15DFCC 02ANR AnnualReport COVER 00208

[Pages:188]2017

ANNUAL REPORT

It Pays to Discover?

VISION To be the leading

direct bank and payments partner.

MISSION To help people spend smarter,

manage debt better and save

more so they achieve a brighter

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VALUES Doing the right thing I nnovation S implicity Collaboration O penness VROXQWHHULVP E QWKXVLDVP R espect

A Leading Direct Bank and Payments Partner

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7KH'LVFRYHUEUDQGLVNQRZQIRUUHZDUGVVHUYLFHDQGYDOXH$FURVVDOOGLUHFWEDQNLQJSURGXFWV 'LVFRYHUVHHNVWRKHOSFXVWRPHUVPHHWWKHLUQDQFLDOQHHGVDQGDFKLHYHEULJKWHUQDQFLDOIXWXUHV

Discover Card

? $67 billion in loans ? Leading cash rewards program

Student Loans

? $9 billion in student loans 2HUHGDWPRUHWKDQFROOHJHV

Home Equity Loans

? Launched in 2013

Personal Loans

? $7 billion in loans ? Debt consolidation and major purchases

Deposits

? $39 billion in consumer deposits 0RQH\PDUNHWDFFRXQWVFHUWLFDWHVRIGHSRVLW

savings accounts and checking accounts

'LVFRYHU*OREDO1HWZRUNWKHJOREDOSD\PHQWV EUDQGRI'LVFRYHU)LQDQFLDO6HUYLFHVVWULYHV WREHWKHPRVWH[LEOHDQGLQQRYDWLYHSD\PHQWVSDUWQHULQWKH8QLWHG6WDWHVDQGDURXQGWKH world. Our Network Partners business provides payment transaction processing and settlement VHUYLFHVRQWKH'LVFRYHU1HWZRUN38/6(LVRQHRIWKHQDWLRQVOHDGLQJ$70GHELWQHWZRUNVDQG Diners Club International is a global payments network with acceptance in 190 countries.

Discover Network

? $147 billion volume ? 10+ network alliances

PULSE Debit Network

? $157 billion volume ? 2 million ATMs in 138

countries

Diners Club International

? $32 billion volume ? 110+ licensees

David W. Nelms &KDLUPDQDQG&KLHI([HFXWLYH2FHU

To Our Shareholders:

The Future of Banking

&RQVXPHUVZDQWDWUXVWHGQDQFLDOSDUWQHUWKDWLVDOZD\VDYDLODEOHHDV\WRXVHUHZDUGLQJ DQGLQQRYDWLYH'LVFRYHUSURYLGHVDSHUVRQDOL]HGVHFXUHH[SHULHQFHWKDWSXWVRXU FXVWRPHUVLQFRQWURO2XUGLUHFWGLJLWDODSSURDFKLVHFLHQWDQGZHDUHDYDLODEOHZKHUH customers shop and on the devices they use. We operate our own branded payments QHWZRUNDQGSURYLGH86EDVHGFXVWRPHUVHUYLFHVRFXVWRPHUVNQRZWRH[SHFWWKH EHVWIURP'LVFRYHU)RUGHFDGHVRXUYDOXHVKDYHJXLGHGXVWRDOZD\VWUHDWFXVWRPHUVDQG HPSOR\HHVIDLUO\ZKLFKLVRQHWKLQJWKDWZLOOQHYHUFKDQJH

DFS 10-year Anniversary

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