Discover Financial Services
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Discover Financial Services - Company
Capsule
Reference Code: FS0031CC
Published Date: April 2011
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Discover Financial Services - Company Capsule Page 1
Discover Financial Services
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Discover Financial Services - Company Overview
Discover Financial Services (DFS) is a credit card issuer and electronic payment service company. DFS is principally
engaged in providing payment processing services. The company operates the Discover Card, the pioneer of America's
cash rewards. DFS card business operates a number of consumer and business credit cards. DFS’ payments businesses
consists of the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading
ATM/debit networks; and Diners Club International, a global payments network with acceptance in 185 countries and
territories. DFS principally operates in the US and the UK. The company is headquartered in Riverwoods, Illinois, US.
Financial Performance
The company reported interest income of US$3,145.08 million during the year 2009.The company's interest income grew
at a CAGR of 10.32% during the period 2007-2009 with an annual growth of 16.81% over fiscal year 2008. During the
fiscal year 2009, its operating margin was 67.44% as against the operating margin of 61.56% in the fiscal year 2008.
During the fiscal year2009, the company’s net profit margin was 40.58% as against the net profit margin of 34.46% in the
fiscal year 2008.
Discover Financial Services - Key Facts
Discover Financial Services, Key Facts
2500 Lake Cook Road,
Riverwoods, Illinois (IL), 60015, Ticker Symbol, Stock DFS (New York Stock
Corporate Address: Exchange)
Exchange
United States
Telephone + 1 224 4050900 No. of Employees 10,500
Fax + 1 224 4054993 Financial Year End November
URL www.discoverfinancial.com Revenue (in USD Million) 3,145.08
Industry Financial Services
Locations Hong Kong Special Administrative Region of China, United Kingdom, Canada, United States
Source: Annual Report, Company Website, Primary and Secondary Research
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Discover Financial Services - Company Capsule Page 2
Discover Financial Services
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Discover Financial Services - Major Products and Services
Discover Financial Services is a financial services company. The Key services of the company include the following:
Discover Financial Services, Major Products and Services
Services:
U.S. Card Business:
Discover More Card
Discover Motiva Card
Discover Open Road Card
Miles by Discover
Discover Business Card
Discover Business Miles Card
Discover Gift Cards
Payment Business services:
Discover Network
PULSE Network
Source: Annual Report, Company Website, Primary and Secondary Research
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Discover Financial Services - Company Capsule Page 3
Discover Financial Services
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Discover Financial Services - Key Competitors
The following companies are the major competitors of Discover Financial Services:
Global Payments Inc.
MasterCard Incorporated
LML Payment Systems Inc.
Visa Inc.
Capital One Financial Corporation
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Discover Financial Services - Company Capsule Page 4
Discover Financial Services
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Discover Financial Services - Key Employees
Discover Financial Services, Key Employees
Name Job Title Board Level Since Age
Executive Vice President -
Carlos Minetti Cardmember Services and Consumer Senior Management 2006 47
Banking
Cynthia A. Glassman Director Non Executive Board 2009 62
David W. Nelms Chairman, Chief Executive Officer Executive Board 2009 49
Executive Vice President - Payment
Diane E. Offereins Senior Management 2008 52
Services
E. Follin Smith Director Non Executive Board 2007 50
Chief Information Officer, Senior Vice
Glenn Schneider Senior Management 2009 48
President
Gregory C. Case Director Non Executive Board 2007 47
Chief Marketing Officer, Executive Vice
Harit Talwar Senior Management 2008 49
President - Discover Network
Senior Vice President, Chief Credit Risk
James V. Panzarino Senior Management 2009 57
Officer
Jeffrey S. Aronin Director Non Executive Board 2007 42
Kathryn McNamara General Counsel, Secretary, Senior
Senior Management 2008 49
Corley Vice President
Lawrence A. Weinbach Director Non Executive Board 2009 70
Senior Vice President, Chief Accounting
Mark A. Zaeske Senior Management
Officer, Controller
Mary K. Bush Director Non Executive Board 2007 62
Michael H. Moskow Director Non Executive Board 2007 72
Richard H. Lenny Director Non Executive Board 2009 58
Robert M. Devlin Director Non Executive Board 2007 69
Roger C. Hochschild Chief Operating Officer, President Senior Management 2004 45
Chief Financial Officer, Executive Vice
Roy A. Guthrie Senior Management 2005
President
Thomas G. Maheras Director Non Executive Board 2008 47
Source: Annual Report, Company Website, Primary and Secondary Research
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Discover Financial Services - Company Capsule Page 5
Discover Financial Services
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Discover Financial Services - Locations and Subsidiaries
Head Office
Discover Financial Services
2500 Lake Cook Road
Riverwoods
Illinois (IL)
Zip: 60015
United States
Tel: + 1 224 4050900
Fax: + 1 224 4054993
Other Locat