133 results about this entity
Period: 04 Oct 2004 - 09 Apr 2024
News
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.
02 September 2010
M-commerce specialist Firethorn is signing up retailers for the launch of a mobile gift card application called Swagg.
11 August 2010
US wireless firms AT&T, Verizon and T-Mobile have teamed up on a contactless mobile payments venture, according to Bloomberg.
02 August 2010
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.
26 March 2010
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.
06 January 2010
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.
24 June 2009
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.
15 April 2009
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.
15 January 2009
Discover Financial Services has unveiled a credit card in the US made from biodegradable PVC.
09 December 2008
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.
05 December 2008
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.
28 October 2008
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.
14 October 2008
US card scheme Discover has opened a new IT facility in China to support its data analysis and modelling operations.
07 July 2008
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.
25 June 2008
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.
10 June 2008
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.
07 April 2008
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.
07 February 2008
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.
04 December 2007
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.
26 October 2007
Morgan Stanley credit card unit Discover Network is working with Motorola to trial a combined mobile account management and payment service.
15 February 2007
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