Pity the payments executive who travels to countries where the merchants don´t take his network's cards. Every restaurant bill and hotel check-out brings the indignity of paying with another brand of card - and giving business to his competitors.
So for David Nelms, who has spent the last three years filling in Discover Financial Services´ acceptance gap in Japan, a trip there this week will include an unusual victory lap.
"For the first time in all the years I´ve been traveling over there, I´m going to check into my hotel with my Discover card," said Nelms, Discover´s chief executive, in an interview Thursday. "I´m looking forward to that."
Nelms is traveling to Japan this week to mark
The Diners Club International network, which Discover
Discover would not provide more details about Nelms´ trip or say which card brand he had previously used in Japan.
Nelms, who was interviewed after Discover
For the quarter that ended May 31, Discover´s
Nelms said he was "really pleased" with Discover´s payments business this quarter.
"We´re making some very good progress on that, and I know that kind of gets lost with all of the appropriate focus on credit quality, but we are continuing to invest," he said. "It´s full steam ahead on the network."