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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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The Annual Technology Issue explores the brave new world of integrated point of sale, reviews the security case for tokenization, assesses opportunities in loyalty programs and makes our best guesses when it comes to what lies ahead in technology. We also explore the importance of hiring and retaining the best independent agents, and we review the latest developments in regulation.
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