The Group's principal activity is that of a credit card issuer and electronic payment services company. It provides payment processing services. The Group operates in two segments US Card and Third-Party Payments. The US Card segment includes Discover Card-branded credit cards issued over the Group's network (the Discover Network) and other consumer lending and deposit products. The Third-Party Payments segment includes PULSE EFT Association (the PULSE Network), an automated teller machine (ATM), debit and electronic funds transfer network and the Group's third-party payments business. On 31-Mar-2008, the Group completed the sale of its UK credit card business (Goldfish). In July 2008, it acquired Diners Club International.
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