Discover Financial Services

142 results about this entity

Period: 04 Oct 2004 - 22 Apr 2025

Visa and MasterCard settle Discover lawsuit

Discover Financial Services has settled a long running anti-trust lawsuit that accused rivals MasterCard and Visa of blocking access to the bank-issued card market in the US.

Discover opens IT subsidiary in China

US card scheme Discover has opened a new IT facility in China to support its data analysis and modelling operations.

MasterCard pays $1.8bn to settle American Express suit

MasterCard has agreed to pay rival card operator American Express up to $1.8 billion to settle a lawsuit filed in 2004 that accused it of blocking access to the bank-issued card market in the US.

Discover seeks $6bn from MasterCard and Visa in antitrust case

Discover Financial Services is seeking $6 billion in damages in a long running anti-trust lawsuit that accuses credit card rivals MasterCard and Visa of blocking its access to the bank-issued card market in the US.

Discover to acquire Diners Club for $165m

US credit card firm Discover Financial Services has signed a deal to buy the Diners Club International card payments network from Citi in a deal worth $165 million.

Barclays swallows Goldfish

The UK's Barclays Bank has signed a definitive agreement to acquire the Goldfish credit card business from Discover Financial Services for around £35 million in cash.

Discover writes off $422m on Goldfish

Discover Financial Services is to write down the value of its Goldfish credit card business in the UK by up to $422 million due to the "very challenging" consumer credit environment in Britain.

Visa talks up merchant PCI compliance

Card association Visa says 65% of the largest US merchants are now compliant with the Payment Card Industry Data Security Standard (PCI DSS), up from 36% in December 2006.

Discover to pilot mobile payment system

Morgan Stanley credit card unit Discover Network is working with Motorola to trial a combined mobile account management and payment service.

Morgan Stanley to spin off Discover

US investment bank Morgan Stanley is to spin off the Discover credit card business in an effort to enhance shareholder value.

PCI security standards council established

US card issuers American Express, Discover Financial Services, MasterCard and Visa, along with Japan's JCB, are forming an independent council that will manage the on-going development of the Payment Card Industry (PCI) data security standards.

Discover and JCB ink network access deal

Morgan Stanley unit Discover has inked a deal with Japanese card issuer JCB that will allow its US customers to use their cards to pay for purchases made in Japan.