What does Discover Card mean?
Discover is the newest credit card brand in the United States, established in 1986. The firm has over fifty million credit or debit card members, but is still the smallest of the four major payment card brands when it comes to market sharing. In 2006 the Discover payment network, which includes Discover Network and PULSE, processed over three billion transactions.
Discover acts both as a transaction processing network and a payment card issuing financial institution, similar to American Express, while MasterCard and Visa only operate as processing networks.