In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. We are Discover ® Global Network. Discover Financial Services total number of employees in 2016 was 15,549, a 3.41% increase from 2015. Chicago Financial Services Pipeline Initiative (FSP) – We are still partners with the Chicago Financial Services Pipeline Initiative. 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. Discover Financial Services 401k Plan. [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 Financial Services, Inc. is a Financial services located in the United States. Recommendation. CURRENT PRICE. With this acquisition, Discover obtained the ability to market and issue debit and ATM cards. The same way we treat our employees is how we treat all applicants – with respect. [8], In April 2005, Morgan Stanley announced that it would divest Discover Financial Services as an independent company within six months. Build a Credit History. It specializes in Payment systems and employs 15,549 (As of January 31, 2017) employees. [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. The employee experience below at Discover Financial Services, compared to a typical U.S. based company. Jobs. 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, through its subsidiaries, operates as a direct banking and payment services company in the United States. Riverwoods, United States; Industry Other Industries; No logo available. Back to DFS Overview ©2020, EDGAR®Online, a division of Donnelley Financial Solutions. Altogether, these companies operated under the banner Sears Financial Network. In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club International network from Citigroup for $165 million. EIN for organizations is sometimes also referred to as taxpayer identification number or TIN or simply IRS Number. Compare pay for popular roles and read about the team’s work-life balance. 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. Discover Financial Services, Inc. Discover Financial Services | 113,109 followers on LinkedIn. Read employee reviews for Discover Financial Services. Discover Financial Services is a direct banking and payment services company headquartered in Riverwoods, Ill. A free inside look at company reviews and salaries posted anonymously by employees. 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 operates under Credit Services classification in the United States and is traded on New York Stock Exchange. The Greenwood Trust Company was founded in 1911 and was based in Greenwood, Delaware. In 1993, Sears sold off its financial services branch with Dean Witter Reynolds in charge of Discover. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Box 30943 Salt Lake City, UT 84130-0943 Learn about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. [16], In the United States, Discover, as a card network, competes primarily with Visa, MasterCard, and American Express. Filter reviews. [17] Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. Interactive chart of Discover Financial Services (DFS) annual worldwide employee count from 2007 to 2020. This independent company was called Dean Witter, Discover & Co. Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. In 1993, Sears sold off its financial services branch with Dean Witter Reynolds in charge of Discover. Discover Financial Services Common Stock (DFS) Revenue EPS : Previous 3 Years Next 3 Years. At this time, Discover Bank has no plans on issuing Diners Club branded cards itself. Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. Discover Financial Services | 107,811 followers on LinkedIn | We are Discover. The employer identification number (EIN) for Discover Financial Services is 362517428. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Join Discover Financial Services and make a difference working in a culture that thrives on customer-focused innovation. Financials . Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. [4], Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. The company was incorporated in 1985 and is located in Riverwoods, United States. In addition to its card products, Discover also markets savings products, checking accounts, personal loans, student loans, identity protection, and home equity loans. Learn what Discover Financial Services employees are saying about the best and worst attributes of Discover Financial Services. In August 2005, the company confirmed it would not sell Discover. The company announced in 2010 that it had received approval to pay back the funds. Reviews from Discover Financial Services employees about working as a Supervisor at Discover Financial Services. [13] The deal was finalized on December 31.[14]. 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. In 2019, Discover identified a high-potential diverse employee to participate in the Corporate Inclusion Institute (CII). [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. Discover Financial Services is an equal opportunity employer (EEO is the law). Excellent (4-5) 105 reviews . 2018; 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; 2009; 2008; 2007; Plan Rating . Salaries at Discover Financial Services LLC range from an average of $50,717 to $129,650 a year. As of 12/17/2020 . Since its inception, the company has become one of the largest card issuers in the United States. Financial Services. Plan Information. Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. 140 Reviews. INDUSTRY. Discover Financial Services. Learn about our company, our products, and our corporate culture. [9] Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly-traded company.[10]. 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. Bank.[19]. 4.3. kununu Score. The company was founded in 1985 and is based in Riverwoods, Illinois. Sears introduced the Discover credit card in 1985 in conjunction with real estate franchise Coldwell, Banker & Company and brokerage firm Dean Witter Reynolds. By employees By candidates. How We Work SSL certificate for Discover Financial Services, Inc. was issued by Symantec Corporation to a website domain: www.discovercard.com. A brighter future. Diners Club cards will continue to be issued by Diners Club International licensees. SEE QUOTE. See the company profile for Discover Financial Services (DFS) including business summary, industry/sector information, number of employees, business summary, corporate governance, key … If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Discover Financial Services P.O. Good (3-4) 25 reviews . A History of Innovation In 1986, we introduced our cash back credit card that rewards loyalty. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Truework allows you to complete employee, employment and income verifications faster. 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. On September 17, 2010, Discover Financial Services announced it would acquire Citigroup-owned Student Loan Corporation for $30/share. Salary New. 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. 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. 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. Overview. Filter. 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. Uncover why Discover Financial Services is the best company for you. [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. [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. It is one of the largest card issuers in the United States. Explore our Secured credit card to help build your credit history. Get to know Discover Financial Services. SECTOR. 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. Questions. Starting in February 2006, Discover announced that it would begin offering Discover Debit, a debit product, to other financial institutions. [11] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings accounts, and money market accounts. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. 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. Please check your download folder. | We are Discover. Box 6103 Carol Stream, IL 60197-6103 Customer Service - General Inquiries Discover Financial Services P.O. 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 Financial Services LLC pays its employees an average of $82,772 a year. 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. Print; Form 5500 Year: 2018. Compare credit cards to find which offer is right for you. 140 reviews from employees . Overview Financials Service Providers Investments Insurance Information. 88 % 88. 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. Verify Discover Employees. Culture Culture New. Overview. 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. Altogether, these companies operated under the banner Sears Financial Network. 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. In May 2008, the Federal Trade Commission approved the transaction and it was finalized on July 1, 2008. 75. We thrive on diversity & inclusion. Discover Financial Services is a corporation in Riverwoods, Illinois. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanleyto become Mo… Reviews from Discover Financial Services employees about Discover Financial Services culture, salaries, benefits, work-life balance, management, job security, and more. This independent company was called Dean Witter, Discover & Co. 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 manages automated teller machine networks. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Since then, we’ve continued to challenge the industry with 2,160 Discover reviews. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Business data for Discover Financial Services: This page was last edited on 5 December 2020, at 03:01. 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. 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 . By June, industry sources reported that Morgan Stanley was reassessing its plan to spin off Discover. In 2005, Discover acquired Pulse, an interbank electronic funds transfer network. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services total number of employees in 2017 was 16,500, a 6.12% increase from 2016. DC7:SW 77.18 CHF. Find out what works well at Discover Financial Services from the people who know best. Please check your download folder. It employs 17200 people. Discover Financial Services: What's it like to work here? Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP). Plus, check news, investor relations, and careers. It was acquired by Discover in 1985 and renamed Discover Bank in 2000. Discover Financial Services total number of employees in 2018 was 16,600, a 0.61% increase from 2017. 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