In 1999, this company rebranded itself as Discover Financial Services, Inc.[14], The Greenwood Trust Company was founded in 1911 and is based in Greenwood, Delaware. [23], From 1998 to 2007, Discover Card owned a billboard at One Times Square, just above the flagpole where the Times Square Ball is placed, until Toshiba bought the space. Diners Club cards will continue to be issued by Diners Club International licensees. Talk to Acting Guildmaster Reiniger at the eastern part of the Archaeology Campus. Click “Checking” or “Savings” to chose the type of account to link. Compare credit cards to find which offer is right for you. The Miles Card by Discover card allowed redemption with as little as 2,500 miles for non-flight reward options. Discover Bank operates as a subsidiary of Discover Financial Services and is FDIC insured. You’ll also find videos about our initiatives and company culture. IMPORTANT EVENTS IN BANKS HISTORY Discover has been accredited with the Better Business Bureau since 1989, and holds an A+ rating for its services and operation. In 2019, Discover Financial Services' subsidiary Discover Bank eliminated most fees on all of its deposit products. Discover transactions are processed through the Discover Network payment network. On December 21, 2001, fourth-quarter income at Discover grew 31% to $193 million, compared with $147 million the year before.[18]. Discover's introduction was costly; Sears's Discover credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25.8 million in the first quarter of 1987. The company announced in 2010 that it had received approval to pay back the funds.[23]. Shortly after the Supreme Court ruling, Discover struck its first deal to have its cards issued by another financial institution, GE Consumer Finance, which began to issue credit cards for retailer Walmart and its wholesale warehouse stores, Sam's Club. Media related to Discover Card at Wikimedia Commons. Check below for important events in banks history. Its credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25.8 million in the first quarter of 1987.[6]. However, on December 19, 2006 during a fourth quarter earnings report, Morgan Stanley CEO John J. Mack announced Discover would be spun off as a standalone publicly traded company by the end of August 2007, stating that both companies will be better positioned for growth and success as separate entities. In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. [15] The first and original location of Greenwood Trust Co. on East Market Street is now the town hall and police station.[16]. In 1995, DiscoverCard.com was launched where consumers could apply for credit cards, pay bills, redeem rewards, receive email reminders, and earn extra rewards through online retail partners. Additionally DFS also introduced First Fee Forgiveness, a new program that automatically waives the first eligible fee each calendar year for certain Discover accounts. Discover also became the first major credit card issuer to provide free access to FICO Credit Scores based on TransUnion data directly to its cardmembers on their monthly statements. When providing the recipient information, make sure you put down the address for the main Discover billing office rather than the company headquarters or a regional office. Discover was part of Dean Witter, and then Morgan Stanley, until 2007, when Discover Financial Services became an independent company. Phone. 2019 Discover Home Equity Loans Achieves $1 Billion in Funded Loans. In 2010, Discover Financial Services and Softcard announced a strategic partnership to build a mobile payment network that utilizes mobile phones to make point-of-sale purchases. [5] After a trial period in 1985, starting with a $26.77 purchase at an Atlanta Sears on September 17,[6] the actual launch was pushed through by Philip J. Purcell and Mitchell M. Merin, the company's senior vice president for corporate administration and manager of financial analysis, respectively. Address . Within days of the court ruling, Discover filed a lawsuit in federal court seeking damages from Visa and MasterCard. On September 12, DFS launched the Discover it Business credit card, offering unlimited 1.5% cash back on all purchases, as well as free business and security features. Discover Bank is an online institution within a financial services company offering various products, including credit cards, personal loans and student loans. In this same year, DFS also launched the Discover Business Card, offering a single payment solution for small business owners. [34], Acquisition of The Greenwood Trust Company, "The World's Biggest Public Companies: Discover Financial Services", "Discover Financial Services 2011 Annual Report, Form 10-K, Filing Date Jan 26, 2012", "Discover Financial Services - Company Profile and News", "Greenwood