Plus, check news, investor relations, and careers. In 2005, Discover acquired Pulse, an interbank electronic funds transfer network. It employs 17200 people. 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. Read employee reviews for Discover Financial Services. Truework allows you to complete employee, employment and income verifications faster. [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. 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. Learn what Discover Financial Services employees are saying about the best and worst attributes of Discover Financial Services. The company was founded in 1985 and is based in Riverwoods, Illinois. | We are Discover. Verify Discover Employees. Since then, we’ve continued to challenge the industry with [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. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Recommendation. In 1993, Sears sold off its financial services branch with Dean Witter Reynolds in charge of Discover. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 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. How We Work Culture Culture New. This independent company was called Dean Witter, Discover & Co. Good (3-4) 25 reviews . Diners Club cards will continue to be issued by Diners Club International licensees. Overview Financials Service Providers Investments Insurance Information. 2,160 Discover reviews. SECTOR. The Greenwood Trust Company was founded in 1911 and was based in Greenwood, Delaware. In addition to its card products, Discover also markets savings products, checking accounts, personal loans, student loans, identity protection, and home equity loans. 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. Learn about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Discover Financial Services is an equal opportunity employer (EEO is the law). Since its inception, the company has become one of the largest card issuers in the United States. Join Discover Financial Services and make a difference working in a culture that thrives on customer-focused innovation. It was acquired by Discover in 1985 and renamed Discover Bank in 2000. In August 2005, the company confirmed it would not sell Discover. Discover Financial Services. 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. In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club International network from Citigroup for $165 million. As of 12/17/2020 . Discover Financial Services 401k Plan. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. [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. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. At this time, Discover Bank has no plans on issuing Diners Club branded cards itself. Compare pay for popular roles and read about the team’s work-life balance. Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. By employees By candidates. Box 6103 Carol Stream, IL 60197-6103 Customer Service - General Inquiries Discover Financial Services P.O. Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. A History of Innovation In 1986, we introduced our cash back credit card that rewards loyalty. A brighter future. Find out what works well at Discover Financial Services from the people who know best. 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. Please check your download folder. 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. Filter reviews. Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. Bank.[19]. DC7:SW 77.18 CHF. Discover Financial Services P.O. 140 Reviews. Since its inception in 1986, the company has become one of the largest card issuers in the United States. [17] Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. Starting in February 2006, Discover announced that it would begin offering Discover Debit, a debit product, to other financial institutions. 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. 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. 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. The same way we treat our employees is how we treat all applicants – with respect. [13] The deal was finalized on December 31.[14]. Discover Financial Services is a direct banking and payment services company operating the Discover card and America’s first cash rewards credit card. Reviews from Discover Financial Services employees about working as a Supervisor at Discover Financial Services. 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. Discover Financial Services total number of employees in 2016 was 15,549, a 3.41% increase from 2015. 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. Explore our Secured credit card to help build your credit history. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. See the company profile for Discover Financial Services (DFS) including business summary, industry/sector information, number of employees, business summary, corporate governance, key … Discover Financial Services | 113,109 followers on LinkedIn. Discover Financial Services total number of employees in 2017 was 16,500, a 6.12% increase from 2016. The employee experience below at Discover Financial Services, compared to a typical U.S. based company. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services: What's it like to work here? 2018; 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; 2009; 2008; 2007; Plan Rating . Discover Financial Services Common Stock (DFS) Revenue EPS : Previous 3 Years Next 3 Years. CURRENT PRICE. Box 30943 Salt Lake City, UT 84130-0943 With this acquisition, Discover obtained the ability to market and issue debit and ATM cards. Compare credit cards to find which offer is right for you. [4], Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. Plan Information. Discover Financial operates under Credit Services classification in the United States and is traded on New York Stock Exchange. Uncover why Discover Financial Services is the best company for you. 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. 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. We thrive on diversity & inclusion. Discover Financial Services | 107,811 followers on LinkedIn | We are Discover. Altogether, these companies operated under the banner Sears Financial Network. [9] Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly-traded company.[10]. Discover Financial Services, Inc. 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. Build a Credit History. Altogether, these companies operated under the banner Sears Financial Network. Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. Discover Financial Services is a direct banking and payment services company headquartered in Riverwoods, Ill. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. Discover Financial Services is a corporation in Riverwoods, Illinois. The company announced in 2010 that it had received approval to pay back the funds. 140 reviews from employees . Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois. Discover Financial Services LLC pays its employees an average of $82,772 a year. 88 % 88. Questions. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Salaries at Discover Financial Services LLC range from an average of $50,717 to $129,650 a year. [11] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings accounts, and money market accounts. By June, industry sources reported that Morgan Stanley was reassessing its plan to spin off Discover. Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP). 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. We are Discover ® Global Network. Discover Financial Services manages automated teller machine networks. Discover Financial Services, Inc. is a Financial services located in the United States. Financial Services. Back to DFS Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. SEE QUOTE. This independent company was called Dean Witter, Discover & Co. 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. The employer identification number (EIN) for Discover Financial Services is 362517428. Riverwoods, United States; Industry Other Industries; No logo available. Filter. Learn about our company, our products, and our corporate culture. Excellent (4-5) 105 reviews . It specializes in Payment systems and employs 15,549 (As of January 31, 2017) employees. 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. A free inside look at company reviews and salaries posted anonymously by employees. 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. Overview. In May 2008, the Federal Trade Commission approved the transaction and it was finalized on July 1, 2008. 75. Interactive chart of Discover Financial Services (DFS) annual worldwide employee count from 2007 to 2020. SSL certificate for Discover Financial Services, Inc. was issued by Symantec Corporation to a website domain: www.discovercard.com. [8], In April 2005, Morgan Stanley announced that it would divest Discover Financial Services as an independent company within six months. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanleyto become Mo… 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 . Business data for Discover Financial Services: This page was last edited on 5 December 2020, at 03:01. Discover Financial Services has an estimated revenue and employee … Salary New. [16], In the United States, Discover, as a card network, competes primarily with Visa, MasterCard, and American Express. [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. Chicago Financial Services Pipeline Initiative (FSP) – We are still partners with the Chicago Financial Services Pipeline Initiative. In 2019, Discover identified a high-potential diverse employee to participate in the Corporate Inclusion Institute (CII). EIN for organizations is sometimes also referred to as taxpayer identification number or TIN or simply IRS Number. 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. Jobs. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Overview. 4.3. kununu Score. Discover Financial Services total number of employees in 2018 was 16,600, a 0.61% increase from 2017. 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. 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