Form Type:  FWP
Filing Date:  6/17/2020 
CIK:  0001393612 
Address:  2500 LAKE COOK ROAD 
City, State, Zip:  RIVERWOODS, Illinois 60015 
Telephone:  224-405-0900 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
-4.01 (-6.79%)  
Trade Time: 
Sep 21  
Market Cap: 
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Description of Business
Discover Financial Services (the "Company") is a direct banking and payment services company. We were incorporated in Delaware in 1960. We are a bank holding company under the Bank Holding Company Act of 1956 as well as a financial holding company under the Gramm-Leach-Bliley Act and therefore are subject to oversight, regulation and examination by the Board of Governors of the Federal Reserve System (the "Federal Reserve"). We provide direct banking products and services and payment services through our subsidiaries. We offer our customers credit card loans, private student loans, personal loans, home equity loans and deposit products. We had $95.9 billion in loan receivables and $54.4 billion in deposits issued through direct-to-consumer channels and affinity relationships at December 31, 2019. We also operate the Discover Network, the PULSE network ("PULSE") and Diners Club International ("Diners Club"), collectively known as the Discover Global Network.
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