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Discover Cites Settlement In Posting Big Jump In Q3 Profit

Buoyed by a hefty lawsuit-settlement payment and a sharp decline in expenses, Discover Financial Services today reported net income of $577.5 million for its fiscal third quarter ended Aug. 31, up 221% from $180.1 million during the same quarter last year.

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ISOs and agents are learning the power of merchant cash advances for differentiation, profit and retention. We explore that potential in this issue and also offer advice on whether to offer merchants an advance or a loan. Meanwhile, we look into vending machines as an opportunity for ISOs and conduct an inquiries into how ISOs and agents can nudge retailers toward data security. Last but not least, we urge ISOs to keep up with technology so that they can keep their clients informed.
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