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MarketScreener Homepage  >  Equities  >  Nyse  >  Discover Financial Services    DFS

DISCOVER FINANCIAL SERVICES (DFS)
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Discover Financial Services : Oceanpayment Merchants Will Be Able to Accept Discover Global Network Cards

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01/12/2019 | 03:43am EST

Oceanpayment Co., Ltd., a global payment service provider offering more than 500 various payment methods in 200 countries all over the world, has signed an agreement with Diners Club International, a subsidiary of Discover Financial Services and part of the Discover Global Network. The deal will allow Oceanpayment merchants around the world to accept Discover, Diners Club and affiliate network cards.

We are very excited about this new relationship with Discover because it helps us strengthen our card acquiring services, said Oceanpayment Co-Founder and EVP Lanny Yang. This will create new opportunities and open new markets for our e-commerce clients. Becoming a Discover acquirer will allow us to help our merchants become even more successful. And their success is our success.

Oceanpayment has an extensive reach around the globe, and specifically in some of our key markets such as China, said Amy Parsons, senior vice president of global acceptance at Discover. We know that working with them will open up merchants around the world and online that our cardholders value.

As cross-border e-commerce continues to develop, merchants are looking for ways to grow their business and increase sales by accessing more customers all over the world. Oceanpayment works with merchants from travel, entertainment, retail, dining and many other industries and helps businesses offer their customers a preferable payment method.

Discover Global Network has over 44 million merchant acceptance locations and 2 million ATM and cash access locations across 190 countries and territories. Discover Global Network includes Discover, Diners Club International, PULSE and affiliated networks.

(c) 2019 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 10 711 M
EBIT 2018 5 881 M
Net income 2018 2 724 M
Debt 2018 -
Yield 2018 2,24%
P/E ratio 2018 8,43
P/E ratio 2019 7,79
Capi. / Sales 2018 2,08x
Capi. / Sales 2019 1,95x
Capitalization 22 298 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 79,1 $
Spread / Average Target 19%
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Managers
NameTitle
Roger C. Hochschild President, Chief Executive Officer & Director
Larry A. Weinbach Independent Non-Executive Chairman
R. Mark Graf Chief Financial Officer & Executive Vice President
Glenn P. Schneider Chief Information Officer & Executive VP
Gregory C. Case Independent Director
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