclaycard UK Merchants to Accept Cards That Run on the Discover Global Network

“Accepting these payment methods allows Barclaycard’s merchants to process transactions from the customers of Discover Global Network’s more than 10 network alliance partners and 55 countries where Diners Club cards are issued. Cardholders are now able to pay at over 110,000 of Barclaycard’s UK merchants both in-store and online, with thousands more merchants set to start accepting Discover Global Network cards over the course of the year.”

January 18, 2019

On the web

Discover increase acceptance in Nordics through Nets

Payments Cards & Mobile

“Diners Club International, a part of the Discover Global Network has signed an agreement with Nets, a leading to help expand Discover Global Network acceptance in Norway, Sweden, Denmark and Finland. Today, Nets offers customers one of the widest ranges of payment brands in the Nordics, including both local payment schemes and international payment brands. With this agreement, Nets will work with current and prospective merchant partners to help provide increased acceptance of Discover, Diners Club International, PULSE and affiliate network cards across these markets.”

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