Discover

Discover is a credit card brand issued primarily in the United States. It was introduced by Sears in 1985. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit, features that were disruptive to the existing credit card industry.

Source: discover.com

Capital One to Become Global Payments Network With $35.3B Discover Financial Acquisition
Capital One to Become Global Payments Network With $35.3B Discover Financial Acquisition
February 19, 2024  |  Acquisitions

Capital One is acquiring Discover Financial in a deal that brings together two of the largest credit card companies in the United States. Bloomberg reported...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
Discover’s Card Delinquency Rate Rises to 3.9% After ‘Strong’ Holiday Season
January 18, 2024  |  Earnings

Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a...

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Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
January 05, 2024  |  Payments Innovation

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public...

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Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
November 20, 2023  |  Credit Cards

Citi Mobile made moves in this edition of PYMNTS’ Provider Ranking of Credit Card Apps. Venmo, which was previously No. 1, fell to make room...

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Discover Expects Charge-Offs to Peak in Mid-2024
Discover Expects Charge-Offs to Peak in Mid-2024
October 19, 2023  |  Earnings

As 2023 winds down, Discover is eyeing 2024 and its increasing charge-off rate. “So what we’ve said previously is we expect charge-offs to peak sometime around the...

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Discover Global Network Launches Cloud-Based Network Tokenization Platform
Discover Global Network Launches Cloud-Based Network Tokenization Platform
October 12, 2023  |  Payments Innovation

Discover Global Network, the payments brand of Discover, has launched its new cloud-based network tokenization platform. This platform aims to offer companies a scalable and flexible token...

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Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
Trouble May Be Brewing for Store Card Segment as Delinquencies Rise
October 09, 2023  |  Credit Cards

Store credit cards — the closed-looped offerings tied to certain merchants — may signal tougher times ahead. The rising costs of credit and the rising...

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Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
September 21, 2023  |  Credit Cards

PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last...

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