Headquarters: Riverwoods, IL, United States
CEO: Mr. Roger Crosby Hochschild
USD as of April 1, 2022
Originally a credit card operator, Discover has expanded to banking with Discover Bank, which offers reward credit cards, online banking, home equity loans, student loans, and personal loans. Officially operating as Discover Financial Services, it also owns and operates the Pulse debit network and Diners Club International credit cards.
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.
Source: Wikipedia, retrieved on Feb. 18, 2021, 3:52 p.m.
Payment systems, Credit cards, Finance, Consumer banking, Loans
Roger Hochschild (CEO) David Nelms (Executive Chairman)
Revenue: US$12.95 billion (2020)
Operating income: US$1.44 billion (2020)
Net income: US$1.14 billion (2020)
Total assets: US$112.89 billion (2020)
Total equity: US$10.88 billion (2020)