Discover Financial Services - Company Capsule

Document Sample
Discover Financial Services - Company Capsule Powered By Docstoc
					Discover Financial Services

_________________________________________________________________________________




Discover Financial Services - Company
Capsule
Reference Code: FS0031CC
Published Date: April 2011




___________________________________________________________________________________________

Discover Financial Services - Company Capsule                                       Page 1
Discover Financial Services

__________________________________________________________________________________________


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




___________________________________________________________________________________________

Discover Financial Services - Company Capsule                                                                               Page 2
Discover Financial Services

__________________________________________________________________________________________


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




___________________________________________________________________________________________

Discover Financial Services - Company Capsule                                                                    Page 3
Discover Financial Services

__________________________________________________________________________________________


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




___________________________________________________________________________________________

Discover Financial Services - Company Capsule                                       Page 4
Discover Financial Services

__________________________________________________________________________________________


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




___________________________________________________________________________________________

Discover Financial Services - Company Capsule                                                            Page 5
Discover Financial Services

__________________________________________________________________________________________


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
				
DOCUMENT INFO
Description: ICD Research's ‘Discover Financial Services - Company Capsule’ is a crucial resource for industry executives and anyone looking to access key information about “Discover Financial Services ICD Research's ‘Discover Financial Services - Company Capsule’ reports utilize a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
BUY THIS DOCUMENT NOW PRICE: $75 100% MONEY BACK GUARANTEED
PARTNER ICD Research
With emphasis on Insight, Consultancy and Delivery, iCD Research is a full-service, online market research agency. iCD Research is able to take advantage of all of the efficiencies and benefits that the Internet brings to offer proven research methodologies with fast turnaround and accurate results. iCD Research specialises in qualitative research for large finance, media, retail and entertainment clients. Market leaders in online focus groups, iCD Research has unleashed the full scale of the Internet to run focus groups across the globe for its major institutional clients. Utilising its sister organisation, The iD Factor, iCD Research also delivers strong quantitative research, ranging from ongoing consumer confidence studies through to consumer surveys throughout Europe and Asia. With its roots firmly in research, iCD Research doesn’t limit itself to only utilising online methods as the philosophy at the company is to match the methodology to the respondent. Yet the scale and speed of online research give iCD Research a cutting edge that has lead to tremendous, triple-figure percentage growth over the past two years. iCD Research is headquartered in London, with operational offices in the US and Australia to ensure that it is offering an unparalleled 24 hour service to its clients.