Discover Financial Services Careers
Discover reported record net income in 2011, buoyed by higher volume in its card and ATM operations, growth in its student and personal loan portfolios, and historically low loan delinquencies and charge-offs. The company did encounter a setback, however, when it made a move to grow its banking business by arranging to buy more than $1 billion of deposits from Allstate Bank. That deal fell through after Discover was unable to get regulatory approval to complete the transaction. In a separate deal, the company in 2012 bought Home Loan Center, the mortgage origination operations of Tree.com, for nearly $56 million.
Meanwhile, Discover has also been busy building its international business. The company has reciprocity alliances with card issuers in countries such as Canada, China, France, Germany, Japan, South Korea, and the UK to increase its cards' acceptance in those markets and to provide cardholders in those countries to gain global payment acceptance through Discover's network. In 2012 Discover issued its first cards outside the US (in Ecuador) and entered into an alliance with National Payments Corporation to increase network acceptance in India.
Discover boosted its lending operations in 2010 with its $600 million purchase of Citibank's 80% stake in Student Loan Corporation. It also acquired a $4.2 billion portfolio of private student loans from Citibank. The company later divested its portfolio of federal student loans after the government overhauled its lending program and became the sole provider of government-backed student loans in 2010. The following year, Discover bought another $2.5 billion in student loans from Citibank. The company plans to ramp up its student and personal lending.
In response to federal legislation meant to protect consumers from unfair billing practices (the Credit Card Accountability, Responsibility, and Disclosure, or CARD, Act), Discover Financial increased annual percentage rates and converted many accounts from fixed to adjustable rates. It has also added to its number of partnerships with retailers and restaurants to enhance its customer rewards programs to encourage card usage.
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What is discover financial services number in phoenix?
They don't have branches, u can call Discover Financial Services Laura Gingiss 224-405-0185 email@example.com