Trust Company Renamed Discover Bank", https://www.bankbranchlocator.com/discover-bank/, "Merger of Discover Financial Services and Pulse EFT Association closes following Pulse member approval", "Discover completes purchase of Diners Club", "Discover Financial buying Citigroup's Student Loan Corp", "Discover Completes Acquisition of the Student Loan Corporation", "Tree.com Completes Sale of Certain Assets of Home Loan Center, Inc. to Discover", "Discover's Fourth Quarter Net Income Grows 31%", "Discover Card Account Center Launches Online Sweepstakes; Click, Pay and Win With SmartCheck on Discovercard.com", "Discover Card Now Accepted for Cash Advances At Citibank; Discover Card Is Now Accepted At All U.S. Citibank Financial Centers and ATMs", "Credit Card Issuers Adjust to Open Field", "Wal-Mart taps MasterCard for store-branded credit card", "Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing", https://www.discover.com/company/our-company/, Metro Business; Discover Is Sponsor For Year 2000 Event, Back in Times Square, Toshiba Stands Tall, "The Mills Corporation Announces the Grand Opening of Discover Mills", "List of Credit Card Companies & Networks: Differences, Contact Info & More", "Q1 2016: U.S. Credit Card Issuer Snapshot", Discover Financial Services official corporate site, Discover Bank official banking services site, Discover Network official merchant, acquirer, and issuer services site, Discover Student Loans official private student loan site, Discover Home Loans official home mortgage loan site, Discover Personal Loans official personal lending site, https://en.wikipedia.org/w/index.php?title=Discover_Financial&oldid=1002128302, Companies listed on the New York Stock Exchange, Financial services companies established in 1985, Financial services companies of the United States, Pages with non-numeric formatnum arguments, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. The card rewards cardmembers with 5% cash back in rotating categories each quarter like gas and restaurants. Discover Financial issues its … Discover Bank: The “Look Through” Doctrine and the Arbitration of State Law Usury Claims BY JOHN G. PARKER, CANDY VOTICKY WILSON AND SARAH GALLE PERRY In Vaden v. Discover Bank, 556 U.S. ___, 129 S. Ct. 1262, 2009 U.S. LEXIS 1781 (March 9, 2009), the Supreme Court resolved the circuit split regarding the proper standard for determining whether … In 2014, Discover Financial Services launched Discover it Chrome for Students, allowing students to establish credit while earning 2% at gas stations and restaurants. Help. All of these services are offered at no cost and do not impact credit scores. On December 22, 1998, the company introduced Discover Platinum, a premium card featuring new ways to increase rewards, low balance transfer and annual percentage rates, no annual fee, and expanded credit lines. Discovery Bank Limited. Ray Kennedy, Sr, father of country singer Ray Kennedy and the credit manager for Sears, conceived the card. Ray Kennedy, Sr, father of country singer Ray Kennedy and the credit managerfor Sears, conceived the card. [8] Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly traded company. In 1985, Sears also acquired the Greenwood Trust Company. In 1985, Sears also acquired the Greenwood Trust Company. Discover is a credit card brand issued primarily in the United States. [25], From 1998 to 2007, Discover Card owned a billboard at One Times Square, just above the flagpole where the Times Square Ball is placed, until Toshiba bought the space. Within days of the court ruling, Discover filed a lawsuit in federal court seeking damages from Visa and MasterCard. In August, the company confirmed it would not sell Discover. [4], In 1981, Sears purchased the Dean Witter Reynolds brokerage firm organization and Coldwell, Banker & Company (real estate franchise)[5] as an attempt to add financial services to its portfolio of customer services. [19], On September 1, 2002, Discover announced that Citibank would accept the Discover® Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide.[20]. In 2006, Discover Network united with Visa, MasterCard, American Express, and JCB to form the Payment Card Industry (PCI) Security Standards Council, which helps to manage the ongoing payment account security throughout the transaction process. Discover Bank filed as a Foreign Corporation in the State of Nevada on Wednesday, June 15, 2011 and is approximately ten years old, as recorded in documents filed with Nevada Secretary of State.A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. [1], Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. … In 2017, Discover was named the first ever presenting sponsor and official credit card of the Big Ten Football Conference and Championship Game as part of a multi-year sponsorship. This company