Discover Financial Services

142 results about this entity

Period: 04 Oct 2004 - 22 Apr 2025

PayPal unveils micropayments system; Facebook on board

PayPal has signed up a slew of big names, including Facebook and FT.com, to a new micropayments system for digital goods and services.

Heartland pays $5 million settlement to Discover over data breach

Heartland Payment Systems has agreed to pay up to $5 million to Discover Financial Services in relation to the data breach that hit the processor in 2008, marking its final settlement with all leading card brands over the intrusion.

Firethorn preps mobile gift card app

M-commerce specialist Firethorn is signing up retailers for the launch of a mobile gift card application called Swagg.

US telcos team on contactless m-payments venture - Bloomberg

US wireless firms AT&T, Verizon and T-Mobile have teamed up on a contactless mobile payments venture, according to Bloomberg.

Card firms press US to file WTO complaint on access to China - Bloomberg

Card companies, including MasterCard and Visa, have approached the US government about filing a WTO trade complaint against China for cutting them out of the country's fast-growing, $723 billion, payment processing market, according to Bloomberg.

Morgan Stanley wins ruling in $800m Discover case

Morgan Stanley has won a ruling in its lawsuit against Discover Financial Services that could see the card company forced to hand over hundreds of millions of dollars to its former owner.

PCI standards board asks PwC to review secure tech options

The PCI Security Standards Council has asked PricewaterhouseCoopers (PwC) to carry out research into technology that can be used by merchants, service providers and processors to secure cardholder data.

Discover to cut 500 jobs next month

Discover Financial Services is set to cut 500 jobs, about four per cent of its workforce, as it feels the impact of rising card delinquencies and lower consumer spending during the recession.

Discover launches mobile site

Discover Financial Services has launched a mobile version of its Web site, enabling cardholders to manage their accounts and make payments from their handsets' browser.

Discover launches biodegradable credit card

Discover Financial Services has unveiled a credit card in the US made from biodegradable PVC.

Discover alleges Morgan Stanley had secret talks with Visa and MasterCard

In a lawsuit filed against Morgan Stanley, card scheme Discover claims that its former parent engaged in secret talks with its rivals, jeopardising its antitrust case against Visa and Mastercard and forcing it to agree to a lower $2.75 billion settlement than it might otherwise have been able to claim.

Discover and Morgan Stanley in dispute over settlement agreement

After reaching a $2.75 billion settlement with Visa and MasterCard, Discover Financial Services says it is in "dispute" with Morgan Stanley over the proportion of the money it should hand over to its former owner.