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Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa (48%) and Mastercard (36%), but slightly ahead of American Express (7.5%).
Shares of Discover are down 1.7% lower for the year, putting the company at a $27.63 billion market cap. Capital One has a market cap of $52.2 billion and shares of the company are up 4.6% in 2024.
Discover [16] UnionPay: Discover [17] (Credit cards) Pulse [14] (Debit cards) JCB [18] (Japan Only) BC Card (South Korea Only) RuPay (India only) As of November 1, 2007, UnionPay cards may be accepted where Discover Network cards are accepted in the United States, Canada, Mexico, Central America and the Caribbean.
In December 2013, U.S. District Court Judge John Gleeson approved a settlement in the case that amounted to $7.25 billion. [22] The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [23] That settlement was reversed.
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 ...
Peggy (Discover Card) Pulse (interbank network) This page was last edited on 24 November 2020, at 23:54 (UTC). Text is available under the Creative Commons ...
The card scheme uses the respective guidelines [5] [6] to process the card exchange data from the acquiring to the issuing bank, and vice versa, until the payment [7] is fully completed (or denied). Credit and debit cards work with a four-party scheme, completing an open-circle framework that permits consistent flow of transactions; thus ...
In 2008, Green Dot ceased to offer prepaid Discover cards. [7] On July 30, 2019, Green Dot launched the Unlimited Cash Back Bank Account, offering 3% cash back as well as a savings account offering 3% interest [8] known as the Unlimited cashback account. The cards are normal debit cards, and not a line of credit.