Discover Partners with More Credit Card Issuers to Grow Network
Discover Financial Services announced agreements with five more financiual institutions in its ongoing effort to expand its credit card processing network. They include Alliance Data, First Bank & Trust (Brookings, South Dakota), Morgan Beaumont Inc., West Suburban Bancorp Inc. (Lombard, Illinois) and Palm Desert National Bank (Palm Desert, California). The Discover Network is Discover Financial Services’ credit card processing network, which competes on the same level as the processing networks of Visa, MasterCard and American Express.
Court rulings over the last two years have made it possible for Discover to partner with other financial institutions to offer Discover-branded cards, where in the past Discover could only issue cards directly to consumers. Discover has previously announced similar relationship with card issuers including HSBC Bank Nevada, N.A., affiliates of GE Consumer Finance, and CompuCredit Corp.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )