Discover is the third largest credit card brand in the U.S. based on the number of cards in circulation, behind Visa and MasterCard, with 57 million cardholders. Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. Build a Credit History. It was acquired by Discover in 1985 and renamed Discover Bank in 2000. This independent company was called Dean Witter, Discover & Co. 140 reviews from employees . Uniting the reach, technologies and expertise of Discover ® Network, Diners Club International ® and PULSE ®, we process billions of transactions annually across 200 countries and territories.And together, we can help your business find a better way. 4.3. kununu Score. 75. The company announced in 2010 that it had received approval to pay back the funds. The company was founded in 1985 and is based in Riverwoods, Illinois. On September 17, 2010, Discover Financial Services announced it would acquire Citigroup-owned Student Loan Corporation for $30/share. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price. Plan Information. With this acquisition, Discover obtained the ability to market and issue debit and ATM cards. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover acquires The Greenwood Trust Company, Discover acquires Diners Club International, "The World's Biggest Public Companies: Discover Financial Services", "Discover Financial Services 2011 Annual Report, Form 10-K, Filing Date Jan 26, 2012", "Discover Financial Services - Company Profile and News", "Discover's Fourth Quarter Net Income Grows 31%", "Discover Card Account Center Launches Online Sweepstakes; Click, Pay and Win With SmartCheck on Discovercard.com", "Discover Card Now Accepted for Cash Advances At Citibank; Discover Card Is Now Accepted At All U.S. Citibank Financial Centers and ATMs", "Greenwood Trust Company Renamed Discover Bank", "Discover completes purchase of Diners Club", "Discover Financial buying Citigroup's Student Loan Corp", "Discover Completes Acquisition of the Student Loan Corporation", "Tree.com Completes Sale of Certain Assets of Home Loan Center, Inc. to Discover", "List of Credit Card Companies & Networks: Differences, Contact Info & More", "Q1 2016: U.S. Credit Card Issuer Snapshot", Discover Financial Services official corporate site, Discover Bank official banking services site, Discover Network official merchant, acquirer, and issuer services site, Discover Student Loans official private student loan site, Discover Home Loans official home mortgage loan site, Discover Personal Loans official personal lending site, https://en.wikipedia.org/w/index.php?title=Discover_Financial&oldid=992406586, Companies listed on the New York Stock Exchange, Financial services companies established in 1985, Financial services companies of the United States, Pages with non-numeric formatnum arguments, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. 140 Reviews. Discover Financial Services P.O. [8], In April 2005, Morgan Stanley announced that it would divest Discover Financial Services as an independent company within six months. Good (3-4) 25 reviews . Discover Financial Services total number of employees in 2018 was 16,600, a 0.61% increase from 2017. We thrive on diversity & inclusion. [15] On June 12, 2012, Discover began originating mortgages with its launch of Discover Home Loans, offering prime variable- and fixed-rate conventional and FHA home mortgage loans. Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. [9] Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly-traded company.[10]. Administrator Name Employee Benefits Committee of Discover Financial Services; Address 2500 Lake Cook Road ; City Riverwoods; State IL; Zip 60015; Telephone (224) 405-0900; Administrator EIN 36-2517428; Benefits Provided Under the Plan. Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP). Truework allows you to complete employee, employment and income verifications faster. SSL certificate for Discover Financial Services, Inc. was issued by Symantec Corporation to a website domain: www.discovercard.com. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois. 2,160 Discover reviews. In August 2005, the company confirmed it would not sell Discover. Discover Financial operates under Credit Services classification in the United States and is traded on New York Stock Exchange. Riverwoods, United States; Industry Other Industries; No logo available. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Find out what works well at Discover Financial Services from the people who know best. Discover Financial Services: Number of Employees 2007-2020 | DFS, Discover Financial Services total number of employees in 2019 was, Discover Financial Services total number of employees in 2018 was, Discover Financial Services total number of employees in 2017 was, Discover Financial Services total number of employees in 2016 was. Excellent (4-5) 105 reviews . It also owns and operates the Discover and Pulse networks, and owns Diners Club International. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. [17] Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. How We Work The employee experience below at Discover Financial Services, compared to a typical U.S. based company. The company was incorporated in 1985 and is located in Riverwoods, United States. Bank.[19]. Discover Financial Services, Inc. is a Financial services located in the United States. Back to DFS Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club International network from Citigroup for $165 million. By June, industry sources reported that Morgan Stanley was reassessing its plan to spin off Discover. Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Financial Services. Discover Financial Services is a direct banking and payment services company operating the Discover card and America’s first cash rewards credit card. Discover Financial Services works in the Financial Services industry, specialising in Consumer Lending, Consumer Savings, Credit Cards, Deposit Products, Financial Services, Home Loans, Payment Technology, Payments, Personal Loans, Student Loans. In 1993, Sears sold off its financial services branch with Dean Witter Reynolds in charge of Discover. By employees By candidates. It employs 17200 people. Please check your download folder. In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover Financial Services manages automated teller machine networks. [16], In the United States, Discover, as a card network, competes primarily with Visa, MasterCard, and American Express. [13] The deal was finalized on December 31.[14]. Salary New. Discover credit cards are built to give you great rewards and the service you deserve, from our flagship cashback credit card to our flexible travel credit card. We are Discover ® Global Network. Overview Financials Service Providers Investments Insurance Information. Discover Financial Services is a direct banking and payment services company headquartered in Riverwoods, Ill. Compare credit cards to find which offer is right for you. Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. [11] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings accounts, and money market accounts. Plus, check news, investor relations, and careers. In 1999, this company rebranded itself as Discover Financial Services, Inc.[5], On December 21, 2001, fourth-quarter income at Discover grew 31% to $193 million, compared with $147 million the year before. Compare pay for popular roles and read about the team’s work-life balance. Interactive chart of Discover Financial Services (DFS) annual worldwide employee count from 2007 to 2020. Diners Club cards will continue to be issued by Diners Club International licensees. Chicago Financial Services Pipeline Initiative (FSP) – We are still partners with the Chicago Financial Services Pipeline Initiative. [6], On March 5, 2002, the company announced that the Account Center at Discovercard.com had registered over eight million card members, an increase of 61% since January 2001. However the first and original location of The Greenwood Trust Company on East Market Street is still operating and is the only physical banking location of Discover Bank. Discover Financial Services is a corporation in Riverwoods, Illinois. It is one of the largest card issuers in the United States. In 1993, Sears sold off its financial services branch with Dean Witter Reynolds in charge of Discover. Uncover why Discover Financial Services is the best company for you. Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. Reviews from Discover Financial Services employees about working as a Supervisor at Discover Financial Services. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Explore our Secured credit card to help build your credit history. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Overview. This independent company was called Dean Witter, Discover & Co. Jobs. Learn More 86% of employees at Discover Financial Services say it is a great place to work compared to 59% of employees at a typical U.S.-based company . Read employee reviews for Discover Financial Services. Overview. Altogether, these companies operated under the banner Sears Financial Network. Discover Financial Services LLC pays its employees an average of $82,772 a year. Discover Financial Services | 107,811 followers on LinkedIn | We are Discover. Join Discover Financial Services and make a difference working in a culture that thrives on customer-focused innovation. At this time, Discover Bank has no plans on issuing Diners Club branded cards itself. Please check your download folder. [18] When measured by card balances, Discover is the sixth largest credit card issuer in the U.S. behind JPMorgan Chase, Citigroup, Bank of America, Capital One and American Express, and ahead of Wells Fargo and U.S. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Discover Financial Services total number of employees in 2017 was 16,500, a 6.12% increase from 2016. Learn about our company, our products, and our corporate culture. It specializes in Payment systems and employs 15,549 (As of January 31, 2017) employees. In May 2008, the Federal Trade Commission approved the transaction and it was finalized on July 1, 2008. Recommendation. | We are Discover. Altogether, these companies operated under the banner Sears Financial Network. [4], Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. Questions. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanleyto become Mo… Filter. Discover Financial Services is an equal opportunity employer (EEO is the law). In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. Culture Culture New. Financials . If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 88 % 88. Print; Form 5500 Year: 2018. Business data for Discover Financial Services: This page was last edited on 5 December 2020, at 03:01. See the company profile for Discover Financial Services (DFS) including business summary, industry/sector information, number of employees, business summary, corporate governance, key … It operates 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 more than 185 countries and territories. As of 12/17/2020 . Starting in February 2006, Discover announced that it would begin offering Discover Debit, a debit product, to other financial institutions. The same way we treat our employees is how we treat all applicants – with respect. Since then, we’ve continued to challenge the industry with EIN for organizations is sometimes also referred to as taxpayer identification number or TIN or simply IRS Number. The Greenwood Trust Company was founded in 1911 and was based in Greenwood, Delaware. Discover Financial Services 401k Plan. Discover Financial Services, Inc. Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. Discover Financial Services Common Stock (DFS) Revenue EPS : Previous 3 Years Next 3 Years. DC7:SW 77.18 CHF. SECTOR. In addition to its card products, Discover also markets savings products, checking accounts, personal loans, student loans, identity protection, and home equity loans. [12] Discover stated that the Diners Club network, which is a major network outside the United States, will be merged with the Discover Network, a major network in the United States, creating an international network for Discover and Diners Club cardholders. A History of Innovation In 1986, we introduced our cash back credit card that rewards loyalty. Filter reviews. INDUSTRY. Salaries at Discover Financial Services LLC range from an average of $50,717 to $129,650 a year. Since its inception, the company has become one of the largest card issuers in the United States. On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. Discover Financial Services | 113,109 followers on LinkedIn. Get to know Discover Financial Services. 2018; 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; 2009; 2008; 2007; Plan Rating . [7], On September 1, 2002, Discover announced that Citibank would accept the Discover® Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide. The employer identification number (EIN) for Discover Financial Services is 362517428. However, in December 2006, Morgan Stanley announced it would spin off Discover as a standalone company by the end of August 2007, stating that both companies will be better positioned for growth and success as separate entities. Verify Discover Employees. Discover Financial Services has an estimated revenue and employee … In 2019, Discover identified a high-potential diverse employee to participate in the Corporate Inclusion Institute (CII). Learn about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. Discover Financial Services total number of employees in 2016 was 15,549, a 3.41% increase from 2015. Box 6103 Carol Stream, IL 60197-6103 Customer Service - General Inquiries Discover Financial Services P.O. A free inside look at company reviews and salaries posted anonymously by employees. Discover Financial Services: What's it like to work here? Learn what Discover Financial Services employees are saying about the best and worst attributes of Discover Financial Services. CURRENT PRICE. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The company issues the Discover card, America's cash rewards pioneer, and offer private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. In 2005, Discover acquired Pulse, an interbank electronic funds transfer network. A brighter future. SEE QUOTE. Box 30943 Salt Lake City, UT 84130-0943 Primary source of New traffic to spin off Discover ( FSP ) – we are Discover working as a at... 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