Discover Financial Services - Company Profile

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Discover Financial Services: Overview

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Discover Financial Services (DFS) is a digital banking and payment services company. The company engages in providing digital banking products and services, as well as payment services through its subsidiaries. Its major products include credit card loans, personal loans, home loans, and deposit products. Notable brands associated with DFS include Discover Network, PULSE, and Diners Club International. The company's products and services cater to individuals and financial institutions, facilitating credit establishment and debt consolidation. DFS operates through networks such as the Discover Network and PULSE, which connect banks, cardmembers, and merchants globally. The company primarily targets markets in the US and internationally through its electronic funds transfer and global payments networks. DFS is headquartered in Riverwoods, Illinois, the US.

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Headquarters United States of America

Address 2500 Lake Cook Rd, Riverwoods, Illinois, 60015-3851


Telephone 1 224 4050900

No of Employees 21,000

Industry Financial Services

Revenue (2024) $23.6B

   

   

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Discover Financial Services premium industry data and analytics

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IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Discover Financial Services (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Discover Financial Services’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services Brands
Cards: Credit Card PULSE
Credit Payment Protection Diners Club International
Debit Identity Theft Protection Discover Network
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2025 Ownership Changes In May, the company was acquired by Capital One Financial Corporation, a bank holding company.
2025 Regulatory Approval In April, Capital One received the final regulatory approvals needed to acquire the company.
2025 Contracts/Agreements In March, the company partnered with Skipify to enhance digital payments by implementing advanced tokenization for Discover cardholders.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Learn more
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Competitor Comparison

Key Parameters Discover Financial Services JPMorgan Chase & Co Bank of America Corp Citigroup Inc The Goldman Sachs Group Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Riverwoods New York Charlotte New York New York
State/Province Illinois New York North Carolina New York New York
No. of Employees 21,000 318,153 213,000 227,000 48,300
Entity Type Private Public Public Public Public
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Executives
Name Position Board Since Age
J. Michael Shepherd Chief Executive Officer - Interim; President; Director Executive Board 2024 70
John T. Greene Chief Financial Officer; Executive Vice President Senior Management 2019 60
Jason J. Strle Chief Information Officer; Executive Vice President Senior Management 2023 49
Amy Hellen Chief Risk Officer; Executive Vice President Senior Management 2024 46
Carrie Blair Executive Vice President; Chief Human Resources Officer Senior Management 2024 -
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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