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4-Traders Homepage  >  Equities  >  Nyse  >  Discover Financial Services    DFS

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Discover Financial Services : Discover Brings Google Wallet to Its Cardmembers

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08/16/2012 | 06:05pm CET

First to Offer Cardholders the Ability to Save Cards to Google Wallet Through Online Account Center

Discover announced today that it is partnering with Google to allow cardmembers to save their credit card directly into Google Wallet by logging into the online Account Center at discover.com/googlewallet.

This will give Discover cardmembers the ability to tap and pay for purchases in-store in conjunction with the Google Wallet application on a compatible Near Field Communication (NFC) smartphone, as well as make purchases online, for a simpler, more convenient shopping experience. Cardmembers using Google Wallet to pay for items with their Discover card will continue to earn Cashback Bonus® rewards.

"Our cardholders regularly use their Discover card to make purchases and payments online, in-store and now more frequently through their mobile devices," said Sanjay Gosalia, Director of Mobile at Discover. "By offering the ability to join Google Wallet through our Account Center, Discover is providing our cardmembers with even greater flexibility and convenience when it comes to paying for their purchases."

Once logged-in to the Discover Account Center, a simple click-to-add-process allows cardmembers to add their Discover card and make it their primary credit card in the Google Wallet. The credit card will automatically sync to the Google Wallet application for those that have a compatible NFC smartphone. Additionally, Discover cardmembers can add their credit card through the Google Wallet mobile application on their smartphone, or by adding their card through their Google account online.

"We're excited to partner with Discover to make it even easier for cardmembers to pay for their purchases," said Robin Dua, Head of Product Management, Google Wallet. "By providing a simple way for cardholders to securely add their credit card to Google Wallet directly from the Discover website, we're extending the opportunity to pay with Discover through Google Wallet at hundreds of thousands of merchants."

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of 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. For more information, visit www.discoverfinancial.com.

Discover
Katie Henry, 224-405-4437
kathrynhenry@discover.com


© Business Wire 2012
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Financials ($)
Sales 2016 9 079 M
EBIT 2016 5 459 M
Net income 2016 2 329 M
Debt 2016 -
Yield 2016 1,65%
P/E ratio 2016 12,23
P/E ratio 2017 11,48
Capi. / Sales 2016 3,05x
Capi. / Sales 2017 2,92x
Capitalization 27 687 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 78,8 $
Spread / Average Target 12%
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NameTitle
David W. Nelms Chairman & Chief Executive Officer
Roger C. Hochschild President & Chief Operating Officer
R. Mark Graf Chief Financial Officer & Executive Vice President
Glenn P. Schneider Chief Information Officer & Executive VP
Gregory C. Case Independent Director
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