UnionPay cards can now be used at more than 170 merchants in Japan providing exclusive privileges and services for cardholders with UnionPay platinum cards and diamond cards, collectively called “premium card” issued around the globe. To date, over 5.4 billion UnionPay cards have been issued worldwide, and the number of premium card holders is increasing.…
While not exploding, Discover’s (DFS) credit card portfolio continues to stay in positive territory. Year-on-year (YOY) growth in the first quarter (1Q/16) was limited to single digits, but charge-offs (CO) headed higher due to the historical seasonal impact of a first quarter. Discover’s total revenue rose 2.4% YOY to $2224 million, compared to $2205 million…
Discover Financial Services (DFS) has landed on Barron’s “Top Ten Stock Picks for 2016.” A “steady grower,” DFS replaces “sprawling” Bank of America (BAC).
Discover’s (DFS) financial performance will face downward pressure from a number of factors including increased competition, normalizing credit performance and heightened legal and compliance expenses this year. However, operating performance for DFS’ credit card Asset-Backed Securities (ABS) is likely to remain strong in 2015, despite a decline in net income last year.
Discover Financial Service (DFS) and Global Payments (GPN) have buddied to streamline acceptance of Discover cards for merchants in Canada. The new, comprehensive solution will offer a single statement.
Discover has embarked on another antitrust lawsuit against Visa, this time over PIN debit. The lawsuit alleges that “Visa has a long history of making sure that PIN debit does not predominate, including undertaking illegal behavior to fend off competitive threats to its debit network services monopoly.”
Discover’s Payment Services dollar volume was $80.2 billion for the third quarter of 2014, up 4% from the prior year. PULSE transaction dollar volume was up 3% year-over-year.
Cambodia’s largest banking institution has inked a deal to grow Discover and Diners Club card acceptance in Cambodia. The agreement enables Discover and Diners Club customers and cardholders payment acceptance in Cambodia provided via ACLEDA Bank ATMs and merchants.
Discover’s Payment Services dollar volume was $50.9 billion for the second quarter of 2014, up 3% from the prior year. PULSE transaction dollar volume was up 4% year-over-year.
Discover Financial Services has been ranked among the top 25 companies heralded by employees for their culture and values, according to Glassdoor.com, a popular careers website that gathers unsolicited comments and company reviews from workers across all industries.