had a stock ticker symbol of DWD. In a room in the south of Lumbridge, north of the swamp, to the west of the cemetery. Before this ruling, Visa and MasterCard would not allow banks to issue a Discover or American Express card if they issued a Visa or MasterCard. Discovered attacks can be extremely powerful, as the piece moved can make a threat independently of the piece it reveals. The Gasoline Card (renamed Open Road in 2007) awarded 5% Cashback Bonus on gas purchases. all wikis wikipedia only people's wikis only encyclopedias only add a wiki search within your own wiki contact wiki.com It was ac­quired by Dis­cover Fi­nan­cial Ser­vices in 1985 and re­named Dis­cover Bank in 2000. Check out our latest work. [9] It began trading on the NYSE for the first time on July 2 as DFS. Cardholders could also earn a "Cashback Bonus", in which a percentage of the amount spent would be refunded to the account (from 1% to 5%), depending on how much the card was used. On March 1, 1993, Sears sold off its financial services branch as a new independent publicly traded company called Dean Witter, Discover & Co. with Dean Witter Reynolds in charge. In October 2004, the Supreme Court upheld a ruling in Discover's favor that challenged exclusionary policies of Visa and MasterCard, stating that Mastercard and Visa were violating antitrust regulations. Discovery Bank is an authorised financial services provider (FSP48657) and registered credit provider (NCRCP9997) Metris had originally signed an agreement with Discover in September 2005, three months prior to the HSBC acquisition. Website www.discover.com. Discover also introduced Discover Home Equity Loans, offering homeowners the opportunity to simplify their finances inclusive of supporting home improvement projects, paying for major expenses, or consolidating debt into a single, fixed monthly payment. In 1997, this company merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co. On February 1, 1999, the company rebranded itself as Discover Financial Services, Inc.[7] The NOVUS logo was retired, replaced by the Discover Network logo. Box 6103, Carol Stream, IL 60187-6103. [2], Discover is the third largest credit card brand in the U.S. based on the number of cards in circulation, behind Visa and MasterCard, with 57 million cardholders.[3]. On March 5, 2002, the company announced that the Account Center at Discovercard.com had registered over eight million card members, an increase of 61% since January 2001. In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club International network from Citigroup for $165 million. Discover Swissquote, the Swiss leader in Online Banking. In 2003, Discover introduced gas and miles rewards cards. Check your balance, pay bills, review transactions and more using the Discover Account Center, 24 hours a day, seven days a week. HSBC has issued Discover-branded credit cards processed through the Discover Network since its acquisition of card issuer Metris in late 2005. The tool provides individualized tips and guidance based on personal situations. It was acquired in 1985 and renamed Discover Bank on August 1, 2000. 543, 619-622. In 2009, Discover Financial Services introduced the Spend Analyzer tool, an innovative easy-to-use online tool that provides cardmembers with a visual representation of their Discover card purchases for the past 24 months. Later in the year, DFS announced the Discover More card to replace the Discover Platinum card. Customers gave Discover a 1.5-star rating based on 70 reviews. Other retailers resisted it, as they were developing their own credit products and they believed they would be helping their competitor. The first and orig­i­nal lo­ca­tion of Green­wood Trust Co. on East Mar­ket Street is now the town hall and po­lice station. In 2013, Discover was the sponsor of the BCS National Championship. Before this ruling, Visa and MasterCard would not allow banks to issue a Discover or American Express card if they issued a Visa or MasterCard. J.A. Additionally DFS now had the ability to market and issue debit and ATM cards. It was introduced by Sears in 1985. He was executive vice president, chief administrative and strategic officer for Morgan Stanley from 2001 to 2004, and was executive vice president, chief marketing officer - Discover from 1998 to 2001, when Discover was a part of Morgan Stanley. Since 2008, Discover has been the official credit-card partner of the National Hockey League. Eligible fees included in the program were inclusive of insufficient funds, stop payment, excessive withdrawal and Money Market minimum balance fees. Pulse is an interbank electronic funds transfer (EFT) network in the United States.It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide. In 1995, Discover Card Services, Inc. changed its name to NOVUS Services, Inc. to distinguish its network functions from the Discover Card. It had purchased the Dean Witter Reynolds brokerage organization and Coldwell, Banker & Company (real estate) in 1981 as an attempt to add financial services to its portfolio of customer services. In 2012, Discover Financial Services announced a five year, $10 million commitment called Pathway to Financial Success to help bring financial education curriculum to public high schools across the U.S. Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP). Learn more about our bank and our multiple services of Trading, Forex, Robo-Advisory and much more. The Home Loans business was later sold in 2015. As a result, its logo could be seen on national television during New Year's Eve, while the ball dropped. At the time Discover was introduced, Sears was the largest retailer in the United States. Member companies. We strive to be the leading digital bank and payments services company. Since 2008, Discover has been the official credit-card partner of the National Hockey League. Altogether, these companies operated as a Sears subsidiary called Dean Witter Financial Services Group, Inc. It was named the Discover 2GO Card and was recognized as one of the "Best Products of 2002" by editors and reporters from Business Week and USA Today. 511, 519. Discover Bank Overview. 1-224-405-0900. Enter your bank account details. In 2015, Discover Financial Services launched Discover it Miles, which rewards 1.5 miles per dollar spent. Discovery Store in Stellenbosch. Discover also sponsored the ball drop itself. [26][27], From its opening in 2001 to 2012, Sugarloaf Mills Mall in Lawrenceville, Georgia was named Discover Mills in a naming rights partnership with Discover Card. In the same year, Discover Cashback Checking was introduced. September 2, 2019. [10] Since it did not charge a percentage fee to retailers, unlike Visa, MasterCard, and American Express, Discover was also the only credit card accepted at Sam's Club; the retailer has since started to accept MasterCard and American Express (see below). Business data for Discover Financial Services: This page was last edited on 23 January 2021, at 00:24. In 2013, Discover Financial Services and PayPal partnered to enable millions of participating merchants to accept PayPal easily through their existing relationship with Discover. 1. All Products. Vice versa, cardholders of other countries may utilize their cards at U.S. merchants that accept Discover. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future. Additionally, Discover Home Equity Loans surpassed $1 billion in funded loans, helping over 20,000 homeowners with their financial goals. Additionally, DFS expanded FICO Credit Scores based on Experian data for free to everyone via a platform called Credit Scorecard, which also included a summary of the data that helps determine an individual's FICO Credit Score. If you like what you see, head over to Discover.com to learn more and apply today. In March 2019, Discovery Limited launched Discovery Bank, the world's first behavioural bank. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price. This checking account product paid customers 10 cents for every debit card purchase, online bill payment, and check written. Build a Credit History. She will be your guide through the first steps of Archaeology. Discover Bank's independently-audited financial statement explains that credit-card loans make up the majority of the bank's consumer loans and are assets of the bank. [13] Discover stated that the Diners Club network, which is a major network outside the United States, will be merged with the Discover Network, a major network in the United States. On July 14, 2006, DFS and First Data Corp., a global leader in electronic commerce and payment services, announced that First Data would offer Discover Network card services to small- and mid-sized merchants. The Novus logo was retired, replaced by the Discover Network logo. The Discover More card was designed for consumers who use credit in many different categories and provided them with more ways to earn cash back on their purchases. In 2017, Discover Financial Services launched a free service called Discover Identity Alerts to notify cardmembers if their social security numbers are found on risky websites and if any new accounts are opened on their Experian credit report. Doris' house, directly west of the Edgeville's bank, the closest range to a bank for free players (although the player must re-open the door the the house every few minutes). Discovery … On February 13, 2006, DFS announced that it would begin offering Discover debit cards to other financial institutions, becoming the first credit card services company to compete directly with MasterCard and Visa in the rapidly growing signature debit market.