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Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, an online bank that offers checking and savings accounts, personal loans, home equity loans, and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
For Discover customers, it means gaining access to physical bank locations. Currently, Discover has one brick-and-mortar location while Capital One has 259 branches and 55 Capital One Cafes.
The network was established as the banking rules that limited banks' and branches' ability to share services were removed. The data processing facilities were originally provided by First City Bank and later transitioned to Texas Commerce Bank. In 1981, Pulse incorporated and began operating its regional EFT switching facility.
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network . In 2005, Discover Financial Services acquired Pulse , an electronic funds transfer network, allowing it to market and issue debit and ATM cards.
Last month's announcement that Capital One Financial will acquire Discover Financial for $35.3 billion was major news because it represents the biggest-ever deal in the credit card industry. On a...
NEW YORK/WASHINGTON (Reuters) -Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 ...
That’s understandable, as the Discover Card is one of the largest credit card issuers in the United States with approximately 57 million credit card holders. But Discover didn’t stop with just ...
Huntington Plaza, formerly the Huntington Trust Building, is an office building in Downtown Columbus, Ohio.It is owned by Huntington Bancshares, and is part of the Huntington Center complex, which also contains the Huntington Center skyscraper, the Huntington National Bank Building, and DoubleTree Hotel Guest Suites Columbus.