Discover 2010 Annual Report Download - page 2

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£nÈ
Discover pioneers cash rewards,
24/7 customer service, no
annual fee and launches an
independent payment network
£n
Over one million merchants and
30 million cardmembers
£ä
$10 billion in network volume
£x
www.Discover.com
£È
$1 billion in Cashback Bonus
£n
Discover Platinum
ÓääÎ
Miles and Gas rewards cards
Óääx
Acquired PULSE EFT Association
GE Consumer Finance issues cards
on Discover network
Discover Bank offers banking
products online
Strategic alliance with
China UnionPay
ÓääÈ
Reciprocal agreement with JCB
First merchant acquiring agreement
ÓääÇ
Discover begins trading
on NYSE as DFS
12 million cardmembers on
Discover.com
Óä£ä
$20 billion in consumer deposits
Acquired The Student Loan Corporation
$8 billion in Cashback Bonus
Óään
Acquired Diners Club International
$200 billion in network volume
Óää{
Successful conclusion for
Department of Justice case
enables payments strategy
£nn
1st profitable month