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 ...

Discover: Credit Card Late-Pays Ease, But Sees 1Q Loss

Discover Financial Services sees a more positive outlook for 2010 with a stabilizing credit card delinquency rate, but it took a net loss of $104 million, or 22 cents a share, in the first quarter ended Feb. 28 ...

Discover Card Issuer Expects 1Q Loss, Boosts Credit Reserves

Although its credit delinquency rate may have leveled off, Discover Financial Services is boosting its reserves to cover loans deemed uncollectible by $305 million, and it expects to report a first-quarter loss ...

Discover Spending Study: Consumer Cutbacks Ease

The U.S. Spending Monitor index from the issuer of Discover credit cards rose 2.3 points to 87.5 as the economic outlook from consumers improved, indicating an easing of spending cutbacks fostered by the prolonged ...

American Express, Discover Educate on Credit Card Reform

On the day landmark credit card laws took effect and made headlines worldwide, American Express and Discover released statements seeking to educate customers with online guides on the reform. Most other major credit ...

Discover: Consumers Feeling Better About Their Finances

Despite lingering pessimism about the U.S. economy, consumers are feeling better about their personal finances, according to Discover’s U.S. Spending Monitor, a monthly glimpse into Americans’ financial ...

Discover: Small Business Confidence Jumps

More small business owners surveyed this month have increased expectations that conditions for them will improve in the next six months, according to Discover’s Small Business Watch. More of them are also planning ...
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