Tuition Reimbursement: Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts and credit cards.
Discover was introduced by Sears in 1985. 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. A subsequent innovation was the “Cashback Bonus” on purchases.
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network.
In 2005, Discover Financial Services acquired Pulse, an electronic funds transfer network, allowing it to market and issue debit and ATM cards.
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.
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.
It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.
Tuition reimbursement at Discover is among the best in comparison to other companies in the financial services industry.
1. For the second consecutive year, Discover is recognized as a 2022 Best Place to Work for Disability Inclusion and has earned a 100 percent score on the Disability Equality Index.
2. Discover was selected as one of the Best Employers for Women in 2021 by Forbes.
3. Discover was one of the early adopters of contactless payment technologies, enabling customers to make fast and secure transactions with just a tap of their cards or mobile devices.
4. The Discover it Chrome and Chrome Student cards offer 2% cashback on restaurant and gas purchases and 1% on other spending.
5. Discover is one of the few companies that provide tuition reimbursement for their employees immediately upon hire.