Diners Club International® Ltd., a business unit of Discover Financial Services (NYSE:DFS), and Russian Standard Bank (RSB), a leading consumer lender in Russia, today announced an agreement to form a new Diners Club International franchise in Russia. RSB will assume all responsibility for the Diners Club brand and business in Russia and Ukraine in issuing and acquiring.
Discover Financial Services (NYSE: DFS) today reported net income of $600 million for the second quarter of 2011, as compared to $258 million for the second quarter of 2010.
Discover Financial Services (NYSE: DFS) announced today that it has reached a definitive agreement to acquire substantially all of the operating and related assets of Home Loan Center, a subsidiary of Tree.com, Inc. (NASDAQ: TREE) for approximately $55.9 million, adding a residential mortgage component to Discover's direct-to-consumer banking business.
Discover Financial Services (NYSE:DFS) today announced that R Mark Graf, 46, has been named executive vice president, chief financial officer and chief accounting officer. Graf will oversee Discover's financial operations, including treasury, accounting, investor relations and all financial reporting functions.
Discover Financial Services (NYSE:DFS) today reported net income for the first quarter of 2011 of $465 million, as compared to a net loss of $104 million for the first quarter of 2010.
Discover® network and InteliSpend Prepaid Solutions today announced an agreement that allows for InteliSpend to issue and program manage prepaid cards on the Discover network. The deal enhances Discover's ability to offer its partners prepaid cards designed specifically to meet unique business-to-business incentive needs.
eBillme™, a safe and secure way to pay with cash online using online banking and walk-in locations, announced today that the payment option will now be available on the Discover Network through CardinalCommerce's Centinel® Universal Merchant Platform.
Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Discover Financial Services (NYSE: DFS), one of the largest card issuers in the United States, is now offering electronic bills through the more than 3,000 banks and credit unions in the Fiserv bill payment network.
Discover Financial Services (NYSE:DFS) and Banco Popular de Puerto Rico (BPPR), Puerto Rico's largest commercial bank, have announced that they signed an agreement to expand Discover card acceptance in Puerto Rico.
Discover Financial Services (NYSE:DFS) today reported net income for the fourth quarter of 2010 of $350 million, as compared to net income of $353 million for the fourth quarter of 2009.
© Finextra Research 2013