[12]. The Cook-o-matic 25 in the … Rivals of the network include First Data's STAR and Fidelity National Information Services's NYCE.It is owned by Discover Financial, issuer of the Discover Card, … Menu. In September 2012, Discover Financial Services was ordered to pay over $200 million in fines and customer reimbursements to settle accusations by U.S. federal regulators that it had engaged in deceptive telemarketing tactics.[24]. Players must first achieve associate qualifications before they are able to purchase the blueprints from the Archaeology … In 2011 and 2012, Discover participated and won the Grand Marshal award for excellence in creative concept and design in the Tournament of Roses Parade in Pasadena. *Outgoing wire transfers are subject to a service charge. In 2011, Discover started incorporating its logo on Diners Club cards. Discover Card is a consumer credit card brand known for its cash-back rewards program and reduced fee structure. [8] Novus was once the major processing center that partnered with the company. Speak to Acting Guildmaster Reinigerwhich will give you your first set of tools and tell you to start excavating on the nearby hotspot. Peter, Bianca. A 1989 study found that Discover had strong consumer adoption in the U.S.; the number of households with Discover cards increased by 2.1 million, or 14 percent, in 1989. Like many chess tactics, they succeed because the opponent is unable to meet two threats at once.While typically the consequence of a … A subsequent innovation was "Cashback Bonus" on purchases. It had purchased the Dean Witter Reynolds brokerage organization and Coldwell, Banker & Company (real estate) in 1981[4] as an attempt to add financial services to its portfolio of customer services. [21] Transactions were processed on the Discover Network. Find 102 listings related to Discover Bank in Dallas on YP.com. Discover Bank v. Superior Court (30 Cal.Rptr.3d 76) is a 2005 case where the California Supreme Court ruled that an arbitration clause was unenforceable because a class-action waiver contained within it would exculpate Discover Bank from liability for wrongdoing involving small sums of damages. It was the first shopping mall to have granted naming rights to interested companies.[26][27]. In October 2004, the Supreme Court upheld a ruling in Discover's favor that challenged exclusionary policies of Visa and MasterCard, stating that Mastercard and Visa were violating antitrust regulations with anticompetitive practices. Metris had originally signed an agreement with Discover in September 2005, three months prior to the HSBC acquisition. Early Discover Cards bore a small embossed symbol representing the Sears Tower, then the company's headquarters. In 2016, Discover Financial Services launched Discover it Secured for consumers looking to build their credit. Discover Bank has no plans to issue Diners Club-branded cards, which continue to be issued by Diners Club International licensees. The auto-screener v1.080 is a level 67 Invention item that can be discovered and created at an inventor's workbench under the skilling support tab and allows players, when excavating, to automatically screen gathered soil into archaeology materials. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. The BBB has recorded 877 complaints in the last three years, most of which were related to billing, collections and problems with the product or service. Discover Bank was founded on August 30, 1911 and has been serving the financial needs of their customers for over 109 years. On September 17, 2010, Discover Financial Services announced it would acquire Citigroup-owned Student Loan Corporation for $30/share. See reviews, photos, directions, phone numbers and more for Discover Bank locations in Dallas, TX. Type the routing number and account number into the provided fields. After receiving your first set of tools, you will begin by learning about excavating. HSBC has issued Discover-branded credit cards processed through the Discover Network since its acquisition of card issuer Metris in late 2005. In September 2012, Discover was ordered to pay over $200 million in fines and customer reimbursements to settle accusations by U.S. federal regulators that it had engaged in deceptive telemarketing tactics. Unlike other attempts at creating a credit card to rival MasterCard and Visa, such as Citibank's Choice card, Discover gained a large national consumer base. [30], In addition to its card products, Discover Financial Services also markets savings products, checking accounts, personal loans, student loans, identity protection, and home equity loans. Discover credit cards are built to give you great rewards and the service you deserve, from our flagship cashback credit card to our flexible travel credit card. As a result, its logo could be seen on national television during