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News

04 January 2013

Discover Reports Financial Results for 4Q2012

Discover Financial Services has reported financial results for the fourth quarter 2012. "The company said card sales volume grew 6% from the prior year to $26.5 billion. Credit card loans ended the quarter at $49.6 billion, up 6%, from the prior year. The delinquency rate for credit card loans over 30 days past due was 1.86%, an improvement of 53 basis points from the prior year, and a seasonal increase of 5 basis points from the prior quarter. The credit card net charge-off rate improved to 2.29% for the fourth quarter of 2012, down 95 basis points from the prior year, and 14 basis points from the prior quarter."

http://www.paymentsnews.com/ 



Researches and Reviews
10 December 2013
12 August 2013
Soft Solutions
13 December 2013
07 November 2013