Key Facts About Discover

April 01, 2005, 12:09 p.m. EST 1 Min Read

  Discover Financial Services
  Headquarters: Riverwoods, Ill. A division of $111 billion Morgan Stanley.
  Leadership: David W. Nelms, chairman and chief executive.
  Employees: 14,000.
  2004 results (fiscal year ends Nov. 30): Pre-tax profits of $1.3 billion on revenues of $3.6 billion. Network volume rose 2% to $99.6 billion.
  2004 receivables: $48.3 billion.
  Cardholders: 19.7 million active accounts.
  Partnerships: Launched Wal-Mart Discover cobranded card with Wal-Mart Stores Inc. and GE Consumer Finance-Americas in March. Allied with biometric provider Pay By Touch.
  Other: Bought Pulse EFT Network in January for $311 million to expand into debit cards, partner with Pulse's 4,100 members; has 1.3 million cards carry Morgan Stanley brand in United Kingdom.

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