New Year's Eve, while the ball dropped. The Greenwood Trust Company was founded on August 30, 1911 and was based in Greenwood, Delaware. "Merger of Discover Financial Services and Pulse EFT Association closes following Pulse member approval", Credit card reward programs: a short history, Banks and nonbanks at the end of the ‘80s, "Greenwood Trust Company Renamed Discover Bank", https://www.discoverglobalnetwork.com/en-us/about-us/reach-and-acceptance, "Card Acceptance – Troy – Turkey's Payment Method", "Discover tops Mastercard, Visa as planet's most-accepted payment card", https://www.discover.com/credit-cards/help-center/account/international-use.html, "Credit Card Issuers Adjust to Open Field", "Wal-Mart taps MasterCard for store-branded credit card", "Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing", Metro Business; Discover Is Sponsor For Year 2000 Event, Back in Times Square, Toshiba Stands Tall, "The Mills Corporation Announces the Grand Opening of Discover Mills", https://en.wikipedia.org/w/index.php?title=Discover_Card&oldid=1001754394, Articles with unsourced statements from February 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 January 2021, at 04:33. Explore our Secured credit card to help build your credit history. This allowed Pulse and its more than 4,000 member banks, credit unions, and savings institutions to join with the Discover Network's 4 million merchant and cash access locations. [19] Currently, Discover is accepted in 185 countries.[20]. Retrieved 2020-09-18. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. [16] On June 12, 2012, Discover began originating mortgages with its launch of Discover Home Loans, offering prime variable- and fixed-rate conventional and FHA home mortgage loans. As part of this deal, Discover offers team- and league-branded credit cards as well as a 10% discount on purchases made from the NHL's online store using Discover. As part of this deal, Discover offers team- and league-branded credit cards as well as a 10% discount on purchases made from the NHL's online store using Discover. [13] Sears sold its financial businesses in 1993 and began to accept MasterCard and Visa in addition to its store credit card and Discover. In 2018, Discover Financial Services announced a change to its checking account rewards program, a new industry-leading reward of 1% cash back on up to $3,000 in qualifying debit card purchases each month. In 1989, Discover Network signs its 1 millionth merchant, a restaurant called Vincente's Restaurant in Wilminton, Delaware.[17]. DFS also launched contactless cards this year. Shortly after the 2004 Supreme Court ruling, Discover struck its first deal to have its cards issued by another financial institution, GE Consumer Finance, which began to issue credit cards for retailer Walmart and its wholesale warehouse stores, Sam's Club. If you clicked “I have a different bank,” you’ll see the “Link Bank Account” screen. Additionally in this same year, the Discover it card was announced. Discover became part of the Dean Witter financial services firm, and the new company was called Dean Witter, Discover & Co. Sam's Club exclusively accepted Discover for many years; since November 2006, it has also accepted MasterCard for purchases. [11] In this same year, Discover also signed a restaurant in Delaware as its 1 millionth merchant in its payment network. [21] Transactions were processed on the Discover Network. In April 2005, Morgan Stanley announced that it would divest Discover Financial Services as an independent company within six months. It was acquired by Discover Financial Services in 1985 and renamed Discover Bank in 2000. [12], The plan to create a one-stop financial-services center in Sears stores was not as successful as Sears had hoped, and its promotion of Discover was thought both to hurt Sears turnover and to restrict the card's potential. By providing your email address below, you … The plan to create a one-stop financial-services center in Sears stores was not as successful as Sears had hoped. By June, industry sources reported that Morgan Stanley was reassessing its plan to spin off Discover. In 2005, Discover Financial Services acquired Pulse, an electronic funds transfer network, allowing it to market and issue debit and ATM cards. Discover also introduced the option for paperless statements to minimize the impact on the environment and reduce clutter for customers. The companies that comprise Discovery Limited include, but are not limited to, the following: Discovery Life – Sandton, South Africa – 100% Shareholding – Offering life and long term insurance products in South Africa. When launched, Discover did not charge an annual fee and offered a higher-than-normal credit limit, features that were disruptive to the existing credit card industry[citation needed].