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Discover Cites Settlement In Posting Big Jump In Q3 Profit

CardLine | Thursday, September 17, 2009

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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In the May-June issue we see how ISOs are turning data into revenue by offering it as a value-added service to merchants. We also look at the most common value-adds and how they got that way. A vendor even provides advice on transforming PCI services into value-adds. Coverage of SourceMedia's 20 Most Influential Women in Payments provides a highlight of the issue, and we also assess the potential profitability of medical marijuana.

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