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Discover Financial Services- (DFS)-is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation's leading ATM/debit networks. The company was founded 1986 and is headquartered in Riverwoods, Illinois. Discover Financial Services (NYSE:DFS) operates independently of Morgan Stanley as of June 30, 2007. Discover Financial Services (NYSE:DFS) operates independently of Morgan Stanley as of July 2, 2007.
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