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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.
Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit. [42] 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 ...
Synchrony Financial is an American consumer financial services company with its headquarters in Stamford, Connecticut, United States. [2] The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending to industries, and FDIC-insured consumer savings products, through Synchrony Bank, its wholly owned online bank subsidiary.
On February 19, Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while ...
Advantages of this card issuer: Synchrony Bank offers mostly co-branded store credit cards that let you finance purchases with major retailers. Their cards can help you pay off your purchases over ...
Synchrony Bank. In addition to credit cards, Synchrony Bank offers a savings account, a money market and CDs with terms from three months to five years. The accounts earn competitive yields and do ...
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