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Balance Sheet Cash Flow Statement 2500 Lake Cook Rd. Riverwoods, IL 60015 IL Tel. 224-405-0900 Toll Free 800-347-2683 Fax 224-405-4993 |
Type: Public
On the web:
http://www.discoverfinancial.com
Employees:
11,900
Employee growth: (7.0%)
Seems cardholders aren't the only ones getting paid to discover. Discover Financial Services, formerly a business segment of Morgan Stanley, is best known for issuing Discover-brand credit cards, which are used by more than 50 million members at some 4 million merchant locations in 30 countries and territories. The company's cards, which include several levels of business and consumer cards, repay cardholders a percentage of the purchase price each time they use their cards. But there's more to this business than just plastic. Discover Financial Services also has a payment-processing network and owns the PULSE Network ATM system.
Key numbers for fiscal year ending November, 2008:
Sales: $5,669.0M
One year growth: 12.2%
Net income: $927.8M
Income growth: 57.6%
Officers:
Chairman and CEO: David W. Nelms
President and COO: Roger C. Hochschild
EVP and CFO: Roy A. Guthrie
Competitors:
American Express
MasterCard
Visa Inc
