133 results about this entity
Period: 04 Oct 2004 - 09 Apr 2024
News
US investment bank Morgan Stanley is to spin off the Discover credit card business in an effort to enhance shareholder value.
19 December 2006
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.
08 September 2006
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.
23 August 2006
MasterCard chief Robert Selander says the newly-independent card association has set aside $89 million to settle a currency conversion lawsuit, but cautions that other pending run-ins with merchants and rival card issuers will likely prove more intractable.
19 July 2006
Discover, American Express and Chase provide the best online experience for prospective card customers according to a US study conducted by California-based Keynote Systems.
28 February 2006
Morgan Stanley credit card unit Discover Financial Services is to take on Visa and MasterCard's strongholds in signature debit provision with the launch of Discover Debit.
13 February 2006
Morgan Stanley's new CEO John Mack says the firm will not spin-off its Discover credit card unit, reversing a previous decision made by former chief executive Philip Purcell.
18 August 2005
Employees of card scheme Discover can now pay for their purchases in the company cafeteria at the touch of a finger using technology from biometric outfit Pay By Touch.
27 April 2005
Under pressure from dissident shareholders over company strategy, Morgan Stanley chairman and chief executive Philip Purcell has announced plans to spin off the Discover credit card unit.
05 April 2005
Morgan Stanley subsidiary Discover Financial Services is to acquire US electronic funds transfer network Pulse for an aggregate purchase price of $311 million.
15 November 2004
London Underground is warning staff to be on the look out for suspicious activity at cash machines across the tube network after discovering card cloning devices attached to station ATMs.
01 November 2004
Discover Financial Services, a business unit of Morgan Stanley, is to move to Teradata's multi-terabyte data warehouse to support its reporting and analysis needs.
13 October 2004
The US Supreme Court has upheld a ruling that Visa and MasterCard violated federal antitrust laws by banning their member banks from issuing cards from rival firms such as American Express and Morgan Stanley Discover.
04 October 2004
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