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Thomson Financial Business Description:
| The Group's principal activity is to issue credit cards, provide electronic payment & financial service. It issues credit cards under the Discover Card brand to consumer and small business sectors and have cash access locations in the United States, Mexico, Canada, and the Caribbean. It also issues credit cards on the MasterCard and Visa networks in the United Kingdom. The Group's portfolio includes Goldfish, several Morgan Stanley-branded credit cards and a number of affinity credit cards. The Group operates in three segments. US Card segment performs all functions related to credit card business by acting as the card issuer, network and merchant acquirer. International Card segment performs credit card business through third party networks. Third-Party Payments includes PULSE ATM/debit network, which serves more than 4,400 financial institutions and includes nearly 260,000 ATMs, as well as POS terminals, nationwide. |
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