An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Discover Statement on Russian Banks and Payments Acceptance
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Discover Financial Services announced that it has no active partners in Belarus and Russia, resulting in no acceptance of Discover or Diners Club cards in these regions. Prior to the Ukraine invasion, the company had initiated plans to establish a branch in Russia but has since suspended all related actions, including the registration with the Central Bank of Russia. Furthermore, Discover will halt transactions by sanctioned Russian banks and suspend acceptance of cards issued by Russian and Belarusian banks on the Discover Global Network.
Positive
None.
Negative
Suspended plans to establish a Russian branch office, indicating potential market exit.
Halting transactions with sanctioned Russian banks could limit revenue opportunities.
Suspending acceptance of cards from Russian and Belarusian banks may impact customer base.
RIVERWOODS, Ill.--(BUSINESS WIRE)--
Discover and Diners Club International do not have any active partners in Belarus and Russia. There is no acceptance of Discover, Diners Club, Network Alliance Partners and PULSE® in these countries and no cards are being issued there.
Before Russia’s invasion of Ukraine, Discover/Diners Club International was in the process of establishing a Russian branch office and registering it with the Central Bank of Russia as a foreign payment system operator. We have suspended all actions to pursue the registration in Russia at this time.
In addition to having already halted all transactions by sanctioned Russian Banks on our network, we are suspending acceptance of cards issued by all Russian and Belarusian banks that run on the Discover Global Network, including through its partner networks.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.
