Discover Card Issuer Caps Off Year of Record Loan Growth
Record loan growth and declining delinquencies lifted Discover Financial Services to a net income of $513 million for the fourth quarter ending Nov. 30, a 47 percent jump from $350 million for the same period of ...
Discover-Amazon ‘Cashback’ Latest of Surging Rewards Offers
The term “cash back” has helped revitalize rewards programs and promotions in the aftermath of financial reform laws, and credit card issuers hope it’s the buzzword to snag shoppers as the holiday season looms.
Customers ...
Discover Beats Street: Sales Volume Up; Charge-Offs Down
Discover Financial Services, issuer of the Discover Card, today reported net income for its fiscal third quarter of $261 million, improved credit performance by customers and 5 percent higher sales volume compared ...
Discover: Small Business Confidence Plummets in August
Small business confidence dropped sharply on Discover’s national index in August, with 62 percent of owners seeing the economy as worsening and 55 expecting unfavorable conditions for their own business.
Discover’s ...
AmEx Ranks Highest in Credit Card Satisfaction: J.D. Power
American Express ranked highest in customer satisfaction for the fourth straight year, as overall satisfaction with credit cards edged upward, according to J.D. Power and Associates.
Satisfaction with all credit ...
Discover Reduces Lowest Eligible Student Loan Rate
Discover Student Loans, a division of the financial services more widely known for its credit card, said today it is reducing its lowest eligible interest rate to 3.75 percent.
In a statement, Discover said it is ...
Discover: Cash Flow Issues Dim Small Business Outlook
Discover’s index that measures small business confidence dipped to 86.1 in June from 87.4 last month, as concerns mount over cash flow issues and the outlook over the economy declines.
Small business owners reporting ...
Debit Card Issuers: 30% Likely to ‘Opt In’ for Overdraft Plans
Debit card issuers expect 30 percent of consumers to “opt in” to overdraft services under new rules that prohibit financial institutions from arbitrarily imposing fees for overdrawing an account.
Large banks ...
Discover Card: Confidence, Spending Goals Improving
Consumer confidence, bolstered by a positive outlook among young adults, surged to its highest level since November 2007 on Discover’s U.S. Spending Monitor.
The survey by the issuer of the Discover Card jumped ...
Discover’s March Report: Small Business Outlook Tumbles
Discover Card’s small business index measuring economic outlook took a 9.2 point dive to 75.7 in March, with a surge in owners who say their businesses are deteriorating.
The Small Business Watch index fell back ...




